Worthington Enterprises (NYSE:WOR) Announces Earnings Results, Misses Estimates By $0.21 EPS

Worthington Enterprises (NYSE:WOR) released its quarterly earnings results on Tuesday. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.21), Briefing.com reports. Worthington Enterprises had a return on equity of 11.40% and a net margin of 1.96%. The company had revenue of $257.31 million during the quarter, compared to the consensus estimate of $296.05 million. During the same period in the previous year, the company earned $2.06 earnings per share. Worthington Enterprises’s quarterly revenue was down 17.5% on a year-over-year basis.

Worthington Enterprises Stock Down 2.9 %

WOR traded down $1.22 during midday trading on Thursday, reaching $41.52. The company’s stock had a trading volume of 102,501 shares, compared to its average volume of 287,211. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 19.34 and a beta of 1.25. The company has a current ratio of 3.78, a quick ratio of 2.86 and a debt-to-equity ratio of 0.33. Worthington Enterprises has a 1 year low of $36.29 and a 1 year high of $69.96. The stock’s 50-day moving average is $45.69 and its 200-day moving average is $52.40.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WOR shares. The Goldman Sachs Group decreased their price target on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a research note on Tuesday, July 2nd. Canaccord Genuity Group cut their price objective on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday. StockNews.com upgraded shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Canaccord Genuity Group cut their price objective on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Worthington Enterprises currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Worthington Enterprises Company Profile

Worthington Enterprises, Inc operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors.