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

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

Worthington Enterprises Stock Down 5.6 %

Shares of WOR opened at $42.74 on Thursday. The company has a market cap of $2.14 billion, a PE ratio of 19.34 and a beta of 1.25. The business has a fifty day moving average of $45.69 and a 200 day moving average of $52.40. Worthington Enterprises has a 52-week low of $36.29 and a 52-week high of $69.96. The company has a quick ratio of 2.86, a current ratio of 3.78 and a debt-to-equity ratio of 0.33.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WOR shares. The Goldman Sachs Group cut their target price on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a report on Tuesday, July 2nd. StockNews.com upgraded Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Canaccord Genuity Group lowered their price target on Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating for the company in a research report on Thursday, June 27th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.33.

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.