Worthington Enterprises (NYSE:WOR) Issues Earnings Results

Worthington Enterprises (NYSE:WOR) released its quarterly earnings data on Tuesday. The industrial products company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.73 by $0.18, Briefing.com reports. The firm had revenue of $304.52 million for the quarter, compared to the consensus estimate of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share.

Worthington Enterprises Price Performance

Shares of NYSE:WOR opened at $51.70 on Thursday. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2.59 billion, a PE ratio of 62.29 and a beta of 1.21. The firm has a 50 day moving average of $42.02 and a 200-day moving average of $41.38. Worthington Enterprises has a 12 month low of $37.88 and a 12 month high of $62.86.

Worthington Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.32%. Worthington Enterprises’s dividend payout ratio is currently 57.63%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WOR. Seaport Res Ptn upgraded shares of Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group upped their target price on Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.00.

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.