Worthington Enterprises (NYSE:WOR) Issues Earnings Results

Worthington Enterprises (NYSE:WOR) issued 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 business had revenue of $257.31 million during the quarter, compared to analyst estimates of $296.05 million. During the same period in the previous year, the business posted $2.06 earnings per share. The firm’s quarterly revenue was down 17.5% on a year-over-year basis.

Worthington Enterprises Stock Up 1.3 %

Shares of NYSE:WOR traded up $0.56 during mid-day trading on Thursday, hitting $43.30. 16,809 shares of the company traded hands, compared to its average volume of 286,751. The firm has a market cap of $2.17 billion, a P/E ratio of 19.34 and a beta of 1.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.86 and a current ratio of 3.78. Worthington Enterprises has a 52-week low of $36.29 and a 52-week high of $69.96. The firm’s 50 day simple moving average is $45.69 and its 200 day simple moving average is $52.40.

Analysts Set New Price Targets

WOR has been the topic of a number of research analyst reports. Canaccord Genuity Group decreased their price target on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday. The Goldman Sachs Group reduced their price objective on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a research note on Tuesday, July 2nd. Canaccord Genuity Group reduced their price objective on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, StockNews.com raised Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.