Worthington Enterprises (NYSE:WOR) Posts Earnings Results

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

Worthington Enterprises Trading Up 1.7 %

NYSE WOR opened at $41.73 on Wednesday. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 50.28 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. Worthington Enterprises has a one year low of $37.88 and a one year high of $62.86. The company’s 50 day moving average price is $41.82 and its 200 day moving average price is $41.31.

Worthington Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.63%. Worthington Enterprises’s dividend payout ratio is presently 81.93%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Seaport Res Ptn raised Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group raised their target price on shares of Worthington Enterprises from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.00.

About Worthington Enterprises

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.