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

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

Worthington Enterprises Stock Down 2.6 %

Shares of NYSE:WOR traded down $1.11 on Thursday, hitting $41.63. 100,415 shares of the company’s stock were exchanged, compared to its average volume of 287,175. 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 1-year low of $36.29 and a 1-year high of $69.96. The company has a market capitalization of $2.09 billion, a PE ratio of 19.34 and a beta of 1.25. The firm’s 50-day moving average is $45.69 and its 200 day moving average is $52.40.

Analysts Set New Price Targets

WOR has been the topic of several recent research reports. Canaccord Genuity Group lowered their price objective on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday. The Goldman Sachs Group cut their price objective on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a research report on Tuesday, July 2nd. Canaccord Genuity Group decreased their target price on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, StockNews.com upgraded shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday. One investment 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 company currently has an average 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.