Worthington Enterprises (NYSE:WOR) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

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

Worthington Enterprises Stock Performance

Shares of Worthington Enterprises stock traded up $0.70 during trading on Tuesday, hitting $41.73. 506,858 shares of the stock were exchanged, compared to its average volume of 268,866. 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 12 month low of $37.88 and a 12 month high of $65.34. The stock’s fifty day moving average is $41.82 and its 200 day moving average is $41.31. The stock has a market cap of $2.09 billion, a PE ratio of 50.28 and a beta of 1.21.

Worthington Enterprises Dividend Announcement

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

Analyst Ratings Changes

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