Worthington Enterprises (NYSE:WOR) Issues Earnings Results, Beats Expectations By $0.18 EPS

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

Worthington Enterprises Price Performance

WOR stock opened at $41.73 on Wednesday. The stock’s 50 day moving average price is $41.82 and its 200 day moving average price is $41.31. The firm has a market cap of $2.09 billion, a P/E 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 1 year low of $37.88 and a 1 year high of $62.86.

Worthington Enterprises Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WOR shares. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group boosted their target price on Worthington Enterprises from $46.00 to $49.00 and gave the stock 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 given a strong buy rating to the company’s stock. According to MarketBeat, Worthington Enterprises has an average rating of “Hold” and an average price target 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.