Worthington Enterprises (NYSE:WOR) Announces Earnings Results

Worthington Enterprises (NYSE:WOR) issued its quarterly earnings data 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. The company had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. Worthington Enterprises’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share.

Worthington Enterprises Stock Up 1.7 %

WOR traded up $0.70 during trading on Tuesday, hitting $41.73. The company had a trading volume of 506,858 shares, compared to its average volume of 268,866. Worthington Enterprises has a 1-year low of $37.88 and a 1-year high of $65.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. The company has a market cap of $2.09 billion, a PE ratio of 50.28 and a beta of 1.21. The business has a 50-day moving average of $41.82 and a 200-day moving average of $41.31.

Worthington Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 dividend yield of 1.63%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 81.93%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WOR shares. Canaccord Genuity Group upped their target price on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. 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 company. According to MarketBeat.com, the company presently 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.