Worthington Enterprises (NYSE:WOR) Issues Earnings Results, Misses Expectations By $0.14 EPS

Worthington Enterprises (NYSE:WOR) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.14), Briefing.com reports. The business had revenue of $318.80 million for the quarter, compared to analysts’ expectations of $352.82 million. Worthington Enterprises had a return on equity of 13.87% and a net margin of 3.79%. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period last year, the company posted $2.74 earnings per share.

Worthington Enterprises Price Performance

WOR opened at $48.45 on Thursday. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 21.92 and a beta of 1.35. Worthington Enterprises has a fifty-two week low of $36.29 and a fifty-two week high of $69.96. The company’s 50-day moving average price is $55.96 and its 200 day moving average price is $58.01. The company has a quick ratio of 2.47, a current ratio of 3.42 and a debt-to-equity ratio of 0.33.

Analyst Ratings Changes

WOR has been the subject of a number of analyst reports. StockNews.com cut shares of Worthington Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday. The Goldman Sachs Group upped their price objective on shares of Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Finally, Canaccord Genuity Group upped their price objective on shares of Worthington Enterprises from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, Worthington Enterprises has a consensus rating of “Hold” and an average price target of $61.00.

Insider Buying and Selling

In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $61.34, for a total transaction of $61,340.00. Following the sale, the director now owns 40,688 shares in the company, valued at $2,495,801.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 38.50% of the stock is owned by company insiders.

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.