Worthington Enterprises (NYSE:WOR) Issues Quarterly Earnings Results

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

Worthington Enterprises Trading Down 5.6 %

NYSE WOR opened at $42.74 on Thursday. The stock has a market capitalization of $2.14 billion, a P/E ratio of 19.34 and a beta of 1.25. The business has a 50 day simple moving average of $45.69 and a 200 day simple moving average of $52.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.86. Worthington Enterprises has a one year low of $36.29 and a one year high of $69.96.

Wall Street Analyst Weigh In

Several research analysts have commented on WOR shares. The Goldman Sachs Group cut their target price on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a report on Tuesday, July 2nd. Canaccord Genuity Group cut their price objective on Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating on the stock in a research note on Thursday, June 27th. Finally, StockNews.com raised shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.33.

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.