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

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

Worthington Enterprises Stock Up 1.7 %

Shares of WOR traded up $0.70 during midday trading on Tuesday, hitting $41.73. The company had a trading volume of 495,218 shares, compared to its average volume of 340,396. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 50.28 and a beta of 1.21. The company’s 50 day moving average price is $41.82 and its 200 day moving average price is $41.31. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. Worthington Enterprises has a 52 week low of $37.88 and a 52 week high of $62.86.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Canaccord Genuity Group lifted 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. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Worthington Enterprises presently has an average rating of “Hold” and a consensus target price 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.