Analysts expect Worthington Industries, Inc. (NYSE:WOR) to announce $0.58 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Worthington Industries’ earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.52. Worthington Industries also posted earnings of $0.58 per share during the same quarter last year. The company is scheduled to issue its next earnings report on Tuesday, December 17th.
According to Zacks, analysts expect that Worthington Industries will report full-year earnings of $2.72 per share for the current financial year, with EPS estimates ranging from $2.48 to $2.95. For the next fiscal year, analysts expect that the company will report earnings of $3.30 per share, with EPS estimates ranging from $2.70 to $3.89. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Worthington Industries.
Worthington Industries (NYSE:WOR) last posted its quarterly earnings results on Wednesday, September 25th. The industrial products company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.10). Worthington Industries had a return on equity of 15.28% and a net margin of 2.58%. The company had revenue of $855.86 million for the quarter, compared to analyst estimates of $924.00 million. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year.
A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Worthington Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. Zacks Investment Research reaffirmed a “sell” rating on shares of Worthington Industries in a research note on Saturday, September 28th. Finally, TheStreet cut shares of Worthington Industries from a “b-” rating to a “c” rating in a research note on Wednesday, September 25th.
Shares of NYSE:WOR traded down $0.04 on Friday, reaching $38.95. 100,041 shares of the company were exchanged, compared to its average volume of 225,601. The company has a current ratio of 2.13, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Worthington Industries has a 1-year low of $31.42 and a 1-year high of $43.52. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 14.06 and a beta of 1.16. The company has a 50-day moving average of $36.33 and a 200-day moving average of $37.34.
The business also recently declared a — dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 2.7%. Worthington Industries’s dividend payout ratio (DPR) is presently 34.66%.
In other news, insider Jeffrey R. Klingler sold 961 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $38.46, for a total transaction of $36,960.06. Following the transaction, the insider now directly owns 5,307 shares of the company’s stock, valued at approximately $204,107.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 34.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake in Worthington Industries by 6.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,598,557 shares of the industrial products company’s stock valued at $64,358,000 after acquiring an additional 99,795 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Worthington Industries by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 734,834 shares of the industrial products company’s stock valued at $29,585,000 after acquiring an additional 36,947 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Worthington Industries by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 647,534 shares of the industrial products company’s stock valued at $25,195,000 after acquiring an additional 25,194 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Worthington Industries in the 2nd quarter valued at about $17,073,000. Finally, UBS Group AG grew its stake in Worthington Industries by 414.4% in the 2nd quarter. UBS Group AG now owns 246,849 shares of the industrial products company’s stock valued at $9,938,000 after acquiring an additional 198,857 shares during the last quarter. 45.77% of the stock is currently owned by hedge funds and other institutional investors.
Worthington Industries Company Profile
Worthington Industries, Inc, a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Austria, Canada, Mexico, Poland, Portugal, and Turkey. The company operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs.
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