Worthington Enterprises (NYSE:WOR) Announces Earnings Results

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. Worthington Enterprises had a net margin of 3.79% and a return on equity of 15.57%. The business had revenue of $318.80 million for the quarter, compared to analyst estimates of $352.82 million. During the same period last year, the firm earned $2.74 earnings per share. The company’s quarterly revenue was down 13.6% on a year-over-year basis.

Worthington Enterprises Stock Down 3.0 %

WOR stock opened at $47.00 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.47. Worthington Enterprises has a 1-year low of $36.29 and a 1-year high of $69.96. The firm has a fifty day moving average price of $55.75 and a two-hundred day moving average price of $57.93. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 21.27 and a beta of 1.35.

Insider Buying and Selling at Worthington Enterprises

In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of the company’s 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 completion of the transaction, the director now owns 40,688 shares in the company, valued at $2,495,801.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WOR has been the topic of a number of recent research reports. Canaccord Genuity Group reduced their target price on shares of Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating on the stock in a research report on Thursday. StockNews.com cut shares of Worthington Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their target price on shares of Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $58.00.

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.