Worthington Enterprises (NYSE:WOR) Releases Quarterly Earnings Results

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

Worthington Enterprises Price Performance

Shares of NYSE:WOR opened at $42.74 on Thursday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 19.34 and a beta of 1.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.86. The business’s 50 day simple moving average is $45.69 and its 200-day simple moving average is $52.40. Worthington Enterprises has a 12 month low of $36.29 and a 12 month high of $69.96.

Analyst Upgrades and Downgrades

WOR has been the subject of several analyst reports. Canaccord Genuity Group cut their price target on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a report on Thursday. Canaccord Genuity Group cut their target price on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday. StockNews.com upgraded Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, The Goldman Sachs Group cut their price objective on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.00.

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.