Worthington Enterprises (NYSE:WOR) Announces Earnings Results, Misses Estimates By $0.21 EPS

Worthington Enterprises (NYSE:WOR) released 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. 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 during the quarter, compared to analysts’ expectations of $296.05 million. During the same quarter in the prior year, the firm posted $2.06 earnings per share. The firm’s quarterly revenue was down 17.5% on a year-over-year basis.

Worthington Enterprises Stock Down 5.6 %

WOR opened at $42.74 on Thursday. The company has a fifty day moving average price of $45.69 and a 200-day moving average price of $52.40. The firm has a market capitalization of $2.14 billion, a P/E 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. Worthington Enterprises has a one year low of $36.29 and a one year high of $69.96.

Analysts Set New Price Targets

A number of research firms recently weighed in on WOR. Canaccord Genuity Group reduced their price objective on shares of Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating for the company in a research note on Thursday, June 27th. StockNews.com upgraded shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reduced their price objective on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $50.33.

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.