Worthington Enterprises (NYSE:WOR) Releases Quarterly Earnings Results, Misses Expectations By $0.21 EPS

Worthington Enterprises (NYSE:WOR) issued its earnings results 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 for the quarter, compared to analyst estimates of $296.05 million. Worthington Enterprises had a return on equity of 11.40% and a net margin of 1.96%. Worthington Enterprises’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 earnings per share.

Worthington Enterprises Stock Down 5.6 %

Worthington Enterprises stock opened at $42.74 on Thursday. Worthington Enterprises has a fifty-two week low of $36.29 and a fifty-two week high of $69.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.86 and a current ratio of 3.78. The firm’s 50-day simple moving average is $45.69 and its 200 day simple moving average is $52.40. The stock has a market cap of $2.14 billion, a PE ratio of 19.34 and a beta of 1.25.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WOR shares. StockNews.com upgraded shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday. Canaccord Genuity Group dropped their price target 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, June 27th. Finally, The Goldman Sachs Group cut their price target on 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 analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, Worthington Enterprises presently has a consensus rating of “Hold” and an average price target of $50.33.

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.