Analysts forecast that Worthington Industries (NYSE:WOR) will announce earnings per share of $1.04 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Worthington Industries’ earnings, with the highest EPS estimate coming in at $1.12 and the lowest estimate coming in at $0.96. Worthington Industries reported earnings per share of $0.87 during the same quarter last year, which would suggest a positive year over year growth rate of 19.5%. The company is scheduled to issue its next quarterly earnings report on Wednesday, June 27th.
On average, analysts expect that Worthington Industries will report full year earnings of $3.02 per share for the current year, with EPS estimates ranging from $2.95 to $3.08. For the next financial year, analysts expect that the business will report earnings of $3.39 per share, with EPS estimates ranging from $3.22 to $3.58. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Worthington Industries.
Worthington Industries (NYSE:WOR) last posted its earnings results on Thursday, March 29th. The industrial products company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.14). The firm had revenue of $841.66 million for the quarter, compared to analysts’ expectations of $863.50 million. Worthington Industries had a return on equity of 17.05% and a net margin of 6.47%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share.
A number of analysts have commented on the company. ValuEngine upgraded Worthington Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. Zacks Investment Research downgraded Worthington Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Jefferies Group reiterated a “hold” rating and set a $45.00 target price on shares of Worthington Industries in a research report on Friday, March 30th.
In other news, VP Catherine M. Lyttle sold 34,500 shares of the company’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $40.65, for a total value of $1,402,425.00. Following the sale, the vice president now directly owns 32,059 shares in the company, valued at $1,303,198.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Endres acquired 3,000 shares of Worthington Industries stock in a transaction dated Wednesday, April 4th. The stock was bought at an average price of $39.78 per share, for a total transaction of $119,340.00. Following the completion of the transaction, the director now directly owns 187,440 shares of the company’s stock, valued at $7,456,363.20. The disclosure for this purchase can be found here. 31.30% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. PDS Planning Inc purchased a new stake in shares of Worthington Industries in the first quarter valued at $185,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Worthington Industries in the fourth quarter valued at $218,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Worthington Industries in the fourth quarter valued at $221,000. Elkfork Partners LLC purchased a new stake in shares of Worthington Industries in the fourth quarter valued at $234,000. Finally, Creative Planning purchased a new stake in shares of Worthington Industries in the fourth quarter valued at $246,000. Institutional investors and hedge funds own 52.82% of the company’s stock.
WOR opened at $45.94 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.29 and a debt-to-equity ratio of 0.72. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 3.65 and a beta of 1.08. Worthington Industries has a one year low of $45.04 and a one year high of $45.93.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.83%. Worthington Industries’s dividend payout ratio is currently 26.09%.
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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