Worthington Enterprises (WOR) Set to Announce Earnings on Tuesday

Worthington Enterprises (NYSE:WOR) will post its quarterly earnings results after the market closes on Tuesday, September 24th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Worthington Enterprises (NYSE:WOR) last issued its earnings results on Wednesday, June 26th. The industrial products company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.14). The firm had revenue of $318.80 million during the quarter, compared to analysts’ expectations of $352.82 million. Worthington Enterprises had a return on equity of 15.57% and a net margin of 3.79%. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period last year, the business posted $2.74 earnings per share.

Worthington Enterprises Stock Performance

Worthington Enterprises stock opened at $45.88 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.86. Worthington Enterprises has a 12 month low of $36.29 and a 12 month high of $69.96. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 20.76 and a beta of 1.25. The stock’s 50-day moving average is $45.97 and its 200-day moving average is $52.81.

Worthington Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.48%. This is a boost from Worthington Enterprises’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 13th. Worthington Enterprises’s payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

WOR has been the topic of a number of recent research reports. StockNews.com cut shares of Worthington Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, June 26th. Canaccord Genuity Group decreased their price target on Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating for the company in a research note on Thursday, June 27th. Finally, The Goldman Sachs Group reduced their price target on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.