Worthington Enterprises (WOR) Set to Announce Earnings on Tuesday

Worthington Enterprises (NYSE:WOR) is scheduled to post its quarterly earnings results after the market closes on Tuesday, September 24th. Parties that wish to listen to the company’s conference call can do so using this link.

Worthington Enterprises (NYSE:WOR) last announced 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). Worthington Enterprises had a net margin of 3.79% and a return on equity of 15.57%. The firm had revenue of $318.80 million during the quarter, compared to analysts’ expectations of $352.82 million. During the same quarter last year, the company posted $2.74 earnings per share. Worthington Enterprises’s revenue for the quarter was down 13.6% compared to the same quarter last year.

Worthington Enterprises Trading Down 0.2 %

Worthington Enterprises stock opened at $45.14 on Tuesday. The company has a market cap of $2.26 billion, a P/E ratio of 20.43 and a beta of 1.25. 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 moving average is $45.92 and its 200-day moving average is $53.21. Worthington Enterprises has a 1 year low of $36.29 and a 1 year high of $69.96.

Worthington Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.17 dividend. This is an increase from Worthington Enterprises’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, September 13th. Worthington Enterprises’s dividend payout ratio (DPR) is 30.77%.

Analysts Set New Price Targets

A number of research firms have issued reports on WOR. Canaccord Genuity Group reduced their target price 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 cut shares of Worthington Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, June 26th. Finally, The Goldman Sachs Group cut their target price 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. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, Worthington Enterprises presently has an average rating of “Hold” and a consensus target price 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.