Worthington Enterprises (NYSE:WOR) Issues Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Worthington Enterprises (NYSE:WOR) released its quarterly earnings data on Tuesday. The industrial products company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18, Briefing.com reports. The firm had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share.

Worthington Enterprises Stock Performance

Shares of Worthington Enterprises stock traded up $0.70 during trading on Tuesday, hitting $41.73. 495,218 shares of the stock were exchanged, compared to its average volume of 340,396. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. Worthington Enterprises has a 12 month low of $37.88 and a 12 month high of $62.86. The stock’s fifty day moving average is $41.82 and its 200 day moving average is $41.31. The stock has a market cap of $2.09 billion, a PE ratio of 50.28 and a beta of 1.21.

Analyst Ratings Changes

WOR has been the subject of several research reports. Canaccord Genuity Group lifted their price target on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.00.

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.