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

Worthington Enterprises (NYSE:WOR - Get Free Report) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18, Briefing.com reports. The business had revenue of $304.52 million during the quarter, compared to analyst estimates of $289.09 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company's revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the company earned $0.80 EPS.

Worthington Enterprises Trading Down 2.2 %

Shares of NYSE WOR traded down $1.16 during mid-day trading on Friday, reaching $50.44. The company had a trading volume of 644,640 shares, compared to its average volume of 293,140. Worthington Enterprises has a 52 week low of $37.88 and a 52 week high of $62.56. The business's 50-day moving average is $42.39 and its 200-day moving average is $41.49. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 60.77 and a beta of 1.21. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32.

Worthington Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.35%. Worthington Enterprises's dividend payout ratio is currently 57.63%.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WOR shares. Seaport Res Ptn upgraded shares of Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. Canaccord Genuity Group upped their price target on shares of Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Worthington Enterprises currently has an average rating of "Hold" and an average target price of $47.67.

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.