Worthington Enterprises (WOR) Set to Announce Quarterly Earnings on Tuesday

Worthington Enterprises (NYSE:WOR) will issue its quarterly earnings data 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 released 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 business’s revenue was down 13.6% on a year-over-year basis. During the same period last year, the business earned $2.74 earnings per share.

Worthington Enterprises Stock Down 1.4 %

Shares of NYSE:WOR opened at $45.88 on Friday. The firm has a 50 day simple moving average of $45.97 and a 200 day simple moving average of $52.81. Worthington Enterprises has a 52 week low of $36.29 and a 52 week high of $69.96. 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 company has a market cap of $2.30 billion, a PE ratio of 20.76 and a beta of 1.25.

Worthington Enterprises Increases Dividend

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

Analyst Upgrades and Downgrades

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