Worthington Industries (WOR) Announces Quarterly Earnings Results, Hits Estimates
Worthington Industries (NYSE:WOR) issued its quarterly earnings data on Thursday. The company reported $0.58 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.58, AnalystRatings.Net reports. The company had revenue of $692.30 million for the quarter, compared to the consensus estimate of $692.92 million. During the same quarter last year, the company posted $0.49 earnings per share. Worthington Industries’s revenue was up 3.9% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Worthington Industries (NYSE:WOR) from $30.00 to $33.00 in a research note to investors on Monday, September 16th. They now have a “hold” rating on the stock. Analysts at Credit Suisse initiated coverage on shares of Worthington Industries (NYSE:WOR) in a research note to investors on Monday, July 8th. They set a “neutral” rating on the stock. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Worthington Industries has an average rating of “Hold” and an average target price of $31.67.
Shares of Worthington Industries (NYSE:WOR) opened at 33.92 on Thursday. Worthington Industries has a 52-week low of $20.69 and a 52-week high of $36.95. The stock has a 50-day moving average of $34.4 and a 200-day moving average of $33.34. The company has a market cap of $2.359 billion and a price-to-earnings ratio of 18.05.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.74%.
Worthington Industries, Inc (NYSE:WOR) is a diversified metals processing company, focused on steel processing and manufactured metal products.
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