Worthington Industries Upgraded to Outperform by Zacks (WOR)
Worthington Industries (NYSE:WOR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, American Banking News reports. The firm currently has a $47.00 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 8.62% from the company’s current price.
A number of other analysts have also recently weighed in on WOR. Analysts at Jefferies Group raised their price target on shares of Worthington Industries from $37.00 to $39.00 in a research note to investors on Friday, December 20th. Separately, analysts at KeyCorp downgraded shares of Worthington Industries from a “buy” rating to a “hold” rating in a research note to investors on Thursday, December 19th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $39.00.
Shares of Worthington Industries (NYSE:WOR) traded down 0.32% on Tuesday, hitting $43.13. The stock had a trading volume of 157,308 shares. Worthington Industries has a one year low of $27.00 and a one year high of $48.58. The stock has a 50-day moving average of $42.06 and a 200-day moving average of $37.95. The company has a market cap of $3.037 billion and a price-to-earnings ratio of 21.12.
Worthington Industries (NYSE:WOR) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.22. The company had revenue of $769.90 million for the quarter, compared to the consensus estimate of $694.26 million. During the same quarter last year, the company posted $0.45 earnings per share. Worthington Industries’s revenue was up 23.7% compared to the same quarter last year. Analysts expect that Worthington Industries will post $2.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of 0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Wednesday, March 12th.
Worthington Industries, Inc (NYSE:WOR) is a diversified metals processing company, focused on steel processing and manufactured metal products.
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