Worthington Industries, Inc. Announces Quarterly Dividend of $0.18 (WOR)
Worthington Industries (NYSE:WOR) announced a quarterly dividend on Wednesday, June 25th, Analyst Ratings News reports. Investors of record on Monday, September 15th will be paid a dividend of 0.18 per share on Monday, September 29th. This represents a $0.72 annualized dividend and a dividend yield of 1.67%.
A number of research firms have recently commented on WOR. Analysts at Credit Suisse upgraded shares of Worthington Industries from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 22nd. On a related note, analysts at Ned Davis Research upgraded shares of Worthington Industries from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at KeyCorp upgraded shares of Worthington Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. They now have a $46.00 price target on the stock. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a buy rating, Worthington Industries has an average rating of “Buy” and a consensus price target of $43.75.
Shares of Worthington Industries (NYSE:WOR) traded up 2.08% on Wednesday, hitting $43.23. 349,167 shares of the company’s stock traded hands. Worthington Industries has a 52-week low of $30.27 and a 52-week high of $48.58. The stock’s 50-day moving average is $40.05 and its 200-day moving average is $39.98. The company has a market cap of $3.000 billion and a price-to-earnings ratio of 20.27.
Worthington Industries (NYSE:WOR) last posted its quarterly earnings results on Thursday, March 27th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.04. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $760.73 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. On average, analysts predict that Worthington Industries will post $2.39 earnings per share for the current fiscal year.
Worthington Industries, Inc (NYSE:WOR) is a diversified metals processing company, focused on steel processing and manufactured metal products.
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