Worthington Industries (WOR) Receives Daily Media Sentiment Rating of 0.04
Media headlines about Worthington Industries (NYSE:WOR) have trended somewhat positive recently, according to AlphaOne Sentiment Analysis. The research firm, a division of Accern, identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Worthington Industries earned a coverage optimism score of 0.04 on AlphaOne’s scale. AlphaOne also gave press coverage about the industrial products company an impact score of 78 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Alpha One Sentiment Analysis’s rankings:
- The Study Highlights Trends & Opportunities in the Hydrogen Storage Market, 2017 – 2025 (openpr.com)
- Worthington Industries (WOR) Getting Very Favorable News Coverage, Report Shows (americanbankingnews.com)
- Analysts Anticipate Worthington Industries, Inc. (WOR) Will Announce Quarterly Sales of $786.1 Million (americanbankingnews.com)
- Cheapskate Portfolio edges out the S&P 500 (pilotonline.com)
- Brokerages Expect Worthington Industries, Inc. (WOR) to Post $0.83 Earnings Per Share (americanbankingnews.com)
Worthington Industries (NYSE:WOR) traded down 2.52% on Wednesday, hitting $42.55. 121,178 shares of the company’s stock traded hands. The stock has a market cap of $2.71 billion, a PE ratio of 13.28 and a beta of 1.29. Worthington Industries has a one year low of $34.21 and a one year high of $62.44. The stock has a 50-day moving average of $45.79 and a 200-day moving average of $49.55.
Worthington Industries (NYSE:WOR) last posted its quarterly earnings results on Wednesday, March 29th. The industrial products company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.09. The business had revenue of $703.40 million for the quarter, compared to analyst estimates of $717.26 million. Worthington Industries had a return on equity of 21.45% and a net margin of 7.08%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, equities analysts forecast that Worthington Industries will post $3.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.83%. Worthington Industries’s payout ratio is presently 25.64%.
WOR has been the subject of several research reports. Zacks Investment Research raised shares of Worthington Industries from a “sell” rating to a “hold” rating in a report on Tuesday, April 4th. Jefferies Group LLC reissued a “sell” rating and set a $45.00 price objective on shares of Worthington Industries in a report on Wednesday, March 29th. JPMorgan Chase & Co. dropped their price objective on shares of Worthington Industries from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, April 3rd. Finally, Macquarie raised shares of Worthington Industries from an “underperform” rating to a “neutral” rating in a report on Tuesday, March 14th.
About Worthington Industries
Worthington Industries, Inc is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.
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