Equities research analysts forecast that Worthington Industries, Inc. (NYSE:WOR) will report earnings per share of $0.76 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Worthington Industries’ earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.73. Worthington Industries reported earnings per share of $0.55 during the same quarter last year, which suggests a positive year-over-year growth rate of 38.2%. The company is expected to announce its next quarterly earnings report on Wednesday, April 4th.
On average, analysts expect that Worthington Industries will report full-year earnings of $3.08 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.15. For the next year, analysts anticipate that the company will post earnings of $3.54 per share, with EPS estimates ranging from $3.30 to $3.70. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Worthington Industries.
Worthington Industries (NYSE:WOR) last issued its quarterly earnings data on Tuesday, December 19th. The industrial products company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). Worthington Industries had a return on equity of 17.07% and a net margin of 5.43%. The company had revenue of $871.30 million during the quarter, compared to analysts’ expectations of $823.50 million. During the same quarter last year, the business earned $0.75 earnings per share. The business’s quarterly revenue was up 19.7% on a year-over-year basis.
In related news, Director Peter Karmanos sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $43.82, for a total transaction of $876,400.00. Following the completion of the sale, the director now owns 65,840 shares of the company’s stock, valued at $2,885,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dale T. Brinkman sold 6,874 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $48.32, for a total transaction of $332,151.68. Following the sale, the vice president now directly owns 35,992 shares of the company’s stock, valued at approximately $1,739,133.44. The disclosure for this sale can be found here. 31.30% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of WOR. DekaBank Deutsche Girozentrale lifted its stake in shares of Worthington Industries by 78.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,675 shares of the industrial products company’s stock valued at $134,000 after buying an additional 1,175 shares in the last quarter. Salem Investment Counselors Inc. lifted its stake in shares of Worthington Industries by 166.7% during the 3rd quarter. Salem Investment Counselors Inc. now owns 2,699 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,687 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Worthington Industries during the 2nd quarter valued at $212,000. Flinton Capital Management LLC lifted its stake in shares of Worthington Industries by 57.3% during the 2nd quarter. Flinton Capital Management LLC now owns 4,386 shares of the industrial products company’s stock valued at $220,000 after buying an additional 1,598 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Worthington Industries during the 3rd quarter valued at $235,000. Institutional investors and hedge funds own 51.73% of the company’s stock.
Shares of Worthington Industries (NYSE:WOR) traded down $0.54 on Wednesday, reaching $46.76. 334,532 shares of the company’s stock traded hands, compared to its average volume of 398,573. The company has a quick ratio of 1.32, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. Worthington Industries has a twelve month low of $39.52 and a twelve month high of $53.27. The stock has a market capitalization of $3,029.12, a price-to-earnings ratio of 17.07, a PEG ratio of 3.81 and a beta of 1.11.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Wednesday, March 14th. Worthington Industries’s dividend payout ratio is 30.66%.
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Worthington Industries Company Profile
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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