Equities research analysts expect Worthington Industries, Inc. (NYSE:WOR) to report earnings of $0.58 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Worthington Industries’ earnings, with estimates ranging from $0.52 to $0.62. Worthington Industries also posted earnings of $0.58 per share during the same quarter last year. The firm is expected to report its next earnings report on Tuesday, December 17th.
On average, analysts expect that Worthington Industries will report full year earnings of $2.72 per share for the current year, with EPS estimates ranging from $2.48 to $2.95. For the next year, analysts expect that the company will post earnings of $3.30 per share, with EPS estimates ranging from $2.70 to $3.89. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Worthington Industries.
Worthington Industries (NYSE:WOR) last announced its quarterly earnings results on Wednesday, September 25th. The industrial products company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.10). Worthington Industries had a net margin of 2.58% and a return on equity of 15.28%. The company had revenue of $855.86 million for the quarter, compared to analyst estimates of $924.00 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. Worthington Industries’s revenue was down 13.4% on a year-over-year basis.
Several research firms have recently commented on WOR. ValuEngine raised shares of Worthington Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. TheStreet lowered shares of Worthington Industries from a “b-” rating to a “c” rating in a research note on Wednesday, September 25th. Finally, Zacks Investment Research reissued a “sell” rating on shares of Worthington Industries in a research note on Saturday, September 28th.
In other news, insider Jeffrey R. Klingler sold 961 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $38.46, for a total value of $36,960.06. Following the completion of the transaction, the insider now owns 5,307 shares of the company’s stock, valued at $204,107.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 34.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. First Mercantile Trust Co. lifted its stake in Worthington Industries by 11.6% in the third quarter. First Mercantile Trust Co. now owns 2,961 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 308 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Worthington Industries by 17.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,581 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 392 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Worthington Industries by 6.3% in the second quarter. Janney Montgomery Scott LLC now owns 8,485 shares of the industrial products company’s stock worth $342,000 after acquiring an additional 506 shares during the last quarter. Smith Graham & Co. Investment Advisors LP lifted its stake in Worthington Industries by 0.5% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 155,573 shares of the industrial products company’s stock worth $5,608,000 after acquiring an additional 830 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Worthington Industries in the second quarter worth approximately $36,000. Institutional investors own 45.77% of the company’s stock.
Shares of NYSE WOR traded down $0.04 during midday trading on Friday, hitting $38.95. The company’s stock had a trading volume of 100,041 shares, compared to its average volume of 225,601. The business’s fifty day simple moving average is $36.33 and its two-hundred day simple moving average is $37.34. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.13 and a quick ratio of 1.26. Worthington Industries has a 1 year low of $31.42 and a 1 year high of $43.52. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.06 and a beta of 1.16.
The firm also recently disclosed a — dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.24 dividend. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 12th. Worthington Industries’s payout ratio is 34.66%.
About Worthington Industries
Worthington Industries, Inc, a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Austria, Canada, Mexico, Poland, Portugal, and Turkey. The company operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Worthington Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Industries and related companies with MarketBeat.com's FREE daily email newsletter.