Worthington Enterprises (NYSE:WOR) Announces Quarterly Earnings Results, Misses Expectations By $0.21 EPS

Worthington Enterprises (NYSE:WOR) released its earnings results on Tuesday. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.21), Briefing.com reports. The business had revenue of $257.31 million for the quarter, compared to analysts’ expectations of $296.05 million. Worthington Enterprises had a return on equity of 11.40% and a net margin of 1.96%. Worthington Enterprises’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 EPS.

Worthington Enterprises Stock Performance

NYSE:WOR opened at $42.74 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.86 and a current ratio of 3.78. The company has a 50 day moving average price of $45.69 and a 200 day moving average price of $52.40. Worthington Enterprises has a fifty-two week low of $36.29 and a fifty-two week high of $69.96. The stock has a market capitalization of $2.14 billion, a P/E ratio of 19.34 and a beta of 1.25.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WOR shares. Canaccord Genuity Group dropped their price target on Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating for the company in a research report on Thursday, June 27th. StockNews.com upgraded Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their target price on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, Worthington Enterprises presently has a consensus rating of “Hold” and an average target price of $50.33.

Worthington Enterprises Company Profile

Worthington Enterprises, Inc operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors.