Analysts forecast that Worthington Industries, Inc. (NYSE:WOR) will announce earnings per share (EPS) of $0.77 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Worthington Industries’ earnings, with the highest EPS estimate coming in at $0.82 and the lowest estimate coming in at $0.71. Worthington Industries posted earnings of $0.95 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 18.9%. The business is expected to report its next quarterly earnings results on Wednesday, June 26th.
On average, analysts expect that Worthington Industries will report full-year earnings of $2.74 per share for the current year, with EPS estimates ranging from $2.70 to $2.78. For the next financial year, analysts expect that the business will report earnings of $3.25 per share, with EPS estimates ranging from $3.00 to $3.57. Zacks Investment Research’s EPS 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 data on Wednesday, March 20th. The industrial products company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.56 by $0.06. The firm had revenue of $874.38 million for the quarter, compared to analyst estimates of $927.32 million. Worthington Industries had a return on equity of 18.38% and a net margin of 3.81%.
In related news, Director Sidney A. Ribeau sold 9,750 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $40.41, for a total transaction of $393,997.50. Following the completion of the sale, the director now directly owns 52,369 shares in the company, valued at approximately $2,116,231.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark C. Davis sold 14,985 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $39.57, for a total value of $592,956.45. Following the sale, the director now owns 35,165 shares of the company’s stock, valued at $1,391,479.05. The disclosure for this sale can be found here. Corporate insiders own 33.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund lifted its holdings in Worthington Industries by 1.3% in the 1st quarter. Texas Permanent School Fund now owns 26,658 shares of the industrial products company’s stock worth $995,000 after buying an additional 330 shares during the period. Bank of Montreal Can lifted its holdings in Worthington Industries by 12.5% in the 4th quarter. Bank of Montreal Can now owns 3,250 shares of the industrial products company’s stock worth $113,000 after buying an additional 360 shares during the period. Wedge Capital Management L L P NC lifted its holdings in Worthington Industries by 5.8% in the 1st quarter. Wedge Capital Management L L P NC now owns 8,187 shares of the industrial products company’s stock worth $306,000 after buying an additional 451 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Worthington Industries by 5.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 15,351 shares of the industrial products company’s stock worth $535,000 after buying an additional 845 shares during the period. Finally, LSV Asset Management lifted its holdings in Worthington Industries by 1.7% in the 1st quarter. LSV Asset Management now owns 53,600 shares of the industrial products company’s stock worth $2,000,000 after buying an additional 900 shares during the period. Institutional investors own 50.04% of the company’s stock.
Shares of Worthington Industries stock traded down $0.77 during trading on Friday, hitting $36.85. 454 shares of the stock traded hands, compared to its average volume of 168,155. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $2.17 billion, a PE ratio of 12.83 and a beta of 1.02. Worthington Industries has a 52 week low of $31.42 and a 52 week high of $49.65.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, June 13th. Worthington Industries’s dividend payout ratio is presently 31.94%.
Worthington Industries Company Profile
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.
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