Wall Street brokerages expect that Worthington Industries, Inc. (NYSE:WOR) will announce earnings of $0.77 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Worthington Industries’ earnings. The highest EPS estimate is $0.82 and the lowest is $0.71. Worthington Industries reported earnings of $0.95 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 18.9%. The company is scheduled to report its next 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 financial year, with EPS estimates ranging from $2.70 to $2.78. For the next year, analysts expect that the business will post earnings of $3.25 per share, with EPS estimates ranging from $3.00 to $3.57. Zacks’ EPS calculations are an average based on a survey of analysts that follow Worthington Industries.
Worthington Industries (NYSE:WOR) last released its earnings results on Wednesday, March 20th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. Worthington Industries had a net margin of 3.81% and a return on equity of 18.38%. The firm had revenue of $874.38 million during the quarter, compared to the consensus estimate of $927.32 million.
In other Worthington Industries news, Director Sidney A. Ribeau sold 9,750 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were 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 $2,116,231.29. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 33.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WOR. FMR LLC grew its stake in Worthington Industries by 1.3% during the third quarter. FMR LLC now owns 226,514 shares of the industrial products company’s stock worth $9,822,000 after buying an additional 2,867 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Worthington Industries by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 844,972 shares of the industrial products company’s stock worth $36,637,000 after purchasing an additional 14,203 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of Worthington Industries by 35.6% during the third quarter. Riverhead Capital Management LLC now owns 8,753 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 2,300 shares in the last quarter. Jefferies Group LLC acquired a new position in shares of Worthington Industries during the third quarter worth $247,000. Finally, Jane Street Group LLC acquired a new position in shares of Worthington Industries during the third quarter worth $222,000. Institutional investors own 49.73% of the company’s stock.
Worthington Industries stock traded down $0.16 during trading on Friday, reaching $40.40. The company had a trading volume of 187,237 shares, compared to its average volume of 228,587. Worthington Industries has a 12-month low of $31.42 and a 12-month high of $49.65. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 14.03 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.27 and a current ratio of 2.13.
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 $0.23 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.92 dividend on an annualized basis and a yield of 2.28%. Worthington Industries’s payout ratio is 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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