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

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

Worthington Enterprises Price Performance

NYSE:WOR traded down $1.11 during trading hours on Thursday, reaching $41.63. 100,415 shares of the company traded hands, compared to its average volume of 287,175. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.86. The firm’s 50-day moving average is $45.69 and its 200-day moving average is $52.40. The stock has a market cap of $2.09 billion, a P/E ratio of 19.34 and a beta of 1.25. Worthington Enterprises has a 1-year low of $36.29 and a 1-year high of $69.96.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com raised Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity Group decreased their target price on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday. The Goldman Sachs Group dropped their price target on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a research report on Tuesday, July 2nd. Finally, Canaccord Genuity Group cut their price target on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.00.

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.