News articles about Worthington Industries (NYSE:WOR) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Worthington Industries earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 47.1086313123768 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Several research firms recently issued reports on WOR. ValuEngine raised shares of Worthington Industries from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research cut shares of Worthington Industries from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $45.00 price target on shares of Worthington Industries in a report on Friday, March 30th.
WOR opened at $40.79 on Monday. The firm has a market capitalization of $2,512.38, a P/E ratio of 12.67, a P/E/G ratio of 3.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.29 and a current ratio of 2.05. Worthington Industries has a 12-month low of $39.52 and a 12-month high of $53.27.
Worthington Industries (NYSE:WOR) last posted its quarterly earnings results on Thursday, March 29th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.14). The company had revenue of $841.66 million during the quarter, compared to analyst estimates of $863.50 million. Worthington Industries had a net margin of 6.47% and a return on equity of 17.05%. The company’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. equities research analysts anticipate that Worthington Industries will post 3.02 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.84 annualized dividend and a yield of 2.06%. Worthington Industries’s dividend payout ratio is presently 26.09%.
In other Worthington Industries news, VP Catherine M. Lyttle sold 34,500 shares of the business’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $40.65, for a total transaction of $1,402,425.00. Following the completion of the sale, the vice president now owns 32,059 shares in the company, valued at $1,303,198.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Endres bought 3,000 shares of the stock in a transaction on Wednesday, April 4th. The shares were acquired at an average price of $39.78 per share, with a total value of $119,340.00. Following the purchase, the director now owns 187,440 shares of the company’s stock, valued at $7,456,363.20. The disclosure for this purchase can be found here. 31.30% of the stock is owned by insiders.
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About Worthington Industries
Worthington Industries, Inc is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.
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