News stories about Worthington Industries (NYSE:WOR) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of 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 0.19 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.8154498021391 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
Worthington Industries stock opened at $46.16 on Thursday. Worthington Industries has a 52-week low of $39.52 and a 52-week high of $53.27. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.05 and a quick ratio of 1.29. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 3.32 and a beta of 1.08.
Worthington Industries (NYSE:WOR) last issued its earnings results on Wednesday, June 27th. The industrial products company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.09). Worthington Industries had a return on equity of 17.05% and a net margin of 6.47%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $935.50 million. During the same quarter in the previous year, the company earned $0.87 EPS. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. analysts forecast that Worthington Industries will post 3.04 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.23 dividend. This is an increase from Worthington Industries’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.99%. Worthington Industries’s dividend payout ratio is presently 26.09%.
WOR has been the subject of a number of research reports. Zacks Investment Research lowered shares of Worthington Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, April 7th. ValuEngine upgraded shares of Worthington Industries from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $45.00 price objective on shares of Worthington Industries in a report on Friday, March 30th.
In other Worthington Industries news, insider John G. Lamprinakos sold 7,500 shares of the stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $45.83, for a total transaction of $343,725.00. Following the transaction, the insider now owns 70,751 shares in the company, valued at $3,242,518.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Endres purchased 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, for a total transaction of $119,340.00. Following the transaction, the director now directly owns 187,440 shares of the company’s stock, valued at approximately $7,456,363.20. The disclosure for this purchase can be found here. 31.30% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for Worthington Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Industries and related companies with MarketBeat.com's FREE daily email newsletter.