Worthington Industries (NYSE:WOR) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.95 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.09), Briefing.com reports. 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 for the quarter, compared to the consensus estimate of $935.50 million. During the same period in the previous year, the business posted $0.87 EPS. The business’s revenue for the quarter was up 20.7% on a year-over-year basis.
Shares of Worthington Industries opened at $46.16 on Thursday, Marketbeat Ratings reports. Worthington Industries has a one year low of $39.52 and a one year high of $53.27. The stock has a market cap of $2.91 billion, a PE ratio of 14.34, a P/E/G ratio of 3.32 and a beta of 1.08. The company has a current ratio of 2.05, a quick ratio of 1.29 and a debt-to-equity ratio of 0.72.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.23 per share. This is a boost from Worthington Industries’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 1.99%. Worthington Industries’s dividend payout ratio (DPR) is presently 26.09%.
In related news, insider John G. Lamprinakos sold 7,500 shares of the stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $45.83, for a total value of $343,725.00. Following the transaction, the insider now directly owns 70,751 shares of the company’s stock, valued at approximately $3,242,518.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Catherine M. Lyttle sold 34,500 shares of the stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $40.65, for a total value of $1,402,425.00. Following the completion of the transaction, the vice president now directly owns 32,059 shares in the company, valued at $1,303,198.35. The disclosure for this sale can be found here. Corporate insiders own 31.30% of the company’s stock.
WOR has been the topic of several research analyst reports. ValuEngine raised shares of Worthington Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. Jefferies Financial Group reaffirmed a “hold” rating and set a $45.00 price target on shares of Worthington Industries in a research report on Friday, March 30th. Finally, Zacks Investment Research cut shares of Worthington Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th.
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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