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

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

Worthington Enterprises Price Performance

Shares of WOR traded up $0.56 during trading hours on Thursday, reaching $43.30. 16,809 shares of the company traded hands, compared to its average volume of 286,751. The company has a quick ratio of 2.86, a current ratio of 3.78 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2.17 billion, a PE ratio of 19.34 and a beta of 1.25. Worthington Enterprises has a fifty-two week low of $36.29 and a fifty-two week high of $69.96. The stock has a fifty day simple moving average of $45.69 and a 200 day simple moving average of $52.40.

Wall Street Analyst Weigh In

Several research firms have issued reports on WOR. The Goldman Sachs Group cut their price objective 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. Canaccord Genuity Group dropped their price target on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday. StockNews.com upgraded Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Canaccord Genuity Group dropped their price target on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, Worthington Enterprises has a consensus rating of “Hold” and an average target price of $45.00.

About Worthington Enterprises

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.