Equities analysts expect Worthington Industries, Inc. (NYSE:WOR) to announce earnings of $0.71 per share for the current quarter, Zacks reports. Three analysts have made estimates for Worthington Industries’ earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.64. Worthington Industries reported earnings per share of $0.65 in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.2%. The business is expected to issue its next quarterly earnings report before the market opens on Tuesday, December 18th.
On average, analysts expect that Worthington Industries will report full-year earnings of $3.19 per share for the current year, with EPS estimates ranging from $2.95 to $3.39. For the next year, analysts anticipate that the firm will post earnings of $3.33 per share, with EPS estimates ranging from $3.05 to $3.53. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Worthington Industries.
Worthington Industries (NYSE:WOR) last released its earnings results on Wednesday, September 26th. The industrial products company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.10). The company had revenue of $988.10 million for the quarter, compared to analyst estimates of $1.03 billion. Worthington Industries had a net margin of 5.49% and a return on equity of 18.42%. Worthington Industries’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 earnings per share.
Several hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. raised its stake in shares of Worthington Industries by 23.2% in the 3rd quarter. Macquarie Group Ltd. now owns 1,419,669 shares of the industrial products company’s stock valued at $61,557,000 after buying an additional 267,797 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Worthington Industries by 1,435.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 150,625 shares of the industrial products company’s stock valued at $6,531,000 after buying an additional 140,815 shares in the last quarter. MetLife Investment Advisors LLC raised its stake in shares of Worthington Industries by 18.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 55,155 shares of the industrial products company’s stock valued at $2,392,000 after buying an additional 8,581 shares in the last quarter. Vident Investment Advisory LLC raised its stake in shares of Worthington Industries by 33.1% in the 3rd quarter. Vident Investment Advisory LLC now owns 6,544 shares of the industrial products company’s stock valued at $284,000 after buying an additional 1,627 shares in the last quarter. Finally, Crestline Management LP raised its stake in shares of Worthington Industries by 404.1% in the 3rd quarter. Crestline Management LP now owns 77,140 shares of the industrial products company’s stock valued at $3,345,000 after buying an additional 61,838 shares in the last quarter. Institutional investors own 50.89% of the company’s stock.
NYSE:WOR traded down $1.23 during trading hours on Friday, hitting $38.29. 346,834 shares of the company traded hands, compared to its average volume of 195,089. The stock has a market cap of $2.27 billion, a P/E ratio of 13.30 and a beta of 0.83. Worthington Industries has a twelve month low of $38.18 and a twelve month high of $49.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.98 and a quick ratio of 1.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, December 13th. Worthington Industries’s dividend payout ratio is 31.94%.
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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