Worthington Enterprises (NYSE:WOR) Issues Earnings Results, Beats Estimates By $0.07 EPS

Worthington Enterprises (NYSE:WOR) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.75 by $0.07, FiscalAI reports. The firm had revenue of $343.89 million during the quarter, compared to analyst estimates of $331.26 million. Worthington Enterprises had a net margin of 11.30% and a return on equity of 16.79%.

Here are the key takeaways from Worthington Enterprises’ conference call:

• More than 90% of outstanding shares were represented at the annual meeting, indicating strong shareholder participation.
• Shareholders re-elected directors Charles Chiappone, Brad Southern, and Brant Standridge, each for a three-year term ending at the 2029 annual meeting.
• Shareholders approved the advisory vote on the company’s executive compensation, supporting management’s disclosed compensation practices.
• Shareholders ratified KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending May 31, 2027.

Worthington Enterprises Stock Performance

Shares of NYSE:WOR traded up $0.96 during trading on Tuesday, reaching $59.11. 402,868 shares of the stock were exchanged, compared to its average volume of 233,212. The company has a current ratio of 2.37, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.89 billion, a PE ratio of 18.82 and a beta of 1.30. The stock has a 50-day moving average price of $57.48 and a 200-day moving average price of $55.43. Worthington Enterprises has a 12 month low of $45.01 and a 12 month high of $63.13.

Insider Activity at Worthington Enterprises

In other Worthington Enterprises news, major shareholder John McConnell sold 17,625 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $53.04, for a total transaction of $934,830.00. Following the completion of the sale, the insider directly owned 1,335,648 shares of the company’s stock, valued at approximately $70,842,769.92. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WOR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a research report on Friday, July 17th. Canaccord Genuity Group cut their price target on Worthington Enterprises from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Finally, Wall Street Zen cut shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $65.50.

Worthington Enterprises Company Profile

Worthington Enterprises, Inc (NYSE: WOR) is a diversified manufacturer and branded products company focused primarily on consumer and building-product markets. The company develops, manufactures and markets products used by consumers, contractors and other professional customers.

Its consumer products activities include outdoor living, lawn and garden, tools and related products. Its portfolio has included brands such as Bernzomatic, Balloon Time, Mag-Torch and General Tools, although its product portfolio may change as the company manages its businesses and brands.

Worthington Enterprises also participates in the building-products industry, supplying products used in commercial and residential construction.