Worthington Industries, Inc. (NYSE:WOR) has earned an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.50.
Separately, Zacks Investment Research upgraded Worthington Industries from a “sell” rating to a “hold” rating in a report on Saturday, December 23rd.
In related news, VP Dale T. Brinkman sold 6,874 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $48.32, for a total transaction of $332,151.68. Following the transaction, the vice president now owns 35,992 shares in the company, valued at approximately $1,739,133.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 31.30% of the stock is owned by insiders.
Worthington Industries (WOR) traded down $1.53 on Friday, hitting $44.24. The stock had a trading volume of 295,041 shares, compared to its average volume of 330,021. The stock has a market capitalization of $2,876.99, a P/E ratio of 16.62, a P/E/G ratio of 3.62 and a beta of 1.11. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.32 and a current ratio of 2.11. Worthington Industries has a 1 year low of $39.52 and a 1 year high of $53.27.
Worthington Industries (NYSE:WOR) last released its quarterly earnings data on Tuesday, December 19th. The industrial products company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The company had revenue of $871.30 million during the quarter, compared to analysts’ expectations of $823.50 million. Worthington Industries had a return on equity of 17.07% and a net margin of 5.43%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. analysts expect that Worthington Industries will post 3.08 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.90%. Worthington Industries’s dividend payout ratio is presently 30.66%.
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About Worthington Industries
Worthington Industries, Inc is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.
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