Somewhat Positive Press Coverage Extremely Likely to Impact Worthington Industries (WOR) Stock Price
News articles about Worthington Industries (NYSE:WOR) have been trending somewhat positive this week, AlphaOne reports. The research group, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Worthington Industries earned a news sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also assigned media stories about the industrial products company an impact score of 94 out of 100, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have effected Alpha One Sentiment’s scoring:
- Worthington Industries, Inc. (WOR) Expected to Post Earnings of $0.83 Per Share (americanbankingnews.com)
- Trading Watch on Shares of Worthington Industries Inc (WOR) – Hayden Business Journal (haydenbusinessjournal.com)
- Are Analysts Bullish Worthington Industries, Inc. (NYSE:WOR) After Last Week? – Weekly Register (weeklyregister.com)
- Worthington Industries, Inc. : WOR-US: Dividend Analysis : June 15th, 2017 (record date) : By the numbers : June 15, 2017 (finance.yahoo.com)
- Worthington Industries, Inc. (WOR) Earns “Hold” Rating from Jefferies Group LLC (americanbankingnews.com)
Several brokerages have recently issued reports on WOR. Zacks Investment Research upgraded Worthington Industries from a “sell” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Wednesday, June 7th. Macquarie upgraded Worthington Industries from an “underperform” rating to a “neutral” rating in a research report on Tuesday, March 14th. Jefferies Group LLC upgraded Worthington Industries from an “underperform” rating to a “hold” rating and set a $45.00 price objective on the stock in a research report on Tuesday, April 4th. Finally, J P Morgan Chase & Co reduced their price objective on Worthington Industries from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, April 3rd.
Worthington Industries (NYSE WOR) traded down 0.16% during trading on Friday, reaching $43.72. The company had a trading volume of 653,936 shares. Worthington Industries has a 12 month low of $36.16 and a 12 month high of $62.44. The stock has a 50 day moving average price of $43.14 and a 200 day moving average price of $47.50. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 13.65 and a beta of 1.30.
Worthington Industries (NYSE:WOR) last issued its earnings results on Wednesday, March 29th. The industrial products company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.64 by $0.09. The business had revenue of $703.40 million for the quarter, compared to the consensus estimate of $717.26 million. Worthington Industries had a net margin of 7.16% and a return on equity of 21.27%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. On average, equities research analysts predict that Worthington Industries will post $3.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, June 13th. Worthington Industries’s dividend payout ratio is currently 25.64%.
Worthington Industries Company Profile
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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