Worthington Industries (WOR) Earns Daily News Impact Rating of 0.12
News stories about Worthington Industries (NYSE:WOR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Worthington Industries earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.6978682795846 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- WORTHINGTON INDUSTRIES, INC. : ex-dividend day (4-traders.com)
- Worthington Industries, Inc. (WOR) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Practicing improv on the business stage: It’s not the same as winging it (bizjournals.com)
- Worthington Industries, Inc. (WOR) Ex-Dividend Date Scheduled for September 14 … (nasdaq.com)
- Worthington Industries, Inc. breached its 50 day moving average in a Bullish Manner : WOR-US : September 12, 2017 (finance.yahoo.com)
A number of equities analysts have weighed in on the stock. Jefferies Group LLC restated a “hold” rating and set a $45.00 price objective on shares of Worthington Industries in a research report on Wednesday, June 14th. BidaskClub cut shares of Worthington Industries from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research cut shares of Worthington Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 3rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $47.33.
Shares of Worthington Industries (NYSE:WOR) opened at 51.26 on Friday. The stock has a 50 day moving average of $49.98 and a 200-day moving average of $47.24. The firm has a market capitalization of $3.24 billion, a PE ratio of 16.27 and a beta of 1.16. Worthington Industries has a 12 month low of $40.11 and a 12 month high of $62.44.
Worthington Industries (NYSE:WOR) last released its quarterly earnings data on Wednesday, June 28th. The industrial products company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. Worthington Industries had a net margin of 6.79% and a return on equity of 20.29%. The business had revenue of $845.30 million for the quarter, compared to analyst estimates of $785.58 million. During the same period in the previous year, the firm earned $0.87 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, equities research analysts anticipate that Worthington Industries will post $3.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This is a positive change from Worthington Industries’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. Worthington Industries’s payout ratio is currently 25.32%.
In related news, Director Sidney A. Ribeau sold 5,000 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $50.34, for a total value of $251,700.00. Following the sale, the director now directly owns 42,519 shares in the company, valued at approximately $2,140,406.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Geoffrey G. Gilmore sold 32,500 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $50.85, for a total transaction of $1,652,625.00. Following the completion of the sale, the insider now owns 86,477 shares in the company, valued at $4,397,355.45. The disclosure for this sale can be found here. Insiders sold a total of 65,712 shares of company stock worth $3,300,819 over the last quarter. Insiders own 31.30% of the company’s stock.
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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