Worthington Industries (WOR) Earning Somewhat Positive Media Coverage, Analysis Finds
Media stories about Worthington Industries (NYSE:WOR) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Worthington Industries earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 49.0816506073426 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Worthington Industries (NYSE WOR) opened at $48.11 on Friday. Worthington Industries has a twelve month low of $39.52 and a twelve month high of $53.27. The firm has a market capitalization of $2,950.00, a price-to-earnings ratio of 17.56, a P/E/G ratio of 3.60 and a beta of 1.11. The company has a current ratio of 2.11, a quick ratio of 1.32 and a debt-to-equity ratio of 0.74.
Worthington Industries (NYSE:WOR) last released its quarterly earnings results on Tuesday, December 19th. The industrial products company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). Worthington Industries had a net margin of 5.43% and a return on equity of 17.07%. The company had revenue of $871.30 million for the quarter, compared to analysts’ expectations of $823.50 million. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis. equities analysts forecast that Worthington Industries will post 3.02 earnings per share for the current fiscal year.
Worthington Industries announced that its board has authorized a stock buyback plan on Wednesday, September 27th that authorizes the company to buyback 6,830,000 outstanding shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
Several analysts recently weighed in on WOR shares. Zacks Investment Research lowered Worthington Industries from a “hold” rating to a “sell” rating in a report on Saturday, September 30th. ValuEngine lowered Worthington Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $46.50.
In other Worthington Industries news, insider John G. Lamprinakos sold 7,500 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $44.96, for a total value of $337,200.00. Following the transaction, the insider now owns 70,751 shares of the company’s stock, valued at approximately $3,180,964.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Karmanos sold 45,376 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $45.77, for a total value of $2,076,859.52. Following the completion of the transaction, the director now directly owns 85,840 shares in the company, valued at approximately $3,928,896.80. The disclosure for this sale can be found here. Insiders have sold a total of 72,876 shares of company stock worth $3,290,460 in the last 90 days. 31.30% of the stock is currently owned by insiders.
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.
Receive News & Ratings for Worthington Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Industries and related companies with MarketBeat.com's FREE daily email newsletter.