Worthington Industries (WOR) Set to Announce Quarterly Earnings on Wednesday

Worthington Industries (NYSE:WOR – Get Rating) will be posting its quarterly earnings results after the market closes on Wednesday, March 22nd. Analysts expect Worthington Industries to post earnings of $0.80 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Worthington Industries (NYSE:WOR – Get Rating) last posted its quarterly earnings data on Tuesday, December 20th. The industrial products company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.12). The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.19 billion. Worthington Industries had a net margin of 3.96% and a return on equity of 14.58%. On average, analysts expect Worthington Industries to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Worthington Industries Trading Up 2.3 %

WOR opened at $55.96 on Wednesday. The company has a current ratio of 2.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.78 billion, a PE ratio of 12.86 and a beta of 1.25. Worthington Industries has a 1-year low of $38.01 and a 1-year high of $63.10. The firm has a 50-day moving average price of $57.27 and a two-hundred day moving average price of $52.65.

Worthington Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, March 14th. Worthington Industries’s payout ratio is presently 28.51%.

Insider Buying and Selling at Worthington Industries

In other Worthington Industries news, CEO B Andrew Rose sold 18,229 shares of the firm’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $59.48, for a total value of $1,084,260.92. Following the completion of the sale, the chief executive officer now owns 503,839 shares in the company, valued at approximately $29,968,343.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO B Andrew Rose sold 18,229 shares of Worthington Industries stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $59.48, for a total transaction of $1,084,260.92. Following the completion of the sale, the chief executive officer now owns 503,839 shares in the company, valued at approximately $29,968,343.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eric M. Smolenski sold 2,000 shares of Worthington Industries stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $55.30, for a total transaction of $110,600.00. Following the sale, the insider now owns 93,413 shares of the company’s stock, valued at approximately $5,165,738.90. The disclosure for this sale can be found here. Corporate insiders own 39.20% of the company’s stock.

Institutional Investors Weigh In On Worthington Industries

Institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd grew its position in shares of Worthington Industries by 1,470.4% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,806 shares of the industrial products company’s stock worth $93,000 after buying an additional 1,691 shares during the period. Point72 Middle East FZE acquired a new position in Worthington Industries during the fourth quarter valued at approximately $120,000. Federated Hermes Inc. grew its holdings in Worthington Industries by 33.6% during the first quarter. Federated Hermes Inc. now owns 2,842 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 714 shares during the period. State of Wyoming grew its holdings in Worthington Industries by 53.8% during the fourth quarter. State of Wyoming now owns 3,069 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 1,074 shares during the period. Finally, HighTower Advisors LLC acquired a new position in Worthington Industries during the fourth quarter valued at approximately $202,000. Institutional investors and hedge funds own 45.30% of the company’s stock.

About Worthington Industries

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Worthington Industries, Inc engages in processing of value-added steel and manufacturing of metal products. It operates through the following segments: Steel Processing and Pressure Cylinders. The Steel Processing segment consists of Worthington Steel business unit and consolidated joint ventures, which operates steel business and its prices.