News articles about Worthington Industries (NYSE:WOR) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Worthington Industries earned a daily sentiment score of 0.01 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 44.9327682902465 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
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SSAB Svenskt Stal (SSAAY) versus Worthington Industries (WOR) Financial Review (americanbankingnews.com) Head-To-Head Analysis: Worthington Industries (WOR) and SSAB Svenskt Stal (SSAAY) (americanbankingnews.com) Head-To-Head Survey: Worthington Industries (WOR) & China Gerui Adv Mtals Grp (CHOPF) (americanbankingnews.com) Worthington Industries (WOR) and China Gerui Adv Mtals Grp (CHOPF) Financial Contrast (americanbankingnews.com) ValuEngine Downgrades Worthington Industries (WOR) to Hold (americanbankingnews.com)
Several brokerages have weighed in on WOR. ValuEngine downgraded Worthington Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Jefferies Group reaffirmed a “hold” rating and set a $45.00 price target on shares of Worthington Industries in a research report on Friday, March 30th. Finally, Zacks Investment Research downgraded Worthington Industries from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 7th.
WOR stock opened at $45.18 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.29 and a current ratio of 2.05. Worthington Industries has a 52-week low of $39.52 and a 52-week high of $53.27. The stock has a market cap of $2.73 billion, a PE ratio of 14.03, a PEG ratio of 3.50 and a beta of 1.08.
Worthington Industries (NYSE:WOR) last posted its earnings results on Thursday, March 29th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.14). Worthington Industries had a return on equity of 17.05% and a net margin of 6.47%. The firm had revenue of $841.66 million for the quarter, compared to analysts’ expectations of $863.50 million. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s revenue was up 19.6% compared to the same quarter last year. sell-side analysts forecast that Worthington Industries will post 3.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, June 14th. Worthington Industries’s payout ratio is currently 26.09%.
In other news, insider John G. Lamprinakos sold 7,500 shares of the stock in a transaction dated Monday, April 23rd. The shares were sold at an average price of $45.83, for a total transaction of $343,725.00. Following the sale, the insider now directly owns 70,751 shares of the company’s stock, valued at approximately $3,242,518.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Catherine M. Lyttle sold 34,500 shares of the stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $40.65, for a total transaction of $1,402,425.00. Following the sale, the vice president now directly owns 32,059 shares in the company, valued at $1,303,198.35. The disclosure for this sale can be found here. Corporate insiders own 31.30% of the company’s stock.
About Worthington Industries
Worthington Industries, Inc, a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Austria, Canada, Mexico, Poland, Portugal, and Turkey. The company operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs.