Worthington Enterprises (NYSE:WOR) Releases Earnings Results

Worthington Enterprises (NYSE:WOR) issued its earnings results on Tuesday. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07, FiscalAI reports. Worthington Enterprises had a return on equity of 16.79% and a net margin of 11.30%.The business had revenue of $343.89 million during the quarter, compared to the consensus estimate of $331.26 million. During the same period last year, the company earned $0.74 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis.

Here are the key takeaways from Worthington Enterprises’ conference call:

• More than 90% of outstanding shares were represented at the annual meeting, indicating strong shareholder participation.
• Shareholders re-elected directors Charles Chiappone, Brad Southern, and Brant Standridge, each for a three-year term ending at the 2029 annual meeting.
• Shareholders approved the advisory vote on the company’s executive compensation, supporting management’s disclosed compensation practices.
• Shareholders ratified KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending May 31, 2027.

Worthington Enterprises Price Performance

WOR stock opened at $59.11 on Wednesday. The business’s fifty day moving average price is $57.56 and its 200 day moving average price is $55.47. Worthington Enterprises has a 12-month low of $45.01 and a 12-month high of $63.13. The company has a current ratio of 2.37, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $2.89 billion, a PE ratio of 18.82 and a beta of 1.30.

Worthington Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, December 15th. Worthington Enterprises’s payout ratio is currently 25.48%.

Worthington Enterprises News Roundup

Here are the key news stories impacting Worthington Enterprises this week:

• Positive Sentiment: Quarterly earnings and revenue exceeded expectations. Worthington reported fiscal Q1 EPS of $0.82, ahead of the $0.74-$0.75 analyst consensus, while revenue increased 13.2% year over year to $343.89 million versus estimates of $331.26 million. EPS also rose from $0.74 in the prior-year quarter. Worthington Enterprises Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Profitability remained solid. The company reported an 11.30% net margin and 16.79% return on equity, supporting the view that stronger sales are translating into healthy earnings. Worthington Shares Surge on Higher Sales, Profit
• Positive Sentiment: Shareholder return was maintained. Worthington declared a quarterly dividend of $0.20 per share, payable December 29 to investors of record December 15. The annualized payout is $0.80 per share, representing an indicated yield of approximately 1.4%. Worthington Enterprises Declares Quarterly Dividend
• Neutral Sentiment: Management also recognized three retiring directors. The governance announcement is unlikely to be a major near-term stock catalyst compared with the earnings results.

Insiders Place Their Bets

In other news, major shareholder John McConnell sold 41,704 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $55.85, for a total transaction of $2,329,168.40. Following the sale, the insider owned 1,335,648 shares of the company’s stock, valued at approximately $74,595,940.80. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WOR has been the topic of a number of analyst reports. Canaccord Genuity Group reduced their target price on shares of Worthington Enterprises from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Wall Street Zen downgraded shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Worthington Enterprises currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

About Worthington Enterprises

Worthington Enterprises, Inc (NYSE: WOR) is a diversified manufacturer and branded products company focused primarily on consumer and building-product markets. The company develops, manufactures and markets products used by consumers, contractors and other professional customers.

Its consumer products activities include outdoor living, lawn and garden, tools and related products. Its portfolio has included brands such as Bernzomatic, Balloon Time, Mag-Torch and General Tools, although its product portfolio may change as the company manages its businesses and brands.

Worthington Enterprises also participates in the building-products industry, supplying products used in commercial and residential construction.