Worthington Industries (WOR) Receives Daily Media Sentiment Score of 0.14
News headlines about Worthington Industries (NYSE:WOR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Worthington Industries earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.9746352241026 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- Ex-Dividend Reminder: Global Payments, Worthington Industries and Methanex (nasdaq.com)
- Worthington Industries, Inc. (WOR) Expected to Post Earnings of $0.69 Per Share (americanbankingnews.com)
- Worthington Industries (WOR) Scheduled to Post Quarterly Earnings on Monday (americanbankingnews.com)
- Worthington Industries, Inc. (WOR) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
Several research analysts recently weighed in on the company. Zacks Investment Research raised Worthington Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. ValuEngine lowered Worthington Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $46.50.
Shares of Worthington Industries (WOR) traded up $0.34 during midday trading on Wednesday, reaching $42.75. The company had a trading volume of 265,043 shares, compared to its average volume of 448,076. Worthington Industries has a 52-week low of $39.52 and a 52-week high of $56.64. The firm has a market cap of $2,682.55, a P/E ratio of 14.69, a P/E/G ratio of 3.28 and a beta of 1.10. The company has a current ratio of 2.14, a quick ratio of 1.36 and a debt-to-equity ratio of 0.71.
Worthington Industries (NYSE:WOR) last announced its quarterly earnings results on Wednesday, September 27th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). Worthington Industries had a net margin of 5.90% and a return on equity of 17.98%. The company had revenue of $848.24 million during the quarter, compared to analyst estimates of $854.20 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. equities analysts predict that Worthington Industries will post 3.1 earnings per share for the current fiscal year.
Worthington Industries announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 27th that authorizes the company to repurchase 6,830,000 shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.21 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.84 annualized dividend and a yield of 1.96%. Worthington Industries’s dividend payout ratio is currently 29.58%.
In related news, insider John G. Lamprinakos sold 7,500 shares of the 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 completion of the sale, the insider now directly owns 70,751 shares in the company, valued at approximately $3,180,964.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Karmanos sold 45,376 shares of the 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 sale, the director now owns 85,840 shares of the company’s stock, valued at $3,928,896.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,876 shares of company stock valued at $3,290,460. 31.30% of the stock is owned by insiders.
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About Worthington Industries
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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