Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Worthington Industries (NYSE:WOR) Share Price
Headlines about Worthington Industries (NYSE:WOR) have trended somewhat positive on Sunday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Worthington Industries earned a news impact score of 0.17 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.7267347546138 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s scoring:
- Insider Trading at Worthington Industries Inc.? (campdesrecrues.com)
- Worthington Industries, Inc. (WOR) Downgraded by BidaskClub to Sell (americanbankingnews.com)
- Worthington Industries Inc (WOR) Technicals Take Center Stage – Financial News Review (finnewsreview.com)
- Fizzle or Sizzle? What’s Behind the Numbers For Worthington Industries Inc (WOR) – Evergreen Caller (evergreencaller.com)
- Zacks: Brokerages Anticipate Worthington Industries, Inc. (WOR) Will Post Quarterly Sales of $795.19 Million (americanbankingnews.com)
Shares of Worthington Industries (NYSE WOR) traded up 1.64% on Friday, reaching $50.07. The company’s stock had a trading volume of 257,265 shares. The stock has a market capitalization of $3.17 billion, a P/E ratio of 15.90 and a beta of 1.14. The company has a 50 day moving average of $49.16 and a 200 day moving average of $46.88. Worthington Industries has a 1-year low of $39.28 and a 1-year high of $62.44.
Worthington Industries (NYSE:WOR) last announced its quarterly earnings data on Wednesday, June 28th. The industrial products company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.04. Worthington Industries had a return on equity of 20.59% and a net margin of 6.78%. The firm had revenue of $845.30 million for the quarter, compared to analyst estimates of $785.58 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. Worthington Industries’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that Worthington Industries will post $3.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.68%. This is an increase from Worthington Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, September 12th.
A number of research analysts have recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and set a $45.00 target price on shares of Worthington Industries in a research report on Wednesday, June 14th. BidaskClub lowered Worthington Industries from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research lowered Worthington Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $47.33.
In other Worthington Industries news, Director Sidney A. Ribeau sold 5,000 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $50.34, for a total transaction of $251,700.00. Following the sale, the director now directly owns 42,519 shares in the company, valued at $2,140,406.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Geoffrey G. Gilmore sold 32,500 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $50.85, for a total value of $1,652,625.00. Following the sale, the insider now owns 86,477 shares in the company, valued at $4,397,355.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,712 shares of company stock worth $3,300,819. 32.00% of the stock is owned by company 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.
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