Worthington Industries Inc. (NYSE: WOR) has reported earnings for its third fiscal quarter (ending February 28) of $0.45 versus $0.61 for the same period a year ago. E.P.S. were $4.03 for the latest four quarters through February 28 versus $3.21 for the same period a year ago.
Recent Price Action
Worthington Industries Inc. (NYSE: WOR) stock increased 1.3% on 3/20/24. The shares closed at $63.70. NORMAL trading volume accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 1.3% during the last week.
Current PriceTarget Research Rating
WOR is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Worthington Industries has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Worthington Industries has a neutral Appreciation Score of 59 and a neutral Power Rating of 46, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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