Alert: New Earnings Report (12/19/23)-Worthington Industries Inc. (NYSE: WOR).


Worthington Industries Inc. (NYSE: WOR) has reported earnings for its second fiscal quarter (ending November 30) of $0.49 versus $0.33 for the same period a year ago — an increase of 48%. For the latest four quarters through November 30, E.P.S. were $6.08 compared to $4.44 a year ago — an increase of 37%.

Recent Price Action

Worthington Industries Inc. (NYSE: WOR) stock enjoyed a large increase of 3.5% on 12/19/23. The stock closed at $58.51. Trading volume in this advance was normal. The stock has been strong relative to the market over the last nine months and has risen 12.4% during the last week.

Current PriceTarget Research Rating

WOR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

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 Power Rating of 53 and a neutral Appreciation Score of 58, resulting in 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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