Seaport Res Ptn Has Pessimistic Outlook of WOR Q3 Earnings

Key Points

• Seaport Res Ptn has lowered its Q3 2026 earnings per share estimate for Worthington Enterprises from $1.01 to $1.00, indicating a cautious outlook for the company's performance.
• Worthington Enterprises reported its latest quarterly earnings with a net margin of 8.91% and a year-on-year revenue increase of 18.0%, surpassing analysts' estimates.
• The company also announced a quarterly dividend of $0.19 per share, set for payment on December 29, 2026, with an annualized yield of 1.4%.

Worthington Enterprises, Inc. (NYSE:WOR - Free Report) - Equities researchers at Seaport Res Ptn reduced their Q3 2026 earnings per share (EPS) estimates for shares of Worthington Enterprises in a note issued to investors on Thursday, September 25th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings of $1.00 per share for the quarter, down from their previous estimate of $1.01. The consensus estimate for Worthington Enterprises' current full-year earnings is $2.67 per share. Seaport Res Ptn also issued estimates for Worthington Enterprises' Q1 2027 earnings at $0.85 EPS, Q2 2027 earnings at $0.79 EPS, Q3 2027 earnings at $1.11 EPS and FY2027 earnings at $4.05 EPS.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings results on Tuesday, September 23rd. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.04. The company had revenue of $303.70 million for the quarter, compared to analyst estimates of $291.84 million. Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. The business's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share.

Several other equities research analysts also recently weighed in on WOR. CJS Securities upgraded Worthington Enterprises from a "market perform" rating to an "outperform" rating and set a $64.00 price target on the stock in a report on Wednesday. Zacks Research cut shares of Worthington Enterprises from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. Wall Street Zen upgraded shares of Worthington Enterprises from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 24th. Canaccord Genuity Group dropped their price objective on shares of Worthington Enterprises from $81.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group lifted their price objective on shares of Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Worthington Enterprises has an average rating of "Moderate Buy" and a consensus price target of $62.33.

Worthington Enterprises Stock Performance

Shares of WOR stock opened at $52.81 on Friday. Worthington Enterprises has a 52 week low of $37.88 and a 52 week high of $70.91. The firm has a 50 day moving average of $63.33 and a two-hundred day moving average of $57.55. The company has a quick ratio of 2.62, a current ratio of 3.30 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2.63 billion, a PE ratio of 24.79 and a beta of 1.20.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Worthington Enterprises by 693.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 541 shares during the last quarter. ORG Partners LLC increased its stake in Worthington Enterprises by 61.0% in the second quarter. ORG Partners LLC now owns 660 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 250 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Worthington Enterprises in the second quarter valued at about $46,000. Quarry LP acquired a new stake in shares of Worthington Enterprises during the first quarter worth about $49,000. Finally, State of Wyoming purchased a new position in shares of Worthington Enterprises during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 51.59% of the company's stock.

Worthington Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, December 15th. Worthington Enterprises's dividend payout ratio is currently 39.79%.

About Worthington Enterprises

Worthington Enterprises, Inc operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.