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Stock impact report

Margin Concerns Remain for Worthington Enterprises (WOR) [Yahoo! Finance]

Worthington Industries, Inc. (WOR) 
Last worthington industries, inc. earnings: 3/26 06:55 am Check Earnings Report
Company Research Source: Yahoo! Finance
Global reiterated its Buy rating on the Worthington Enterprises, Inc. (NYSE:WOR) stock. It also set a target price of $74. Last month, Canaccord Genuity lowered its price target for the shares from $73 to $69 on December 19. Canaccord analyst Brian McNamara adjusted the firm's price target while maintaining a Buy rating on the stock. The firm noted that Worthington delivered solid revenue results in its eighth consecutive clean reporting quarter following the separation of its steel business. However, despite the strong revenue results, the company fell short of margin expectations. This margin shortfall was largely attributed to one-time items. The company reported revenue of $327 million in the second quarter, surpassing the consensus estimates of $310.6 million. Adjusted earnings came in at $0.65 per share as compared to $0.60 per share in the same quarter last year. CFO Colin Souza commented on the solid Q2 by stating: We delivered solid financial results in Q2, reporting Show less Read more
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