Worthington Industries Stock Analysis
WOR Stock | USD 57.70 0.24 0.41% |
Worthington Industries is undervalued with Real Value of 62.0 and Target Price of 65.0. The main objective of Worthington Industries stock analysis is to determine its intrinsic value, which is an estimate of what Worthington Industries is worth, separate from its market price. There are two main types of Worthington Industries' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Worthington Industries' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Worthington Industries' stock to identify patterns and trends that may indicate its future price movements.
The Worthington Industries stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Worthington Industries is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Worthington Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Worthington Industries' ongoing operational relationships across important fundamental and technical indicators.
Worthington |
Worthington Stock Analysis Notes
About 37.0% of the company outstanding shares are owned by insiders. The book value of Worthington Industries was at this time reported as 18.19. The company has Price/Earnings To Growth (PEG) ratio of 0.35. Worthington Industries last dividend was issued on the 13th of June 2024. The entity had 1622:1000 split on the 1st of December 2023. Worthington Industries, Inc., an industrial manufacturing company, focuses on value-added steel processing, manufactured consumer, building, and sustainable mobility products in North America and internationally. The company was founded in 1955 and is headquartered in Columbus, Ohio. Worthington Industries operates under Metal Fabrication classification in the United States and is traded on New York Stock Exchange. It employs 9500 people. For more information please call B Rose at 800 944 2255 or visit https://www.worthingtonenterprises.com.Worthington Industries Quarterly Total Revenue |
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Worthington Industries Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Worthington Industries' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Worthington Industries or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
About 37.0% of the company outstanding shares are owned by insiders | |
Latest headline from simplywall.st: Disposition of 1101 shares by Bowes James R of Worthington Industries at 44.15 subject to Rule 16b-3 |
Worthington Industries Upcoming and Recent Events
Earnings reports are used by Worthington Industries to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Worthington Industries previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
27th of March 2024 Upcoming Quarterly Report | View | |
26th of June 2024 Next Financial Report | View | |
29th of February 2024 Next Fiscal Quarter End | View | |
26th of June 2024 Next Fiscal Year End | View | |
30th of November 2023 Last Quarter Report | View | |
31st of May 2023 Last Financial Announcement | View |
Worthington Largest EPS Surprises
Earnings surprises can significantly impact Worthington Industries' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2001-03-21 | 2001-02-28 | 0.08 | 0.07 | -0.01 | 12 | ||
2000-12-20 | 2000-11-30 | 0.09 | 0.08 | -0.01 | 11 | ||
2002-03-20 | 2002-02-28 | 0.12 | 0.1 | -0.02 | 16 |
Worthington Industries Thematic Classifications
In addition to having Worthington Industries stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Steel Works EtcUSA Equities from Steel Works Etc industry as classified by Fama & French |
Worthington Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Worthington Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Worthington Industries backward and forwards among themselves. Worthington Industries' institutional investor refers to the entity that pools money to purchase Worthington Industries' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Arrowstreet Capital Limited Partnership | 2023-12-31 | 393.4 K | Northern Trust Corp | 2023-12-31 | 354.1 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 346.2 K | Norges Bank | 2023-12-31 | 331.4 K | Aqr Capital Management Llc | 2023-12-31 | 228.9 K | Bank Of America Corp | 2023-12-31 | 196.6 K | Nuveen Asset Management, Llc | 2023-12-31 | 188.3 K | American Century Companies Inc | 2023-12-31 | 183.9 K | Amvescap Plc. | 2023-12-31 | 174.1 K | Blackrock Inc | 2023-12-31 | 5.1 M | Vanguard Group Inc | 2023-12-31 | 3.9 M |
Worthington Market Capitalization
The company currently falls under 'Mid-Cap' category with a total capitalization of 2.89 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Worthington Industries's market, we take the total number of its shares issued and multiply it by Worthington Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Worthington Profitablity
Worthington Industries' profitability indicators refer to fundamental financial ratios that showcase Worthington Industries' ability to generate income relative to its revenue or operating costs. If, let's say, Worthington Industries is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Worthington Industries' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Worthington Industries' profitability requires more research than a typical breakdown of Worthington Industries' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.06 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.03 %, which entails that for every 100 dollars of revenue, it generated $0.03 of operating income. Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.08 | 0.06 | |
Return On Capital Employed | 0.15 | 0.14 | |
Return On Assets | 0.08 | 0.08 | |
Return On Equity | 0.14 | 0.12 |
Management Efficiency
Worthington Industries has Return on Asset of 0.0509 % which means that on every $100 spent on assets, it made $0.0509 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.198 %, implying that it generated $0.198 on every 100 dollars invested. Worthington Industries' management efficiency ratios could be used to measure how well Worthington Industries manages its routine affairs as well as how well it operates its assets and liabilities. As of 04/17/2024, Return On Tangible Assets is likely to drop to 0.06. In addition to that, Return On Capital Employed is likely to drop to 0.14. At this time, Worthington Industries' Total Assets are relatively stable compared to the past year. As of 04/17/2024, Non Current Assets Total is likely to grow to about 2.2 B, while Other Assets are likely to drop slightly above 21.3 M.Last Reported | Projected for Next Year | ||
Book Value Per Share | 31.43 | 33.00 | |
Net Current Asset Value | 0.00 | 0.00 | |
Tangible Asset Value | 0.00 | 0.00 | |
Tangible Book Value Per Share | 20.25 | 21.26 | |
Enterprise Value Over EBITDA | 4.58 | 6.55 | |
Price Book Value Ratio | 1.14 | 1.67 | |
Enterprise Value Multiple | 4.58 | 6.55 | |
Price Fair Value | 1.14 | 1.67 | |
Enterprise Value | 780.3 M | 624.1 M |
The analysis of Worthington Industries' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Worthington Industries' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Worthington Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.011 | Forward Dividend Yield 0.011 | Forward Dividend Rate 0.64 | Beta 1.317 |
Technical Drivers
As of the 17th of April 2024, Worthington Industries maintains the Downside Deviation of 2.05, market risk adjusted performance of 0.0597, and Mean Deviation of 1.65. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Worthington Industries, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Worthington Industries, which can be compared to its peers. Please check out Worthington Industries jensen alpha and semi variance to decide if Worthington Industries is priced fairly, providing market reflects its latest price of 57.7 per share. Given that Worthington Industries has jensen alpha of 0.0035, we strongly advise you to confirm Worthington Industries's prevalent market performance to make sure the company can sustain itself at a future point.Worthington Industries Price Movement Analysis
null. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Worthington Industries middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Worthington Industries. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Worthington Industries Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Worthington Industries insiders, such as employees or executives, is commonly permitted as long as it does not rely on Worthington Industries' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Worthington Industries insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Worthington Industries Outstanding Bonds
Worthington Industries issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Worthington Industries uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Worthington bonds can be classified according to their maturity, which is the date when Worthington Industries has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Worthington Industries Predictive Daily Indicators
Worthington Industries intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Worthington Industries stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Worthington Industries Corporate Filings
8K | 12th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 9th of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 8th of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F3 | 5th of April 2024 An amendment to the original Schedule 13D filing | ViewVerify |
F4 | 3rd of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 1st of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 25th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 22nd of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Worthington Industries Forecast Models
Worthington Industries' time-series forecasting models are one of many Worthington Industries' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Worthington Industries' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Worthington Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Worthington Industries prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Worthington shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Worthington Industries. By using and applying Worthington Stock analysis, traders can create a robust methodology for identifying Worthington entry and exit points for their positions.
Last Reported | Projected for Next Year | ||
Pretax Profit Margin | 0.08 | 0.08 | |
Operating Profit Margin | 0.09 | 0.08 | |
Net Profit Margin | 0.05 | 0.04 | |
Gross Profit Margin | 0.16 | 0.18 |
Current Worthington Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Worthington analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Worthington analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
65.0 | Hold | 3 | Odds |
Most Worthington analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Worthington stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Worthington Industries, talking to its executives and customers, or listening to Worthington conference calls.
Worthington Stock Analysis Indicators
Worthington Industries stock analysis indicators help investors evaluate how Worthington Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Worthington Industries shares will generate the highest return on investment. By understating and applying Worthington Industries stock analysis, traders can identify Worthington Industries position entry and exit signals to maximize returns.
Begin Period Cash Flow | 34.5 M | |
Long Term Debt | 689.7 M | |
Common Stock Shares Outstanding | 49.4 M | |
Total Stockholder Equity | 1.7 B | |
Total Cashflows From Investing Activities | -71.8 M | |
Tax Provision | 76.2 M | |
Quarterly Earnings Growth Y O Y | -0.532 | |
Property Plant And Equipment Net | 775.6 M | |
Cash And Short Term Investments | 454.9 M | |
Cash | 454.9 M | |
Accounts Payable | 528.9 M | |
Net Debt | 340.4 M | |
50 Day M A | 61.4892 | |
Total Current Liabilities | 717.6 M | |
Other Operating Expenses | 4.7 B | |
Non Current Assets Total | 1.8 B | |
Forward Price Earnings | 16.4204 | |
Non Currrent Assets Other | -76.1 M | |
Stock Based Compensation | 19.2 M |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Worthington Stock analysis
When running Worthington Industries' price analysis, check to measure Worthington Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worthington Industries is operating at the current time. Most of Worthington Industries' value examination focuses on studying past and present price action to predict the probability of Worthington Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Industries' price. Additionally, you may evaluate how the addition of Worthington Industries to your portfolios can decrease your overall portfolio volatility.
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Is Worthington Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Worthington Industries. If investors know Worthington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Worthington Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.53) | Dividend Share 1.11 | Earnings Share 4.99 | Revenue Per Share 97.839 | Quarterly Revenue Growth (0.09) |
The market value of Worthington Industries is measured differently than its book value, which is the value of Worthington that is recorded on the company's balance sheet. Investors also form their own opinion of Worthington Industries' value that differs from its market value or its book value, called intrinsic value, which is Worthington Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Worthington Industries' market value can be influenced by many factors that don't directly affect Worthington Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Worthington Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Worthington Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Worthington Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.