Revenue Update on Worthington Industries(NYSE:WOR)

Worthington Industries(NYSE:WOR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Jun 29, 2016. Company reported revenue of $714.67M. Analysts estimated a revenue of $713.61M. Earnings per share were $0.87. Analysts had estimated an EPS of $0.62.

In a different note, On Jun 10, 2016, Jefferies said it Maintains its rating on Worthington Industries. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Hold’ by the firm.

Worthington Industries (WOR) shares turned negative on Fridays trading session with the shares closing down -0.29 points or -0.69% at a volume of 11,08,115. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.94. The peak price level was also seen at $43.94 while the days lowest was $41.9. Finally the shares closed at $42.01. The 52-week high of the shares is $43.94 while the 52-week low is $21.1. According to the latest information available, the market cap of the company is $2,624 M.

Several Insider Transactions has been reported to the SEC. On Apr 29, 2016, Dale T Brinkman (VP-Admin & Secretary) sold 11,500 shares at $37.73 per share price.Also, On Feb 18, 2016, John G Lamprinakos (President, Engineered Cabs) sold 5,063 shares at $30.00 per share price.On Feb 5, 2016, Andrew J Billman (Pres., Worthington Cylinders) sold 63,000 shares at $29.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Worthington Industries Inc. is a diversified metals manufacturing company. The Company’s segments include Steel Processing Pressure Cylinders Engineered Cabs and Other. The Company’s Steel Processing segment consists of the Worthington Steel business unit Precision Specialty Metals Inc. and Worthington Steelpac Systems LLC and also includes two consolidated joint ventures: Spartan Steel Coating LLC which operates a cold-rolled hot dipped galvanizing line in Monroe Michigan and TWB Company L.L.C. which operates a laser welded blank business. Its Pressure Cylinders segment consists of Worthington Cylinders business unit and three consolidated joint ventures: Worthington Nitin Cylinders Limited Worthington Aritas Basincli Kaplar Sanayi and dHybrid Systems LLC. Its Engineered Cabs segment consists of the Worthington Industries Engineered Cabs business unit. Its Other segment includes the Construction Services and Worthington Energy Innovations (WEI) operating segments.

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