Worthington Industries, Inc. (WOR) EPS Estimated At $0.69; Summit Midstream Partners LP (SMLP) Has 1.33 Sentiment

November 15, 2017 - By Maria Brooks

Analysts expect Worthington Industries, Inc. (NYSE:WOR) to report $0.69 EPS on December, 18.They anticipate $0.06 EPS change or 8.00% from last quarter’s $0.75 EPS. WOR’s profit would be $43.47M giving it 14.67 P/E if the $0.69 EPS is correct. After having $0.73 EPS previously, Worthington Industries, Inc.’s analysts see -5.48% EPS growth. It closed at $40.48 lastly. It is down 17.54% since November 15, 2016 and is uptrending. It has outperformed by 0.84% the S&P500.

Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The company has market cap of $1.40 billion. The Company’s divisions include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC , and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P. It has a 13.07 P/E ratio. The Company’s assets are located in the producing areas of unconventional resource basins, primarily shale formations, in the continental United States.

Worthington Industries, Inc. is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The company has market cap of $2.55 billion. The Company’s divisions include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. It has a 14.24 P/E ratio. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.

Among 3 analysts covering Worthington Industries (NYSE:WOR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Worthington Industries had 13 analyst reports since August 27, 2015 according to SRatingsIntel. The stock of Worthington Industries, Inc. (NYSE:WOR) earned “Hold” rating by Jefferies on Thursday, June 29. The stock has “Hold” rating by Jefferies on Tuesday, April 4. The stock of Worthington Industries, Inc. (NYSE:WOR) has “Neutral” rating given on Thursday, March 24 by JP Morgan. Jefferies maintained Worthington Industries, Inc. (NYSE:WOR) rating on Wednesday, September 6. Jefferies has “Hold” rating and $47.0 target. The stock of Worthington Industries, Inc. (NYSE:WOR) earned “Hold” rating by Zacks on Thursday, August 27. The firm has “Hold” rating by Jefferies given on Wednesday, October 11. Jefferies downgraded Worthington Industries, Inc. (NYSE:WOR) on Monday, December 12 to “Underperform” rating. The firm earned “Hold” rating on Wednesday, June 14 by Jefferies. The firm has “Underperform” rating given on Tuesday, November 29 by Macquarie Research. The firm has “Neutral” rating by Macquarie Research given on Tuesday, March 14.

Investors sentiment increased to 0.79 in 2017 Q2. Its up 0.03, from 0.76 in 2017Q1. It improved, as 35 investors sold Worthington Industries, Inc. shares while 79 reduced holdings. 29 funds opened positions while 61 raised stakes. 32.56 million shares or 3.98% less from 33.90 million shares in 2017Q1 were reported. Martingale Asset Management Limited Partnership reported 0.01% of its portfolio in Worthington Industries, Inc. (NYSE:WOR). 29,641 were accumulated by Product Prtnrs Limited Co. Raymond James Finance Svcs Advisors holds 4,221 shares. Advisory Service Ntwk Ltd Liability has invested 0% in Worthington Industries, Inc. (NYSE:WOR). Ls Investment Ltd accumulated 0.01% or 4,500 shares. Gemmer Asset Management Llc accumulated 0% or 223 shares. Texas Permanent School Fund has invested 0.02% in Worthington Industries, Inc. (NYSE:WOR). Winslow Evans Crocker invested 0% of its portfolio in Worthington Industries, Inc. (NYSE:WOR). Profund Ltd Limited Liability Company, Maryland-based fund reported 8,096 shares. Ing Groep Nv invested in 5,346 shares or 0.01% of the stock. Advantus Capital Mngmt stated it has 0.01% in Worthington Industries, Inc. (NYSE:WOR). Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 2,295 shares. Great West Life Assurance Company Can reported 26,866 shares stake. Whittier Tru Comm Of Nevada Inc invested in 600 shares or 0% of the stock. Reilly Finance Advisors Limited Liability has 0.01% invested in Worthington Industries, Inc. (NYSE:WOR).

It closed at $19.1 lastly. It is down 6.71% since November 15, 2016 and is uptrending. It has underperformed by 9.99% the S&P500.

Analysts await Summit Midstream Partners LP (NYSE:SMLP) to report earnings on February, 22. They expect $0.03 EPS, down 81.25% or $0.13 from last year’s $0.16 per share. SMLP’s profit will be $2.20 million for 159.17 P/E if the $0.03 EPS becomes a reality. After $1.22 actual EPS reported by Summit Midstream Partners LP for the previous quarter, Wall Street now forecasts -97.54% negative EPS growth.

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