Jefferies Raises Numbers on Worthington Industries (WOR) After Q3 'Beat'

Jefferies raised estimates and its price target on Worthington Industries (NYSE: WOR) from $20.50 to $24 and reiterating their Buy rating following a solid Q3 beat. EPS of $0.41 was above the firm's estimates of $0.38 and the consensus of $0.35. The outlook for its two key segments is positive and incremental improvement is expected in F4Q12, the firm also notes.

"WOR remains our top idea in our steel coverage universe," they said.

FY12 EPS goes up from $1.51 to $1.58 and FY13 from $1.85 to $1.96.

For an analyst ratings summary and ratings history on Worthington Industries click here. For more ratings news on Worthington Industries click here.

Shares of Worthington Industries closed at $18.81 yesterday.

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