FY2025 Earnings Forecast for WS Issued By KeyCorp

Worthington Steel, Inc. (NYSE:WS) – Investment analysts at KeyCorp issued their FY2025 earnings estimates for shares of Worthington Steel in a research report issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs anticipates that the company will post earnings of $2.15 per share for the year. The consensus estimate for Worthington Steel’s current full-year earnings is $2.36 per share. KeyCorp also issued estimates for Worthington Steel’s FY2026 earnings at $3.13 EPS.

Worthington Steel Stock Down 2.2 %

WS stock opened at $29.91 on Friday. The stock’s 50 day moving average is $37.09 and its two-hundred day moving average is $36.08. Worthington Steel has a 52-week low of $28.20 and a 52-week high of $47.19. The company has a market capitalization of $1.52 billion and a PE ratio of 10.50.

Worthington Steel (NYSE:WS) last announced its earnings results on Wednesday, December 18th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). The business had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $740.40 million. Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The firm’s revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in shares of Worthington Steel by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 23,555 shares of the company’s stock worth $786,000 after purchasing an additional 1,877 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Worthington Steel by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,393,483 shares of the company’s stock worth $79,845,000 after purchasing an additional 17,783 shares in the last quarter. Renaissance Technologies LLC grew its stake in Worthington Steel by 24.5% in the second quarter. Renaissance Technologies LLC now owns 160,800 shares of the company’s stock worth $5,364,000 after purchasing an additional 31,600 shares in the last quarter. Ensign Peak Advisors Inc bought a new stake in Worthington Steel in the second quarter valued at about $282,000. Finally, Public Sector Pension Investment Board raised its stake in Worthington Steel by 7.0% during the second quarter. Public Sector Pension Investment Board now owns 67,658 shares of the company’s stock valued at $2,257,000 after buying an additional 4,434 shares in the last quarter. 45.41% of the stock is currently owned by institutional investors.

Worthington Steel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.14%. Worthington Steel’s dividend payout ratio (DPR) is presently 22.46%.

About Worthington Steel

Worthington Steel, Inc operates as a steel processor in North America. It offers carbon flat-rolled steel and tailor welded blanks, as well as electrical steel laminations; and aluminum tailor welded blanks. The company serves various end-markets, including automotive, heavy truck, agriculture, construction, and energy.