Worthington Steel (NYSE:WS) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Worthington Steel (NYSE:WS) announced its quarterly earnings results on Wednesday. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01, Briefing.com reports. The company had revenue of $834.00 million during the quarter, compared to analyst estimates of $748.40 million. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year.

Worthington Steel Price Performance

Shares of WS traded up $1.08 during mid-day trading on Friday, hitting $33.09. 279,324 shares of the company traded hands, compared to its average volume of 222,951. The business has a 50-day moving average of $34.50 and a 200 day moving average of $33.42. Worthington Steel has a one year low of $21.00 and a one year high of $41.01.

Worthington Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.93%.

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.