FY2027 Earnings Estimate for WS Issued By KeyCorp

Worthington Steel, Inc. (NYSE:WS) – Equities researchers at KeyCorp issued their FY2027 earnings estimates for Worthington Steel in a report issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts that the company will post earnings per share of $3.58 for the year. The consensus estimate for Worthington Steel’s current full-year earnings is $2.95 per share.

Worthington Steel Stock Down 1.5 %

NYSE WS traded down $0.47 during midday trading on Thursday, hitting $30.12. The company had a trading volume of 11,245 shares, compared to its average volume of 268,637. Worthington Steel has a fifty-two week low of $28.20 and a fifty-two week high of $47.19. The stock has a market cap of $1.53 billion and a price-to-earnings ratio of 10.57. The firm has a fifty day simple moving average of $37.36 and a two-hundred day simple moving average of $36.12.

Worthington Steel (NYSE:WS) last issued its earnings results on Wednesday, December 18th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.37). The business had revenue of $739.00 million during the quarter, compared to analyst estimates of $740.40 million. Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The business’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS.

Worthington Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, March 14th. Worthington Steel’s dividend payout ratio (DPR) is currently 22.46%.

Institutional Trading of Worthington Steel

Several large investors have recently made changes to their positions in the business. New York State Teachers Retirement System grew its position in shares of Worthington Steel by 0.5% during the 3rd quarter. New York State Teachers Retirement System now owns 64,487 shares of the company’s stock worth $2,193,000 after buying an additional 305 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Worthington Steel by 1.3% in the third quarter. PNC Financial Services Group Inc. now owns 28,304 shares of the company’s stock valued at $963,000 after buying an additional 350 shares during the period. GAMMA Investing LLC raised its holdings in shares of Worthington Steel by 153.0% during the third quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock worth $43,000 after acquiring an additional 759 shares during the period. Amalgamated Bank raised its holdings in Worthington Steel by 8.9% during the third quarter. Amalgamated Bank now owns 10,173 shares of the company’s stock worth $346,000 after acquiring an additional 830 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in Worthington Steel by 3.9% during the third quarter. Coldstream Capital Management Inc. now owns 21,935 shares of the company’s stock valued at $747,000 after purchasing an additional 833 shares during the last quarter. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Company Profile

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.