Worthington Steel, Inc. Forecasted to Earn FY2024 Earnings of $3.02 Per Share (NYSE:WS)

Worthington Steel, Inc. (NYSE:WS) – Research analysts at Seaport Res Ptn issued their FY2024 EPS estimates for shares of Worthington Steel in a report issued on Sunday, June 23rd. Seaport Res Ptn analyst M. Englert forecasts that the company will post earnings of $3.02 per share for the year. Seaport Res Ptn has a “Neutral” rating on the stock. Seaport Res Ptn also issued estimates for Worthington Steel’s Q4 2024 earnings at $0.67 EPS, Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.72 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $2.79 EPS, Q1 2026 earnings at $0.83 EPS, Q2 2026 earnings at $0.80 EPS, Q3 2026 earnings at $0.80 EPS, Q4 2026 earnings at $0.94 EPS, FY2026 earnings at $3.38 EPS, FY2027 earnings at $3.48 EPS and FY2028 earnings at $3.51 EPS.

Separately, KeyCorp boosted their price objective on Worthington Steel from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd.

Worthington Steel Price Performance

WS stock opened at $30.68 on Wednesday. Worthington Steel has a 52 week low of $21.00 and a 52 week high of $40.15. The firm has a 50-day simple moving average of $32.14 and a 200-day simple moving average of $31.26.

Insider Transactions at Worthington Steel

In related news, Director Carl A. Nelson, Jr. sold 12,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $30.89, for a total transaction of $370,680.00. Following the transaction, the director now directly owns 85,583 shares in the company, valued at $2,643,658.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Worthington Steel

A number of hedge funds and other institutional investors have recently made changes to their positions in WS. Key Financial Inc purchased a new position in Worthington Steel in the fourth quarter worth approximately $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Worthington Steel during the 4th quarter worth about $30,000. DekaBank Deutsche Girozentrale purchased a new stake in Worthington Steel in the 1st quarter valued at about $37,000. Clean Yield Group acquired a new position in Worthington Steel in the fourth quarter valued at about $34,000. Finally, TFO Wealth Partners LLC purchased a new position in Worthington Steel during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 45.41% of the company’s stock.

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.