Worthington Steel (NYSE:WS) Announces Quarterly Earnings Results

Worthington Steel (NYSE:WS) announced its quarterly earnings results on Wednesday. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.67 by $0.39, Briefing.com reports. The firm had revenue of $911.00 million during the quarter, compared to the consensus estimate of $876.30 million. Worthington Steel’s revenue for the quarter was up 3.1% on a year-over-year basis.

Worthington Steel Price Performance

Worthington Steel stock opened at $32.68 on Friday. The firm has a fifty day simple moving average of $32.11 and a two-hundred day simple moving average of $31.27. Worthington Steel has a twelve month low of $21.00 and a twelve month high of $40.15.

Analyst Ratings Changes

WS has been the subject of a number of research analyst reports. KeyCorp lifted their price objective on shares of Worthington Steel from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Worthington Steel in a report on Monday, March 11th.

Insiders Place Their Bets

In other Worthington Steel news, Director Carl A. Nelson, Jr. sold 12,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $30.89, for a total value of $370,680.00. Following the completion of the sale, the director now directly owns 85,583 shares of the company’s stock, valued at $2,643,658.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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.