Worthington Steel (WS) Projected to Post Quarterly Earnings on Wednesday

Worthington Steel (NYSE:WS) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, March 19th. Analysts expect the company to announce earnings of $0.67 per share and revenue of $732.00 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Worthington Steel (NYSE:WS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). The firm had revenue of $739.00 million during the quarter, compared to the consensus estimate of $740.40 million. Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. Worthington Steel’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. On average, analysts expect Worthington Steel to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Worthington Steel Trading Up 6.1 %

WS stock opened at $26.23 on Wednesday. Worthington Steel has a 1-year low of $24.22 and a 1-year high of $47.19. The firm has a market cap of $1.33 billion, a PE ratio of 9.20 and a beta of 2.62. The business’s 50-day moving average price is $28.89 and its two-hundred day moving average price is $34.47.

Worthington Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, March 14th. Worthington Steel’s dividend payout ratio (DPR) is presently 22.46%.

Wall Street Analyst Weigh In

Separately, KeyCorp dropped their target price on shares of Worthington Steel from $41.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, March 7th.

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.