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

Worthington Steel (NYSE:WS) is projected 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. Parties interested in registering for the company’s 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 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.37). Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The business had revenue of $739.00 million for the quarter, compared to the consensus estimate of $740.40 million. During the same quarter last year, the firm earned $0.11 EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. 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 Price Performance

NYSE:WS opened at $26.70 on Monday. Worthington Steel has a fifty-two week low of $24.22 and a fifty-two week high of $47.19. The stock has a market capitalization of $1.36 billion, a PE ratio of 9.37 and a beta of 2.62. The business’s 50-day simple moving average is $28.59 and its 200-day simple moving average is $34.30.

Worthington Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Friday, March 14th. Worthington Steel’s dividend payout ratio is presently 22.46%.

Wall Street Analyst Weigh In

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

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.