What is KeyCorp's Forecast for WS FY2025 Earnings?

Worthington Steel, Inc. (NYSE:WS - Free Report) - Equities researchers at KeyCorp issued their FY2025 earnings per share estimates for shares of Worthington Steel in a research note issued to investors on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts that the company will post earnings per share of $2.15 for the year. The consensus estimate for Worthington Steel's current full-year earnings is $2.36 per share. KeyCorp also issued estimates for Worthington Steel's FY2026 earnings at $3.13 EPS.

Worthington Steel Stock Performance

WS traded down $0.13 during midday trading on Friday, reaching $29.86. 186,598 shares of the company were exchanged, compared to its average volume of 286,613. The company's fifty day moving average price is $36.82 and its 200 day moving average price is $36.06. Worthington Steel has a one year low of $28.20 and a one year high of $47.19. The company has a market cap of $1.52 billion and a price-to-earnings ratio of 10.48.

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

Hedge Funds Weigh In On Worthington Steel

Institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. purchased a new stake in shares of Worthington Steel in the fourth quarter worth $41,741,000. Millennium Management LLC grew its position in shares of Worthington Steel by 135.3% during the second quarter. Millennium Management LLC now owns 189,968 shares of the company's stock worth $6,337,000 after purchasing an additional 109,224 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Worthington Steel by 546.5% during the 3rd quarter. Janus Henderson Group PLC now owns 93,480 shares of the company's stock valued at $3,179,000 after buying an additional 79,021 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Worthington Steel by 35.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 263,087 shares of the company's stock worth $8,948,000 after buying an additional 68,792 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Worthington Steel during the second quarter valued at $1,594,000. 45.41% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Steel Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, March 14th. Worthington Steel's payout ratio is presently 22.46%.

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.