FY2027 Earnings Forecast for WS Issued By KeyCorp

Worthington Steel, Inc. (NYSE:WS - Free Report) - Equities researchers at KeyCorp issued their FY2027 earnings per share (EPS) estimates for shares of Worthington Steel in a research note issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs anticipates that the company will post earnings per share of $3.58 for the year. The consensus estimate for Worthington Steel's current full-year earnings is $2.36 per share.

Worthington Steel Stock Performance

NYSE:WS traded down $0.13 during mid-day trading on Thursday, hitting $29.86. 186,598 shares of the company's stock traded hands, compared to its average volume of 286,613. The company has a market cap of $1.52 billion and a PE ratio of 10.48. The firm's 50 day simple moving average is $37.09 and its 200 day simple moving average is $36.08. Worthington Steel has a 1 year low of $28.20 and a 1 year high of $47.19.

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 the consensus estimate of $0.56 by ($0.37). The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $740.40 million. Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The business's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 earnings per share.

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 paid a dividend of $0.16 per share. The ex-dividend date is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.14%. Worthington Steel's dividend payout ratio (DPR) is 22.46%.

Institutional Trading of Worthington Steel

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Worthington Steel by 153.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,255 shares of the company's stock valued at $43,000 after purchasing an additional 759 shares during the last quarter. nVerses Capital LLC acquired a new position in Worthington Steel in the third quarter valued at $71,000. Eastern Bank purchased a new stake in Worthington Steel during the third quarter valued at about $99,000. Victory Capital Management Inc. acquired a new stake in Worthington Steel during the second quarter worth about $208,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Worthington Steel in the 3rd quarter worth about $213,000. 45.41% of the stock is currently owned by hedge funds and other institutional investors.

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.