Worthington Steel (WS) Stock Price, News & Analysis

Company Overview

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. Worthington Steel, Inc. was incorporated in 2023 and is based in Columbus, Ohio.

Key Stats

• Today's Range: $43.88 to $44.75
• 50-Day Range: $32.01 to $46.52
• 52-Week Range: $21.00 to $47.19
• Volume: 106,509 shs
• Average Volume: 212,645 shs
• Market Capitalization: $2.26 billion
• P/E Ratio: 17.94
• Dividend Yield: 1.44%
• Price Target: $40.00
• Consensus Rating: Moderate Buy

Worthington Steel Stock Analysis - MarketRank™

Worthington Steel scored higher than 63% of companies evaluated by MarketBeat, and ranked 102nd out of 189 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Worthington Steel has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Worthington Steel has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 16.95%

Earnings Growth

Earnings for Worthington Steel are expected to grow by 16.95% in the coming year, from $2.95 to $3.45 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Worthington Steel is 17.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Worthington Steel is 17.93, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 112.49.

Price to Book Value per Share Ratio

Worthington Steel has a P/B Ratio of 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.10% of the float of Worthington Steel has been sold short.

Short Interest Ratio / Days to Cover

Worthington Steel has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Worthington Steel has recently decreased by 7.41%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Worthington Steel pays a meaningful dividend of 1.46%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Worthington Steel does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Worthington Steel is 25.81%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Worthington Steel will have a dividend payout ratio of 18.55% next year. This indicates that Worthington Steel will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.10% of the float of Worthington Steel has been sold short.

Short Interest Ratio / Days to Cover

Worthington Steel has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Worthington Steel has recently decreased by 7.41%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: N/A

News Sentiment

Worthington Steel has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Worthington Steel this week, compared to 2 articles on an average week.

Search Interest

Only 3 people have searched for WS on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

MarketBeat Follows

2 people have added Worthington Steel to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Worthington Steel insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.20% of the stock of Worthington Steel is held by insiders.

Percentage Held by Institutions

45.41% of the stock of Worthington Steel is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WS Stock Analysis - Frequently Asked Questions

How have WS shares performed this year?

Worthington Steel's stock was trading at $28.10 at the beginning of 2024. Since then, WS stock has increased by 58.3% and is now trading at $44.47.
View the best growth stocks for 2024 here.

How were Worthington Steel's earnings last quarter?

Worthington Steel, Inc. (NYSE:WS) released its quarterly earnings data on Wednesday, September, 25th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The company's revenue for the quarter was down 7.9% compared to the same quarter last year.

Who are Worthington Steel's major shareholders?

Top institutional shareholders of Worthington Steel include State Street Corp (3.07%), Geode Capital Management LLC (1.52%), Charles Schwab Investment Management Inc. (0.63%) and Jacobs Levy Equity Management Inc. (0.52%).
View institutional ownership trends.

How do I buy shares of Worthington Steel?

Shares of WS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Worthington Steel own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Worthington Steel investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX) and Visa (V).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Last Earnings: 9/25/2024
• Dividend Payable: 9/27/2024
• Today: 11/21/2024
• Ex-Dividend for 12/27 Dividend: 12/13/2024
• Dividend Payable: 12/27/2024
• Fiscal Year End: 5/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Steel works, blast furnaces, & rolling & finishing mills
• Sub-Industry: Steel Works
• Current Symbol: NYSE:WS
• Previous Symbol: NYSE:WS
• CUSIP: N/A
• CIK: 1968487
• Web: www.worthingtonsteel.com
• Phone: 614-438-3210
• Fax: N/A
• Employees: 4,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $40.00
• High Stock Price Target: $40.00
• Low Stock Price Target: $40.00
• Potential Upside/Downside: -9.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.48
• Trailing P/E Ratio: 17.72
• Forward P/E Ratio: 14.90
• P/E Growth: N/A
• Net Income: $154.70 million
• Net Margins: 3.71%
• Pretax Margin: 5.16%
• Return on Equity: 12.14%
• Return on Assets: 7.34%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.71
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $3.43 billion
• Price / Sales: 0.65
• Cash Flow: $4.70 per share
• Price / Cash Flow: 9.35
• Book Value: $22.18 per share
• Price / Book: 1.98

Miscellaneous

• Outstanding Shares: 50,780,000
• Free Float: 49,659,000
• Market Cap: $2.23 billion
• Optionable: Optionable
• Beta: N/A