Seaport Res Ptn Issues Pessimistic Forecast for WS Earnings

Worthington Steel, Inc. (NYSE:WS - Free Report) - Seaport Res Ptn decreased their Q3 2025 earnings estimates for shares of Worthington Steel in a research note issued to investors on Tuesday, January 21st. Seaport Res Ptn analyst M. Englert now forecasts that the company will post earnings of $0.67 per share for the quarter, down from their prior forecast of $0.86. The consensus estimate for Worthington Steel's current full-year earnings is $2.95 per share. Seaport Res Ptn also issued estimates for Worthington Steel's FY2025 earnings at $2.36 EPS.

Worthington Steel Trading Down 2.2 %

Shares of WS stock traded down $0.68 during trading hours on Thursday, reaching $29.91. 360,045 shares of the stock were exchanged, compared to its average volume of 292,823. Worthington Steel has a 12-month low of $28.20 and a 12-month high of $47.19. The company's 50-day moving average price is $37.36 and its 200-day moving average price is $36.12. The firm has a market capitalization of $1.52 billion and a price-to-earnings ratio of 10.50.

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

Institutional Investors Weigh In On Worthington Steel

Several large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. purchased a new stake in Worthington Steel in the 4th quarter valued at about $41,741,000. Park National Corp OH bought a new stake in shares of Worthington Steel in the 4th quarter valued at about $410,000. JPMorgan Chase & Co. raised its holdings in shares of Worthington Steel by 46.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 85,141 shares of the company's stock valued at $2,896,000 after purchasing an additional 26,809 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Worthington Steel by 7.9% in the 3rd quarter. Principal Financial Group Inc. now owns 163,757 shares of the company's stock valued at $5,569,000 after purchasing an additional 11,976 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Worthington Steel by 4.2% in the 3rd quarter. Franklin Resources Inc. now owns 29,170 shares of the company's stock valued at $995,000 after purchasing an additional 1,178 shares in the last quarter. 45.41% of the stock is owned by hedge funds and other institutional investors.

Worthington Steel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 is presently 22.46%.

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.