Worthington Steel, Inc. Announces Quarterly Dividend of $0.16 (NYSE:WS)

Worthington Steel, Inc. (NYSE:WS - Get Free Report) declared a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.16 per share on Friday, June 27th. This represents a $0.64 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Friday, June 13th.

Worthington Steel Trading Up 2.3 %

Shares of NYSE WS traded up $0.60 during trading on Monday, reaching $26.78. The company had a trading volume of 301,849 shares, compared to its average volume of 237,687. The stock has a market capitalization of $1.36 billion, a PE ratio of 9.40 and a beta of 2.62. The stock has a 50-day moving average price of $28.23 and a two-hundred day moving average price of $34.04. Worthington Steel has a twelve month low of $24.22 and a twelve month high of $47.19.

Worthington Steel (NYSE:WS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.32). The firm had revenue of $687.40 million for the quarter, compared to analysts' expectations of $732.00 million. Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The business's quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS. On average, sell-side analysts predict that Worthington Steel will post 2.26 EPS for the current year.

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Analyst Upgrades and Downgrades

Separately, KeyCorp reduced 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.

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.