Worthington Steel (NYSE:WS - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.32), Zacks reports. Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The business had revenue of $687.40 million for the quarter, compared to analyst estimates of $732.00 million. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The business's revenue was down 14.7% on a year-over-year basis.
Worthington Steel Stock Down 6.3 %
Shares of NYSE:WS traded down $1.76 during trading on Friday, hitting $26.12. 207,910 shares of the stock traded hands, compared to its average volume of 230,019. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 9.17 and a beta of 2.62. The company has a fifty day moving average price of $28.29 and a two-hundred day moving average price of $34.07. Worthington Steel has a 52-week low of $24.22 and a 52-week high of $47.19.
Worthington Steel Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, June 13th. Worthington Steel's dividend payout ratio (DPR) is 22.46%.
Wall Street Analysts Forecast Growth
Separately, KeyCorp decreased their price objective on shares of Worthington Steel from $41.00 to $34.00 and set an "overweight" rating for the company in a research note on Friday, March 7th.
Check Out Our Latest Stock Report on WS
Worthington Steel Company Profile
(
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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.
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