Worthington Steel (NYSE:WS) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Worthington Steel (NYSE:WS) posted its earnings results on Wednesday. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01, Briefing.com reports. The business had revenue of $834.00 million for the quarter, compared to analysts’ expectations of $748.40 million. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Worthington Steel Stock Performance

Worthington Steel stock opened at $33.12 on Friday. Worthington Steel has a fifty-two week low of $21.00 and a fifty-two week high of $41.01. The firm’s fifty day moving average price is $34.43 and its 200-day moving average price is $33.44.

Worthington Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.93%.

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.