Q1 2025 Earnings Estimate for Worthington Steel, Inc. Issued By Seaport Res Ptn (NYSE:WS)

Worthington Steel, Inc. (NYSE:WS) – Seaport Res Ptn lowered their Q1 2025 earnings per share estimates for Worthington Steel in a research report issued on Sunday, September 22nd. Seaport Res Ptn analyst M. Englert now expects that the company will post earnings per share of $0.50 for the quarter, down from their prior estimate of $0.62. 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 Q2 2025 earnings at $0.70 EPS.

Worthington Steel Stock Down 10.8 %

WS opened at $32.05 on Wednesday. The business’s 50 day moving average is $34.50 and its 200-day moving average is $33.42. Worthington Steel has a twelve month low of $21.00 and a twelve month high of $41.01.

Worthington Steel (NYSE:WS) last posted its earnings results on Wednesday, September 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $834.00 million for the quarter, compared to analyst estimates of $748.40 million. Worthington Steel’s revenue for the quarter was down 7.9% on a year-over-year basis.

Worthington Steel Dividend Announcement

The firm also recently declared 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 is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Coldstream Capital Management Inc. boosted its holdings in shares of Worthington Steel by 1.5% in the second quarter. Coldstream Capital Management Inc. now owns 21,102 shares of the company’s stock valued at $704,000 after acquiring an additional 304 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in Worthington Steel by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 26,662 shares of the company’s stock valued at $956,000 after purchasing an additional 345 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Worthington Steel by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the company’s stock valued at $517,000 after purchasing an additional 400 shares during the period. CWM LLC increased its position in shares of Worthington Steel by 845.4% during the 2nd quarter. CWM LLC now owns 1,021 shares of the company’s stock valued at $34,000 after purchasing an additional 913 shares during the period. Finally, New York State Teachers Retirement System raised its stake in shares of Worthington Steel by 1.6% in the 1st quarter. New York State Teachers Retirement System now owns 61,707 shares of the company’s stock worth $2,212,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 45.41% of the company’s stock.

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.