Worthington Steel (NYSE:WS) Releases Quarterly Earnings Results, Misses Expectations By $0.37 EPS

Worthington Steel (NYSE:WSGet Free Report) posted its earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37), Briefing.com reports. Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. The firm had revenue of $739.00 million during the quarter, compared to the consensus estimate of $740.40 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue was down 8.5% on a year-over-year basis.

Worthington Steel Stock Down 14.4 %

Shares of NYSE:WS opened at $32.46 on Friday. Worthington Steel has a 12 month low of $23.82 and a 12 month high of $47.19. The firm has a market cap of $1.65 billion and a P/E ratio of 13.09. The company’s 50-day moving average price is $40.95 and its two-hundred day moving average price is $36.16.

Worthington Steel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 1.97%. Worthington Steel’s dividend payout ratio (DPR) is 25.81%.

About Worthington Steel

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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.

Further Reading

Earnings History for Worthington Steel (NYSE:WS)

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