Worthington Steel (NYSE:WS) Announces Quarterly Earnings Results

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

Worthington Steel Stock Performance

Shares of WS stock opened at $37.92 on Thursday. The stock has a market capitalization of $1.93 billion and a price-to-earnings ratio of 15.29. Worthington Steel has a one year low of $23.82 and a one year high of $47.19. The company’s 50-day simple moving average is $40.97 and its 200-day simple moving average is $36.18.

Worthington Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.16 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.69%. Worthington Steel’s dividend payout ratio (DPR) is presently 25.81%.

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.