Worthington Steel (NYSE:WS) Announces Earnings Results

Worthington Steel (NYSE:WS) posted its quarterly earnings data on Wednesday. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01, Briefing.com reports. The company had revenue of $834.00 million for the quarter, compared to the consensus estimate of $748.40 million. The business’s revenue for the quarter was down 7.9% on a year-over-year basis.

Worthington Steel Price Performance

NYSE:WS traded up $2.12 on Friday, reaching $34.13. The stock had a trading volume of 109,418 shares, compared to its average volume of 222,027. The stock has a fifty day moving average price of $34.50 and a 200-day moving average price of $33.42. Worthington Steel has a 1-year low of $21.00 and a 1-year high of $41.01.

Worthington Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors 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 annualized dividend and a dividend yield of 1.88%.

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.