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

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

Worthington Steel Trading Down 14.4 %

Shares of WS stock opened at $32.46 on Friday. Worthington Steel has a 1 year low of $23.82 and a 1 year high of $47.19. The firm’s fifty day simple moving average is $40.95 and its 200 day simple moving average is $36.16. The firm has a market capitalization of $1.65 billion and a P/E ratio of 13.09.

Worthington Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, March 14th. Worthington Steel’s dividend payout ratio is currently 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.