Worthington Steel (NYSE:WS) Issues Quarterly Earnings Results

Worthington Steel (NYSE:WS) posted its quarterly earnings data on Tuesday. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.35), Zacks reports. Worthington Steel had a return on equity of 8.87% and a net margin of 0.50%.

Worthington Steel Price Performance

Shares of NYSE:WS traded down $0.59 on Tuesday, hitting $38.53. The company had a trading volume of 588,206 shares, compared to its average volume of 291,587. Worthington Steel has a 52-week low of $27.22 and a 52-week high of $49.17. The company has a market cap of $1.96 billion, a PE ratio of 27.72 and a beta of 2.24. The business has a 50 day moving average of $35.67 and a 200 day moving average of $36.29. The company has a current ratio of 1.46, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04.

Wall Street Analyst Weigh In

WS has been the subject of a number of analyst reports. KeyCorp restated an “overweight” rating on shares of Worthington Steel in a research report on Tuesday. Wall Street Zen cut Worthington Steel from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research downgraded Worthington Steel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 17th. Finally, Weiss Ratings downgraded Worthington Steel from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.00.

About Worthington Steel

Worthington Steel, Inc is a steel processing company that produces value-added flat-rolled steel products for manufacturers in the automotive, construction, energy, industrial and consumer markets. Its offerings include electrical steel, laser-welded and tailor-welded blanks, and other processed steel products designed to meet specific customer requirements.

The company provides services such as slitting, blanking, cold reduction, welding and other steel processing capabilities. Its products are used in applications including automotive components, electrical motors and transformers, building products, pressure vessels and industrial equipment.

Worthington Steel was separated from Worthington Industries as an independent public company in December 2023.