Worthington Steel (NYSE:WS) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Worthington Steel (NYSE:WS) released its quarterly earnings results on Wednesday. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01, Zacks reports. The business had revenue of $929.20 million for the quarter, compared to analyst estimates of $992.00 million. Worthington Steel had a net margin of 0.50% and a return on equity of 8.78%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share.

Worthington Steel Price Performance

NYSE WS opened at $36.97 on Friday. Worthington Steel has a 1 year low of $27.22 and a 1 year high of $49.17. The company has a fifty day simple moving average of $39.59 and a 200 day simple moving average of $38.28. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.88 billion, a P/E ratio of 21.74 and a beta of 2.22.

Worthington Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Worthington Steel’s dividend payout ratio is currently 37.65%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Klingler sold 20,036 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $43.82, for a total value of $877,977.52. Following the completion of the sale, the chief operating officer directly owned 93,212 shares of the company’s stock, valued at approximately $4,084,549.84. This represents a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Clifford Larivey sold 11,105 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $40.09, for a total transaction of $445,199.45. Following the transaction, the insider owned 64,308 shares in the company, valued at approximately $2,578,107.72. The trade was a 14.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,708 shares of company stock valued at $1,431,830 in the last quarter. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Worthington Steel

A number of institutional investors have recently added to or reduced their stakes in WS. Kestra Advisory Services LLC acquired a new position in Worthington Steel in the 4th quarter valued at approximately $67,000. Tower Research Capital LLC TRC grew its holdings in shares of Worthington Steel by 149.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,354 shares of the company’s stock worth $70,000 after purchasing an additional 1,412 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Worthington Steel by 50.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,492 shares of the company’s stock worth $104,000 after purchasing an additional 1,178 shares in the last quarter. Schroder Investment Management Group acquired a new stake in Worthington Steel during the fourth quarter valued at approximately $201,000. Finally, MML Investors Services LLC acquired a new stake in Worthington Steel during the fourth quarter valued at approximately $208,000. 45.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on WS. Zacks Research upgraded shares of Worthington Steel from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. KeyCorp upped their price objective on shares of Worthington Steel from $38.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Worthington Steel in a report on Monday, April 20th. Finally, Wall Street Zen lowered Worthington Steel from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.00.

Key Headlines Impacting Worthington Steel

Here are the key news stories impacting Worthington Steel this week:

• Positive Sentiment: Worthington Steel reported quarterly EPS of $0.74, edging past the consensus estimate of $0.73, suggesting earnings held up slightly better than expected. Earnings report and conference call coverage
• Positive Sentiment: KeyCorp raised its FY2026 and FY2027 EPS estimates for Worthington Steel and kept an Overweight rating with a $46 price target, signaling improving analyst confidence. Analyst and call highlights
• Neutral Sentiment: The board declared a quarterly dividend of $0.16 per share, maintaining shareholder returns but likely not enough on its own to move the stock materially. Dividend announcement
• Negative Sentiment: Quarterly revenue of $929.2 million fell short of the $992 million consensus, indicating softer top-line performance despite year-over-year growth. Earnings report and conference call coverage
• Negative Sentiment: Management commentary around Klöckner integration progress and related challenges suggests near-term execution risk and potential margin pressure as the company works through the acquisition. Integration update

About Worthington Steel

Worthington Steel (NYSE: WS) is a leading North American steel processor specializing in the production of flat-rolled, coated and painted sheet and coil products. Operating as a wholly owned subsidiary of Worthington Industries, the company serves a broad range of industries, including construction, automotive, appliance, energy and agricultural equipment. Its core business activities encompass the processing, finishing and distribution of carbon and advanced high-strength steels, aluminum and stainless products to manufacturers across the continent.

The company’s product portfolio includes hot-dip galvanizing, galvannealed, aluminized and pre-painted steel products, as well as cold-rolled and hot-rolled coil.