What is KeyCorp’s Estimate for WS FY2027 Earnings?

Worthington Steel, Inc. (NYSE:WS) – Analysts at KeyCorp issued their FY2027 earnings per share estimates for shares of Worthington Steel in a research report issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts that the company will earn $3.58 per share for the year. The consensus estimate for Worthington Steel’s current full-year earnings is $2.95 per share.

Worthington Steel Price Performance

NYSE WS opened at $29.91 on Thursday. The firm has a market cap of $1.52 billion and a PE ratio of 10.50. Worthington Steel has a one year low of $28.20 and a one year high of $47.19. The stock’s 50 day simple moving average is $37.09 and its 200 day simple moving average is $36.08.

Worthington Steel (NYSE:WS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). The business had revenue of $739.00 million for the quarter, compared to the consensus estimate of $740.40 million. Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. New York State Teachers Retirement System lifted its holdings in Worthington Steel by 0.5% during the 3rd quarter. New York State Teachers Retirement System now owns 64,487 shares of the company’s stock worth $2,193,000 after buying an additional 305 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Worthington Steel by 1.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 28,304 shares of the company’s stock worth $963,000 after buying an additional 350 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Worthington Steel by 153.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock worth $43,000 after buying an additional 759 shares in the last quarter. Amalgamated Bank lifted its holdings in Worthington Steel by 8.9% during the 3rd quarter. Amalgamated Bank now owns 10,173 shares of the company’s stock worth $346,000 after buying an additional 830 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in Worthington Steel by 3.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 21,935 shares of the company’s stock worth $747,000 after buying an additional 833 shares in the last quarter. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.14%. Worthington Steel’s dividend payout ratio (DPR) is presently 22.46%.

Worthington Steel Company Profile

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.