Worthington Steel (NYSE:WS) Announces Quarterly Earnings Results

Worthington Steel (NYSE:WS) issued its quarterly earnings results on Wednesday. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20), Briefing.com reports. Worthington Steel had a return on equity of 10.19% and a net margin of 3.64%.The company had revenue of $769.80 million during the quarter, compared to analysts’ expectations of $882.95 million. During the same quarter in the previous year, the company earned $0.35 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year.

Worthington Steel Stock Performance

Shares of NYSE WS opened at $29.87 on Friday. The company has a market cap of $1.52 billion, a P/E ratio of 16.78 and a beta of 1.62. Worthington Steel has a 52-week low of $21.30 and a 52-week high of $49.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.09 and a current ratio of 1.80. The firm’s fifty day moving average is $40.01 and its two-hundred day moving average is $35.58.

Worthington Steel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, June 12th. Worthington Steel’s payout ratio is currently 35.96%.

Key Worthington Steel News

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

• Positive Sentiment: KeyCorp initiated coverage with an “Overweight” rating and a $46 price target, implying significant upside from current levels; this can attract investor interest and buy-side flows. KeyCorp Initiates Coverage on Worthington Steel
• Positive Sentiment: Management reiterated a plan to close the Kloeckner acquisition in H2 2026 and highlighted market share gains in automotive along with AI-driven operational initiatives—moves that could boost scale and margins if successfully executed. Worthington Steel targets closing Kloeckner acquisition
• Positive Sentiment: Worthington declared a quarterly cash dividend of $0.16 per share (payable June 26, 2026), supporting yield-oriented investor demand (≈2.1% yield). Worthington Steel Declares Quarterly Dividend
• Neutral Sentiment: Broader market weakness (futures down on geopolitical headlines) created a tougher trading backdrop that likely amplified the stock’s move after company-specific news. Stock Market Today: Dow Jones, S&P 500 Futures Fall
• Negative Sentiment: Q3 fiscal 2026 results missed estimates: EPS $0.27 vs. consensus $0.47 and revenue $769.8M vs. est. $882.95M. Management commentary and the earnings deck highlight weaker-than-expected margin/revenue drivers—this is the main catalyst behind the stock’s decline. Worthington Steel Reports Third Quarter Fiscal 2026 Results
• Negative Sentiment: Market coverage and analyst write-ups note the earnings miss triggered a sharp intraday sell-off (reports cite roughly a double-digit percentage decline), increasing near-term downside risk while investors reassess guidance and acquisition execution. Why WS Stock Is Down 11.98%

Insider Activity

In other news, Director Scott J. Kelly acquired 7,000 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was purchased at an average price of $39.11 per share, for a total transaction of $273,770.00. Following the completion of the transaction, the director directly owned 16,157 shares in the company, valued at approximately $631,900.27. This trade represents a 76.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jon J. Bowsher bought 2,500 shares of Worthington Steel stock in a transaction dated Friday, January 30th. The stock was purchased at an average cost of $40.15 per share, for a total transaction of $100,375.00. Following the completion of the acquisition, the director directly owned 17,893 shares of the company’s stock, valued at approximately $718,403.95. The trade was a 16.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Worthington Steel

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

Analysts Set New Price Targets

WS has been the topic of a number of analyst reports. Wall Street Zen raised Worthington Steel from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. KeyCorp started coverage on shares of Worthington Steel in a research note on Wednesday. They set an “overweight” rating and a $46.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Steel in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Worthington Steel from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.00.

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.