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

Worthington Steel (NYSE:WS) posted its quarterly earnings data on Wednesday. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01, Briefing.com reports. The firm had revenue of $834.00 million during the quarter, compared to analysts’ expectations of $748.40 million. The company’s revenue was down 7.9% on a year-over-year basis.

Worthington Steel Price Performance

Shares of WS stock traded up $2.45 on Friday, hitting $34.46. The stock had a trading volume of 103,978 shares, compared to its average volume of 221,972. Worthington Steel has a 1 year low of $21.00 and a 1 year high of $41.01. The company’s 50 day moving average price is $34.50 and its 200-day moving average price is $33.42.

Worthington Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.86%.

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.