Seaport Res Ptn Comments on Worthington Steel, Inc.’s Q1 2025 Earnings (NYSE:WS)

Worthington Steel, Inc. (NYSE:WS) – Research analysts at Seaport Res Ptn cut their Q1 2025 earnings per share (EPS) estimates for shares of Worthington Steel in a research report issued to clients and investors on Sunday, September 22nd. Seaport Res Ptn analyst M. Englert now anticipates that the company will post earnings per share of $0.50 for the quarter, down from their prior estimate of $0.62. The consensus estimate for Worthington Steel’s current full-year earnings is $2.95 per share. Seaport Res Ptn also issued estimates for Worthington Steel’s Q2 2025 earnings at $0.70 EPS.

Worthington Steel Stock Down 10.8 %

Worthington Steel stock opened at $32.05 on Wednesday. The company has a 50 day moving average price of $34.50 and a 200 day moving average price of $33.42. Worthington Steel has a 52 week low of $21.00 and a 52 week high of $41.01.

Worthington Steel (NYSE:WS) last announced its earnings results on Wednesday, September 25th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $834.00 million during the quarter, compared to analyst estimates of $748.40 million. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Worthington Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC purchased a new position in Worthington Steel during the 4th quarter valued at about $30,000. CWM LLC lifted its position in Worthington Steel by 845.4% in the 2nd quarter. CWM LLC now owns 1,021 shares of the company’s stock worth $34,000 after buying an additional 913 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Worthington Steel during the 1st quarter valued at $37,000. TFO Wealth Partners LLC purchased a new position in shares of Worthington Steel during the 4th quarter valued at $50,000. Finally, SG Americas Securities LLC increased its stake in shares of Worthington Steel by 42.4% in the first quarter. SG Americas Securities LLC now owns 5,111 shares of the company’s stock worth $183,000 after acquiring an additional 1,522 shares during the last quarter. 45.41% of the stock is owned by institutional investors and hedge funds.

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.