What is KeyCorp’s Estimate for WS FY2027 Earnings?

Worthington Steel, Inc. (NYSE:WS) – Investment analysts at KeyCorp issued their FY2027 earnings per share estimates for shares of Worthington Steel in a report released on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts that the company will post earnings of $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 (NYSE:WS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.37). Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The firm had revenue of $739.00 million for the quarter, compared to the consensus estimate of $740.40 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The company’s revenue was down 8.5% on a year-over-year basis.

Worthington Steel Stock Down 2.2 %

Shares of WS opened at $29.91 on Thursday. Worthington Steel has a 12-month low of $28.20 and a 12-month high of $47.19. The firm has a market capitalization of $1.52 billion and a price-to-earnings ratio of 10.50. The stock’s 50-day moving average price is $37.09 and its 200 day moving average price is $36.08.

Hedge Funds Weigh In On Worthington Steel

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in Worthington Steel by 44.5% during the third quarter. Jane Street Group LLC now owns 68,744 shares of the company’s stock valued at $2,338,000 after acquiring an additional 21,172 shares during the period. Principal Financial Group Inc. grew its stake in shares of Worthington Steel by 7.9% in the 3rd quarter. Principal Financial Group Inc. now owns 163,757 shares of the company’s stock valued at $5,569,000 after purchasing an additional 11,976 shares during the period. Geode Capital Management LLC grew its stake in shares of Worthington Steel by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 771,371 shares of the company’s stock valued at $26,240,000 after purchasing an additional 41,925 shares during the period. Janus Henderson Group PLC grew its stake in shares of Worthington Steel by 546.5% in the 3rd quarter. Janus Henderson Group PLC now owns 93,480 shares of the company’s stock valued at $3,179,000 after purchasing an additional 79,021 shares during the period. Finally, Barclays PLC grew its stake in shares of Worthington Steel by 317.9% in the 3rd quarter. Barclays PLC now owns 50,010 shares of the company’s stock valued at $1,701,000 after purchasing an additional 38,043 shares during the period. 45.41% of the stock is currently owned by institutional investors.

Worthington Steel Announces Dividend

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