Worthington Steel (NYSE:WS) Announces Earnings Results

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

Worthington Steel Price Performance

Shares of WS opened at $33.12 on Friday. Worthington Steel has a 1-year low of $21.00 and a 1-year high of $41.01. The firm has a 50 day simple moving average of $34.43 and a 200-day simple moving average of $33.44.

Worthington Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 annualized dividend and a yield of 1.93%.

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.