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

Worthington Steel (NYSE:WS) released its earnings results on Wednesday. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01, Briefing.com reports. The business had revenue of $834.00 million during the quarter, compared to the consensus estimate of $748.40 million. The company’s revenue was down 7.9% compared to the same quarter last year.

Worthington Steel Trading Down 10.8 %

Worthington Steel stock opened at $32.05 on Friday. Worthington Steel has a 12-month low of $21.00 and a 12-month high of $41.01. The business’s 50-day moving average price is $34.50 and its two-hundred day moving average price is $33.42.

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 given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, December 13th.

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.