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

Worthington Steel (NYSE:WS) issued its quarterly 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 for the quarter, compared to analysts’ expectations of $748.40 million. Worthington Steel’s quarterly revenue was down 7.9% on a year-over-year basis.

Worthington Steel Stock Down 10.8 %

Shares of Worthington Steel stock opened at $32.05 on Friday. Worthington Steel has a 52-week low of $21.00 and a 52-week high of $41.01. The company has a 50-day simple moving average of $34.50 and a two-hundred day simple moving average of $33.42.

Worthington Steel Dividend Announcement

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

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.