FY2026 EPS Forecast for Worthington Steel Raised by Analyst

Worthington Steel, Inc. (NYSE:WS - Free Report) - Investment analysts at Seaport Res Ptn upped their FY2026 earnings estimates for Worthington Steel in a research report issued to clients and investors on Friday, July 18th. Seaport Res Ptn analyst M. Englert now forecasts that the company will earn $2.77 per share for the year, up from their previous forecast of $2.59. The consensus estimate for Worthington Steel's current full-year earnings is $2.26 per share. Seaport Res Ptn also issued estimates for Worthington Steel's FY2027 earnings at $3.24 EPS, FY2028 earnings at $3.36 EPS, FY2029 earnings at $3.57 EPS and FY2030 earnings at $3.72 EPS.

Separately, Wall Street Zen upgraded shares of Worthington Steel from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th.

Worthington Steel Price Performance

WS opened at $31.91 on Monday. Worthington Steel has a fifty-two week low of $21.30 and a fifty-two week high of $47.19. The firm has a market capitalization of $1.62 billion, a P/E ratio of 14.64 and a beta of 1.87. The company's 50-day moving average is $27.96 and its 200 day moving average is $27.38.

Worthington Steel (NYSE:WS - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.22. Worthington Steel had a net margin of 3.58% and a return on equity of 9.43%. The firm had revenue of $832.90 million during the quarter, compared to analysts' expectations of $800.45 million. During the same period last year, the company earned $1.06 earnings per share. The business's revenue was down 8.6% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Worthington Steel by 14.0% during the 4th quarter. Vanguard Group Inc. now owns 4,467,428 shares of the company's stock valued at $142,154,000 after purchasing an additional 550,181 shares during the period. Nuveen LLC bought a new stake in shares of Worthington Steel during the 1st quarter valued at about $8,901,000. American Century Companies Inc. increased its position in shares of Worthington Steel by 966.1% during the first quarter. American Century Companies Inc. now owns 269,160 shares of the company's stock valued at $6,818,000 after buying an additional 243,912 shares during the period. Lido Advisors LLC bought a new position in Worthington Steel in the fourth quarter worth about $5,755,000. Finally, Empowered Funds LLC bought a new position in Worthington Steel in the first quarter worth about $4,485,000. 45.41% of the stock is owned by institutional investors.

Worthington Steel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.01%. Worthington Steel's payout ratio is 29.36%.

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.

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