What is Seaport Res Ptn's Estimate for WS FY2026 Earnings?

Worthington Steel, Inc. (NYSE:WS - Free Report) - Analysts at Seaport Res Ptn increased their FY2026 earnings per share estimates for Worthington Steel in a research report issued to clients and investors on Friday, July 18th. Seaport Res Ptn analyst M. Englert now expects that the company will post earnings per share of $2.77 for the year, up from their previous estimate 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 raised Worthington Steel from a "hold" rating to a "buy" rating in a report on Saturday, July 5th.

Worthington Steel Stock Performance

Shares of WS stock traded down $1.72 during mid-day trading on Monday, hitting $31.54. 243,797 shares of the stock were exchanged, compared to its average volume of 337,330. The stock's fifty day simple moving average is $28.25 and its two-hundred day simple moving average is $27.46. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 14.47 and a beta of 1.87. Worthington Steel has a 12-month low of $21.30 and a 12-month high of $47.19.

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, topping the consensus estimate of $0.83 by $0.22. The company had revenue of $832.90 million for the quarter, compared to analyst estimates of $800.45 million. Worthington Steel had a return on equity of 9.43% and a net margin of 3.58%. The business's quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 earnings per share.

Hedge Funds Weigh In On Worthington Steel

A number of hedge funds and other institutional investors have recently made changes to their positions in WS. Ameritas Advisory Services LLC purchased a new position in shares of Worthington Steel during the second quarter worth about $25,000. Anchor Investment Management LLC purchased a new position in shares of Worthington Steel during the fourth quarter worth about $32,000. GAMMA Investing LLC grew its holdings in shares of Worthington Steel by 57.1% during the second quarter. GAMMA Investing LLC now owns 1,219 shares of the company's stock worth $36,000 after buying an additional 443 shares during the last quarter. CWM LLC grew its holdings in shares of Worthington Steel by 141.5% during the first quarter. CWM LLC now owns 2,186 shares of the company's stock worth $55,000 after buying an additional 1,281 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Worthington Steel during the first quarter worth about $118,000. Hedge funds and other institutional investors own 45.41% of the company's stock.

Worthington Steel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Friday, September 12th. Worthington Steel's dividend payout ratio is currently 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.