Seaport Res Ptn Issues Negative Estimate for WS Earnings

Key Points

• Seaport Res Ptn revised its Q2 2026 earnings estimate for Worthington Steel from $0.49 to $0.48 per share, lowering forecasts for subsequent quarters as well.
• The company reported Q2 earnings of $0.77 per share, exceeding consensus estimates of $0.72, with a revenue of $872.90 million.
• Worthington Steel has recently declared a quarterly dividend of $0.16 per share, with a projected annual yield of 2.1%.

Worthington Steel, Inc. (NYSE:WS - Free Report) - Equities researchers at Seaport Res Ptn dropped their Q2 2026 earnings per share estimates for Worthington Steel in a report released on Thursday, September 25th. Seaport Res Ptn analyst M. Englert now forecasts that the company will post earnings of $0.48 per share for the quarter, down from their previous estimate of $0.49. 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 Q3 2026 earnings at $0.68 EPS, Q4 2026 earnings at $0.80 EPS, FY2027 earnings at $3.16 EPS, FY2029 earnings at $3.25 EPS and FY2030 earnings at $3.41 EPS.

Worthington Steel (NYSE:WS - Get Free Report) last released its earnings results on Wednesday, September 24th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.05. The firm had revenue of $872.90 million during the quarter, compared to the consensus estimate of $785.30 million. Worthington Steel had a return on equity of 10.11% and a net margin of 3.80%.The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share.

Several other research analysts have also recently issued reports on the company. Wall Street Zen cut Worthington Steel from a "buy" rating to a "hold" rating in a report on Friday. KeyCorp upped their price target on Worthington Steel from $34.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Worthington Steel has an average rating of "Buy" and an average price target of $36.00.

Worthington Steel Price Performance

NYSE WS opened at $30.14 on Monday. The stock has a market capitalization of $1.53 billion, a P/E ratio of 13.82 and a beta of 1.88. Worthington Steel has a 1 year low of $21.30 and a 1 year high of $47.19. The business's fifty day moving average is $32.00 and its two-hundred day moving average is $28.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.97 and a current ratio of 1.66.

Worthington Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, December 12th. Worthington Steel's payout ratio is 27.35%.

Hedge Funds Weigh In On Worthington Steel

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new position in shares of Worthington Steel during the 2nd quarter valued at $25,000. AlphaQuest LLC purchased a new position in shares of Worthington Steel during the 2nd quarter valued at $34,000. GAMMA Investing LLC boosted its holdings in Worthington Steel by 57.1% in the second quarter. GAMMA Investing LLC now owns 1,219 shares of the company's stock worth $36,000 after purchasing an additional 443 shares in the last quarter. Caldwell Trust Co bought a new stake in Worthington Steel in the second quarter worth $52,000. Finally, CWM LLC boosted its holdings in Worthington Steel by 141.5% in the first quarter. CWM LLC now owns 2,186 shares of the company's stock worth $55,000 after purchasing an additional 1,281 shares in the last quarter. 45.41% of the stock is currently owned by hedge funds and other institutional investors.

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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