Worthington Steel, Inc. (NYSE:WS) Plans Quarterly Dividend of $0.16

Key Points

• Worthington Steel declared a quarterly dividend of $0.16 per share, payable on June 26 to shareholders of record on June 12, implying a yield of about 1.8%.
• The company reported quarterly EPS of $0.27, missing consensus of $0.47, and revenue of $769.8M versus estimates of $882.95M, though revenue was up 12% year‑over‑year.
• Shares opened at $34.90 with a market cap of about $1.77B, a P/E of 19.6, and a 52‑week range of $21.30–$49.17; the stock was reported up roughly 2.9%.

Worthington Steel, Inc. (NYSE:WS - Get Free Report) announced a quarterly dividend on Wednesday, March 25th. Stockholders of record on Friday, June 12th will be given a dividend of 0.16 per share on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, June 12th.

Worthington Steel Stock Up 2.9%

NYSE:WS opened at $34.90 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.80 and a quick ratio of 1.09. The company's fifty day moving average price is $40.19 and its 200-day moving average price is $35.62. Worthington Steel has a 1-year low of $21.30 and a 1-year high of $49.17. The firm has a market capitalization of $1.77 billion, a P/E ratio of 19.61 and a beta of 1.62.

Worthington Steel (NYSE:WS - Get Free Report) last posted its earnings results on Thursday, March 26th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.20). The business had revenue of $769.80 million for the quarter, compared to analyst estimates of $882.95 million. Worthington Steel had a net margin of 3.83% and a return on equity of 10.70%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, equities research analysts anticipate that Worthington Steel will post 2.26 EPS for the current year.

About Worthington Steel

Worthington Steel NYSE: WS is a leading North American steel processor specializing in the production of flat-rolled, coated and painted sheet and coil products. Operating as a wholly owned subsidiary of Worthington Industries, the company serves a broad range of industries, including construction, automotive, appliance, energy and agricultural equipment. Its core business activities encompass the processing, finishing and distribution of carbon and advanced high-strength steels, aluminum and stainless products to manufacturers across the continent.

The company’s product portfolio includes hot-dip galvanizing, galvannealed, aluminized and pre-painted steel products, as well as cold-rolled and hot-rolled coil.

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