Worthington Steel (NYSE:WS) Posts Quarterly Earnings Results, Misses Estimates By $0.32 EPS

Worthington Steel (NYSE:WS) released its quarterly earnings data on Wednesday. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.32), Zacks reports. The business had revenue of $687.40 million for the quarter, compared to analyst estimates of $732.00 million. Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The company’s revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share.

Worthington Steel Trading Up 3.4 %

Shares of NYSE WS traded up $0.89 during trading hours on Wednesday, reaching $26.99. The stock had a trading volume of 390,694 shares, compared to its average volume of 229,826. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 9.47 and a beta of 2.62. Worthington Steel has a fifty-two week low of $24.22 and a fifty-two week high of $47.19. The firm has a 50-day moving average of $28.40 and a 200-day moving average of $34.17.

Analyst Ratings Changes

Separately, KeyCorp lowered their price objective on Worthington Steel from $41.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, March 7th.

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.