Worthington Steel (NYSE:WS) Issues Quarterly Earnings Results

Worthington Steel (NYSE:WS) issued its quarterly earnings results on Wednesday. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01, Briefing.com reports. The business had revenue of $834.00 million during the quarter, compared to analyst estimates of $748.40 million. Worthington Steel’s revenue was down 7.9% compared to the same quarter last year.

Worthington Steel Stock Performance

NYSE WS opened at $32.05 on Friday. The business has a 50 day moving average price of $34.50 and a 200-day moving average price of $33.42. Worthington Steel has a 52 week low of $21.00 and a 52 week high of $41.01.

Worthington Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.00%.

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.