What is KeyCorp’s Estimate for WS FY2027 Earnings?

Worthington Steel, Inc. (NYSE:WS) – Investment analysts at KeyCorp issued their FY2027 earnings per share (EPS) estimates for shares of Worthington Steel in a research report issued to clients and investors on Tuesday, January 21st. KeyCorp analyst P. Gibbs expects that the company will earn $3.58 per share for the year. The consensus estimate for Worthington Steel’s current full-year earnings is $2.36 per share.

Worthington Steel (NYSE:WS) last posted its earnings results on Wednesday, December 18th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The firm had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $740.40 million. During the same quarter last year, the company posted $0.11 EPS. The firm’s revenue was down 8.5% on a year-over-year basis.

Worthington Steel Stock Performance

WS stock opened at $29.86 on Thursday. Worthington Steel has a fifty-two week low of $28.20 and a fifty-two week high of $47.19. The business’s 50 day moving average price is $36.82 and its two-hundred day moving average price is $36.06. The company has a market capitalization of $1.52 billion and a price-to-earnings ratio of 10.48.

Institutional Trading of Worthington Steel

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC grew its stake in shares of Worthington Steel by 44.5% in the 3rd quarter. Jane Street Group LLC now owns 68,744 shares of the company’s stock worth $2,338,000 after buying an additional 21,172 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Worthington Steel by 7.9% in the 3rd quarter. Principal Financial Group Inc. now owns 163,757 shares of the company’s stock worth $5,569,000 after buying an additional 11,976 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Worthington Steel by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 771,371 shares of the company’s stock worth $26,240,000 after buying an additional 41,925 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Worthington Steel by 546.5% in the 3rd quarter. Janus Henderson Group PLC now owns 93,480 shares of the company’s stock worth $3,179,000 after buying an additional 79,021 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Worthington Steel by 317.9% in the 3rd quarter. Barclays PLC now owns 50,010 shares of the company’s stock worth $1,701,000 after buying an additional 38,043 shares during the last quarter. 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, March 28th. Investors of record on Friday, March 14th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.14%. Worthington Steel’s payout ratio is currently 22.46%.

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.