Worthington Steel (NYSE:WS) Announces Earnings Results

Worthington Steel (NYSE:WS) released its earnings results on Wednesday. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01, Briefing.com reports. The business had revenue of $834.00 million for the quarter, compared to the consensus estimate of $748.40 million. The company’s revenue for the quarter was down 7.9% on a year-over-year basis.

Worthington Steel Stock Performance

Shares of Worthington Steel stock opened at $33.12 on Friday. Worthington Steel has a 52-week low of $21.00 and a 52-week high of $41.01. The stock’s 50-day simple moving average is $34.43 and its 200 day simple moving average is $33.44.

Worthington Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid 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 1.93%.

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.