What is KeyCorp’s Estimate for WS FY2027 Earnings?

Worthington Steel, Inc. (NYSE:WS) – Equities research analysts at KeyCorp issued their FY2027 earnings estimates for shares of Worthington Steel in a research report issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts that the company will earn $3.58 per share for the year. The consensus estimate for Worthington Steel’s current full-year earnings is $2.95 per share.

Worthington Steel Price Performance

WS traded down $0.47 on Thursday, hitting $30.12. 11,245 shares of the stock were exchanged, compared to its average volume of 268,637. Worthington Steel has a 12 month low of $28.20 and a 12 month high of $47.19. The firm has a market capitalization of $1.53 billion and a price-to-earnings ratio of 10.57. The business has a 50-day moving average of $37.36 and a two-hundred day moving average of $36.12.

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

Worthington Steel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, March 14th. Worthington Steel’s dividend payout ratio is presently 22.46%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. acquired a new stake in shares of Worthington Steel during the 2nd quarter valued at $208,000. American Century Companies Inc. grew its holdings in Worthington Steel by 8.7% in the second quarter. American Century Companies Inc. now owns 23,555 shares of the company’s stock worth $786,000 after purchasing an additional 1,877 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Worthington Steel by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,393,483 shares of the company’s stock valued at $79,845,000 after buying an additional 17,783 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Worthington Steel by 24.5% during the second quarter. Renaissance Technologies LLC now owns 160,800 shares of the company’s stock valued at $5,364,000 after acquiring an additional 31,600 shares in the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Worthington Steel during the second quarter worth approximately $282,000. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Company Profile

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.