Worthington Steel, Inc. (WS) to Issue Quarterly Dividend of $0.16 on March 27th

Worthington Steel, Inc. (NYSE:WS) announced a quarterly dividend on Wednesday, December 17th. Investors of record on Friday, March 13th will be given a dividend of 0.16 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, March 13th.

Worthington Steel Trading Up 0.6%

WS opened at $36.16 on Friday. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 22.74 and a beta of 1.72. The company has a quick ratio of 0.97, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. Worthington Steel has a twelve month low of $21.30 and a twelve month high of $38.59. The company has a 50-day simple moving average of $32.65 and a 200 day simple moving average of $31.34.

Worthington Steel (NYSE:WS) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Worthington Steel had a return on equity of 10.83% and a net margin of 3.83%.The firm had revenue of $871.90 million for the quarter, compared to analyst estimates of $797.25 million. During the same quarter in the prior year, the business posted $0.19 EPS. The business’s revenue was up 18.0% on a year-over-year basis. Analysts predict that Worthington Steel will post 2.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. KeyCorp lifted their price target on Worthington Steel from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday. Wall Street Zen upgraded Worthington Steel from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Steel in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Worthington Steel has a consensus rating of “Moderate Buy” and an average target price of $39.00.

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.