Worthington Steel (NYSE:WS) Announces Earnings Results, Misses Estimates By $0.32 EPS

Worthington Steel (NYSE:WS) posted its quarterly earnings data on Wednesday. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.32), Zacks reports. Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The business had revenue of $687.40 million for the quarter, compared to the consensus estimate of $732.00 million. During the same period in the previous year, the firm earned $0.99 EPS. The company’s revenue was down 14.7% on a year-over-year basis.

Worthington Steel Trading Up 3.4 %

WS traded up $0.89 during trading on Wednesday, hitting $26.99. 388,822 shares of the company’s stock traded hands, compared to its average volume of 272,701. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.47 and a beta of 2.62. The company’s 50 day simple moving average is $28.40 and its two-hundred day simple moving average is $34.17. Worthington Steel has a 12-month low of $24.22 and a 12-month high of $47.19.

Wall Street Analyst Weigh In

Separately, KeyCorp reduced their price objective on Worthington Steel from $41.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, March 7th.

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.