What is KeyCorp’s Estimate for WS FY2025 Earnings?

Worthington Steel, Inc. (NYSE:WS) – Analysts at KeyCorp issued their FY2025 earnings estimates for shares of Worthington Steel in a report released on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts that the company will post earnings per share of $2.15 for the year. The consensus estimate for Worthington Steel’s current full-year earnings is $2.36 per share. KeyCorp also issued estimates for Worthington Steel’s FY2026 earnings at $3.13 EPS.

Worthington Steel (NYSE:WS) last announced its quarterly 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). 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%. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS.

Worthington Steel Trading Down 0.4 %

Shares of WS stock opened at $29.86 on Friday. The company’s fifty day simple moving average is $36.82 and its 200-day simple moving average is $36.09. Worthington Steel has a 52 week low of $28.20 and a 52 week high of $47.19. The company has a market cap of $1.52 billion and a PE ratio of 10.48.

Worthington Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, March 14th. Worthington Steel’s dividend payout ratio is presently 22.46%.

Hedge Funds Weigh In On Worthington Steel

A number of hedge funds have recently made changes to their positions in WS. Pacer Advisors Inc. purchased a new stake in Worthington Steel during the 4th quarter worth $41,741,000. Millennium Management LLC increased its stake in Worthington Steel by 135.3% during the 2nd quarter. Millennium Management LLC now owns 189,968 shares of the company’s stock worth $6,337,000 after buying an additional 109,224 shares during the period. Janus Henderson Group PLC increased its stake in Worthington Steel by 546.5% during 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 period. Jacobs Levy Equity Management Inc. increased its stake in Worthington Steel by 35.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 263,087 shares of the company’s stock worth $8,948,000 after buying an additional 68,792 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in Worthington Steel during the 2nd quarter worth $1,594,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

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.