FY2026 EPS Estimate for Worthington Steel Boosted by Analyst

Worthington Steel, Inc. (NYSE:WS) – Analysts at KeyCorp lifted their FY2026 earnings per share (EPS) estimates for Worthington Steel in a research report issued to clients and investors on Tuesday, June 23rd. KeyCorp analyst S. Mckinney now forecasts that the company will post earnings of $2.16 per share for the year, up from their previous forecast of $2.15. KeyCorp has a “Overweight” rating and a $46.00 price objective on the stock. The consensus estimate for Worthington Steel’s current full-year earnings is $2.15 per share. KeyCorp also issued estimates for Worthington Steel’s FY2027 earnings at $2.50 EPS.

WS has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Steel in a research report on Monday, April 20th. Zacks Research raised Worthington Steel from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Wall Street Zen downgraded Worthington Steel from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.00.

Worthington Steel Price Performance

Shares of WS opened at $39.59 on Thursday. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 23.29 and a beta of 2.22. Worthington Steel has a twelve month low of $25.33 and a twelve month high of $49.17. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $39.53 and a two-hundred day moving average of $38.27.

Worthington Steel (NYSE:WS) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $929.20 million during the quarter, compared to analyst estimates of $992.00 million. Worthington Steel had a net margin of 3.64% and a return on equity of 10.12%. Worthington Steel’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 EPS.

Worthington Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Worthington Steel’s payout ratio is currently 37.65%.

Insider Buying and Selling at Worthington Steel

In other news, COO Jeffrey R. Klingler sold 20,036 shares of Worthington Steel stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $43.82, for a total transaction of $877,977.52. Following the completion of the sale, the chief operating officer directly owned 93,212 shares in the company, valued at approximately $4,084,549.84. The trade was a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Clifford Larivey sold 11,105 shares of Worthington Steel stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $40.09, for a total transaction of $445,199.45. Following the sale, the insider owned 64,308 shares of the company’s stock, valued at $2,578,107.72. The trade was a 14.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 33,708 shares of company stock worth $1,431,830. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Worthington Steel

Several hedge funds have recently made changes to their positions in WS. Hantz Financial Services Inc. lifted its position in Worthington Steel by 56.4% during the 4th quarter. Hantz Financial Services Inc. now owns 910 shares of the company’s stock worth $32,000 after acquiring an additional 328 shares during the period. MAI Capital Management increased its holdings in shares of Worthington Steel by 39.8% in the third quarter. MAI Capital Management now owns 1,404 shares of the company’s stock valued at $43,000 after purchasing an additional 400 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Worthington Steel by 1.5% in the third quarter. Public Employees Retirement System of Ohio now owns 28,143 shares of the company’s stock valued at $855,000 after purchasing an additional 406 shares during the period. Cardinal Capital Management raised its stake in shares of Worthington Steel by 2.2% in the fourth quarter. Cardinal Capital Management now owns 20,297 shares of the company’s stock worth $703,000 after purchasing an additional 443 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Worthington Steel by 1,239.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 750 shares of the company’s stock worth $26,000 after purchasing an additional 694 shares during the last quarter. 45.41% of the stock is owned by institutional investors and hedge funds.

Worthington Steel Company Profile

Worthington Steel (NYSE: WS) is a leading North American steel processor specializing in the production of flat-rolled, coated and painted sheet and coil products. Operating as a wholly owned subsidiary of Worthington Industries, the company serves a broad range of industries, including construction, automotive, appliance, energy and agricultural equipment. Its core business activities encompass the processing, finishing and distribution of carbon and advanced high-strength steels, aluminum and stainless products to manufacturers across the continent.

The company’s product portfolio includes hot-dip galvanizing, galvannealed, aluminized and pre-painted steel products, as well as cold-rolled and hot-rolled coil.