Worthington Steel, Inc. (WS) To Go Ex-Dividend on September 15th

Worthington Steel, Inc. (NYSE:WS) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.16 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 15th.

Worthington Steel Trading Down 6.7%

NYSE:WS opened at $36.97 on Friday. The company has a 50-day moving average price of $39.59 and a 200-day moving average price of $38.28. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 21.74 and a beta of 2.22. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. Worthington Steel has a 12 month low of $27.22 and a 12 month high of $49.17.

Worthington Steel (NYSE:WS) last announced its quarterly earnings results on Wednesday, June 24th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Worthington Steel had a net margin of 0.50% and a return on equity of 8.78%. The company had revenue of $929.20 million for the quarter, compared to analysts’ expectations of $992.00 million. During the same quarter in the previous year, the company earned $1.05 earnings per share. Worthington Steel’s quarterly revenue was up 11.6% on a year-over-year basis. Equities analysts predict that Worthington Steel will post 2.5 EPS for the current year.

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.