Worthington Steel (WS) Expected to Announce Quarterly Earnings on Wednesday

Worthington Steel (NYSE:WS) is expected to be announcing its Q3 2026 results after the market closes on Wednesday, March 25th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $882.95 million for the quarter. Interested persons are encouraged to explore the company’s upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Thursday, March 26, 2026 at 8:30 AM ET.

Worthington Steel (NYSE:WS) last announced its quarterly earnings results on Friday, December 19th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Worthington Steel had a return on equity of 10.70% 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 earned $0.19 EPS. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. On average, analysts expect Worthington Steel to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Worthington Steel Trading Up 0.9%

WS opened at $32.57 on Wednesday. Worthington Steel has a one year low of $21.30 and a one year high of $49.17. The stock has a market capitalization of $1.65 billion, a PE ratio of 18.30 and a beta of 1.62. The business’s 50 day moving average price is $40.65 and its 200 day moving average price is $35.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.09 and a current ratio of 1.80.

Analysts Set New Price Targets

A number of research firms have commented on WS. Weiss Ratings restated a “hold (c)” rating on shares of Worthington Steel in a research report on Wednesday, January 21st. Zacks Research raised Worthington Steel from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. KeyCorp boosted their price objective on shares of Worthington Steel from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Wall Street Zen raised shares of Worthington Steel from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.00.

Insider Buying and Selling

In related news, Director Scott J. Kelly acquired 7,000 shares of the stock in a transaction dated Tuesday, January 27th. The stock was bought at an average cost of $39.11 per share, with a total value of $273,770.00. Following the purchase, the director directly owned 16,157 shares of the company’s stock, valued at approximately $631,900.27. This represents a 76.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jon J. Bowsher acquired 2,500 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was purchased at an average price of $40.15 per share, for a total transaction of $100,375.00. Following the completion of the acquisition, the director owned 17,893 shares in the company, valued at approximately $718,403.95. This trade represents a 16.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Worthington Steel

A number of institutional investors and hedge funds have recently bought and sold shares of WS. Royal Bank of Canada lifted its position in shares of Worthington Steel by 14.8% during the first quarter. Royal Bank of Canada now owns 15,771 shares of the company’s stock worth $399,000 after purchasing an additional 2,038 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Worthington Steel by 89.4% in the first quarter. AQR Capital Management LLC now owns 50,634 shares of the company’s stock valued at $1,269,000 after purchasing an additional 23,899 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Worthington Steel by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,346 shares of the company’s stock valued at $490,000 after purchasing an additional 841 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Worthington Steel during the 2nd quarter worth $670,000. Finally, First Trust Advisors LP increased its stake in Worthington Steel by 3.9% during the 2nd quarter. First Trust Advisors LP now owns 127,877 shares of the company’s stock worth $3,815,000 after buying an additional 4,756 shares during the period. Hedge funds and other institutional investors own 45.41% of the company’s stock.

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.