Streetbeat News

Worthington Steel, Inc.

https://www.worthingtonsteel.com

Industry

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. Worthington Steel, Inc. was incorporated in 2023 and is based in Columbus, Ohio.

Open

43.53

Mkt cap

2.2B

Volume

100K

High

44.25

P/E Ratio

17.18

52-wk high

47.19

Low

43.25

Div yield

0.01

52-wk low

21.00

Wall Street's most accurate analysts have made new stock picks, with significant upside potential identified in companies like Intel, HubSpot, APA Corporation, D.R. Horton, and Worthington Steel. These picks come amidst a backdrop of the Dow Jones experiencing its worst weekly performance in 2024. Analysts from firms such as Canaccord Genuity, Roth MKM, Wedbush, Keybanc, and Truist Securities have maintained or adjusted their ratings on these stocks, citing various corporate developments and financial results.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:46 pm

Keybanc analyst Philip Gibbs maintains an Overweight rating on Worthington Steel (NYSE:WS) and raises the price target from $39 to $40.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:29 am

Wall Street's most accurate analysts have made new stock picks for March, with notable mentions including LanzaTech Global, Inc. (LNZA), Leggett & Platt, Incorporated (LEG), RH (RH), Worthington Steel, Inc. (WS), and Riot Platforms, Inc. (RIOT). These picks come after a mixed close for U.S. stocks in February but overall gains for the month. The analysts' ratings and price targets vary, reflecting their views on the potential upside or downside of these stocks based on recent financial results and market performance.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 2:28 pm

Wall Street's most accurate analysts have made new stock picks for Q1, highlighting potential gains in companies like O'Reilly Automotive, Matador Resources, Leggett & Platt, Worthington Steel, and TeraWulf. These picks come after the S&P 500 and Dow Jones recorded their best first-quarter performances in years, with analysts from firms like Roth MKM, Truist Securities, Wells Fargo, Keybanc, and Cantor Fitzgerald providing their insights.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 5:14 am

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable adjustments for Worthington Steel, PVH Corp, Seagate Technology, Stoke Therapeutics, Axsome Therapeutics, Microsoft, Tesla, The Gap, Chipotle Mexican Grill, and argenx SE. These changes reflect the analysts' latest views on these companies' future prospects.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 12:30 pm

Keybanc analyst Philip Gibbs has maintained an Overweight rating on Worthington Steel (NYSE:WS) and increased the price target from $31 to $39.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:29 am

Lifezone Metals Limited received a license from Tanzania for a nickel, copper, and cobalt refining facility, planning a feasibility study by Q3 2024 and secured $50M in funding. Worthington Steel reported a 3% increase in Q3 sales to $805.8M and earnings of $49M, announcing a dividend. Ramaco Resources revealed over 1.5 million tons of rare earth oxide at its Brook Mine, indicating significant commercial potential. Alcoa Corporation issued $750M in senior notes for green projects, marking its first Green Finance Instrument.

Portfolio Pulse from Michael Cohen

March 22, 2024 | 9:08 pm

Cutera, Inc. (NASDAQ:CUTR) shares plummeted over 26% after reporting a Q4 adjusted EPS loss significantly worse than expected, despite beating sales forecasts. Other stocks experienced notable movements, with Murano Global Investments PLC (NASDAQ:MRNO) and Nova LifeStyle, Inc. (NASDAQ:NVFY) leading the gainers, while BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) and Sintx Technologies, Inc. (NASDAQ:SINT) were among the biggest losers.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 6:39 pm

Worthington Steel, Inc. (NYSE:WS) shares surged after reporting Q3 fiscal 2024 earnings of 99 cents per share, surpassing Wall Street expectations of 84 cents. Revenues reached $805.80 million, beating forecasts of $700.50 million, with a 3% year-over-year increase. The company also announced a quarterly dividend of $0.16 per share, payable on June 28, 2024. The stock price jumped 24.7% to $39.79.

Portfolio Pulse from Nabaparna Bhattacharya

March 22, 2024 | 4:27 pm

Worthington Steel's shares surged following the announcement of their Q3 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 2:46 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.