KeyBanc lowers Worthington Steel, Inc. (WS) PT after weak Q3 results
KeyBanc has lowered its price target for Worthington Steel, Inc. (WS) following the company's weak third-quarter results. The adjustment reflects analyst concerns regarding the company's recent financial performance.
WS PE Ratio & Valuation, Is WS Overvalued
This article analyzes the valuation of Worthington Steel Inc (WS), concluding that it is currently overvalued. Its forward PE ratio of 16.84 exceeds its five-year average, and its current price of $30.25 is above its fair value range of $19.58 to $29.68. The company's P/S ratio also indicates it is trading above the industry average, despite strong revenue growth.
Worthington Steel Experiences Revision in Its Stock Evaluation Amid Mixed Market Signals
Worthington Steel, Inc. has seen a technical trend adjustment, with its stock price dropping to $28.10 from $29.79. The company's stock has underperformed the S&P 500 over the past year and shown a significant decline of -32.39% in the last month, indicating mixed market signals and challenges in the current environment despite some short-term resilience. Technical indicators reveal a generally bearish outlook for the ferrous metals industry player.
SG Americas Securities LLC Invests $3.27 Million in Worthington Steel, Inc. $WS
SG Americas Securities LLC acquired a new stake of 94,562 shares in Worthington Steel (NYSE:WS) during Q4, valued at approximately $3.27 million. This investment comes despite Worthington Steel missing its Q1 earnings and revenue estimates, though the company did announce a quarterly dividend. Insider confidence is indicated by recent stock purchases from directors Jon J. Bowsher and Scott J. Kelly, increasing their positions significantly.
KeyBanc Lowers Worthington Steel, Inc. (WS) PT After Weak Q3 Results
KeyBanc has reduced its price target for Worthington Steel, Inc. (WS) to $38 from $46, while maintaining an Overweight rating, following the company's weaker-than-expected Q3 fiscal 2026 results. The firm also lowered its EPS forecasts for fiscal years 2026 and 2027 due to tight galvanized spreads and anticipated slower spread recovery. Worthington Steel reported increased net sales but a significant drop in operating income for the quarter ending February 28.
KeyBanc Lowers Worthington Steel, Inc. (WS) PT After Weak Q3 Results
KeyBanc has reduced its price target for Worthington Steel, Inc. (WS) to $38 from $46, while maintaining an Overweight rating, following the company's weaker-than-expected Q3 fiscal 2026 results. The firm also lowered its EPS forecasts for fiscal 2026 and 2027 due to tight galvanized spreads and anticipated slower recovery. Despite reporting a 12% increase in Q3 net sales to $769.8 million, Worthington Steel saw its operating income decline, and it declared a quarterly dividend of $0.16 per share.
Worthington Steel, Inc. Shareholders Are Encouraged to
Johnson Fistel, PLLP is investigating potential claims for investors of Worthington Steel, Inc. (NYSE: WS) after the company reported declining operating income and gross margin for Q3 fiscal 2026. The firm is examining whether Worthington Steel's executive officers complied with federal securities laws, prompted by the stock's sharp decline following these disclosures. Investors who suffered losses are encouraged to join the investigation to explore recovery of their losses.
Worthington Steel, Inc. Shareholders Are Encouraged to
Johnson Fistel, PLLP is investigating potential claims for Worthington Steel, Inc. (NYSE: WS) investors who suffered losses. The investigation follows Worthington Steel's Q3 fiscal 2026 results, which showed declining operating income, decreased gross margin, and increased SG&A expenses, leading to a sharp decline in stock price. The law firm is examining whether federal securities laws were violated and encourages affected investors to contact them for more information.
Worthington Steel Secures Majority Stake in Klöckner & Co
Worthington Steel, Inc. (WS) has successfully secured a majority stake in Klöckner & Co SE, a German steel and metal processor, after its cash takeover offer cleared the 57.5% minimum acceptance threshold. The acquisition, valued at €11 per share, is expected to close in the second half of 2026 and aims to expand Worthington Steel's global reach and processing capabilities. Analysts currently rate WS stock as a Buy with a $38.00 price target, though TipRanks' AI Analyst, Spark, notes "Neutral" sentiment due to weak technicals and an expensive earnings multiple.
WS SEC Filings - Worthington Steel 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for investors and traders to access Worthington Steel (WS) SEC filings, including annual reports (10-K), quarterly reports (10-Q), material event reports (8-K), and insider trading forms (Form 4). Each filing features an AI-generated summary, sentiment and impact scores, and end-of-day stock performance data to offer insights into market reactions. The platform combines real-time EDGAR updates with Rhea-AI's analytics to facilitate understanding of regulatory disclosures and financial reporting.
Worthington Steel Hits Day Low of $28.60 Amid Price Pressure
Worthington Steel, Inc. experienced significant stock volatility on March 26, 2026, with a 14.91% decline, reaching an intraday low of $28.60. Despite a 13.92% year-over-year increase, the company has faced challenges including a 31.39% decline over the past month, four consecutive quarterly losses, and a 29.08% net profit decline. The company has a market capitalization of $1,640 million, a P/E ratio of 12.00, and a return on equity of 11.77%.
Worthington Steel (NYSE: WS) passes 58.8% in Kloeckner cash tender offer
Worthington Steel (NYSE: WS) has successfully surpassed the minimum acceptance threshold in its voluntary public tender offer for Kloeckner & Co SE, securing approximately 58.8% of Kloeckner’s issued share capital. This achievement moves Worthington Steel closer to control, with an additional acceptance period for remaining shareholders running from April 1 to April 14, 2026. The all-cash offer of €11.00 per share, representing a 98% premium, is recommended by Kloeckner’s boards, and completion is expected in the second half of 2026, subject to regulatory approvals.
Worthington Steel Secures Majority Stake in Klöckner & Co
Worthington Steel (WS) successfully secured a majority stake of approximately 58.8% in German steel and metal processor Klöckner & Co SE, surpassing the 57.5% minimum acceptance threshold for its €11-per-share cash takeover offer. The acquisition is expected to close in the second half of 2026, pending regulatory approvals, and will significantly expand Worthington Steel's geographic reach and processing capabilities. TipRanks' AI Analyst, Spark, rates WS as Neutral due to weak technicals and an expensive earnings multiple, despite positive profitability.
Worthington Steel Exceeds Minimum Acceptance Threshold for Kloeckner & Co Offer; Additional Acceptance Period Available Until April 14, 2026
Worthington Steel announced it has exceeded the minimum acceptance threshold of 57.5% for its tender offer for Kloeckner & Co SE, securing approximately 58.8% of Kloeckner's share capital. Kloeckner shareholders who have not yet accepted the offer can do so during an additional acceptance period from April 1 to April 14, 2026. Worthington Steel reaffirmed its intention to enter into a domination and profit and loss transfer agreement with Kloeckner and may consider further structural measures post-completion.
Worthington Steel secures ~58.8% of Kloeckner shares; additional acceptance period through Apr 14
Worthington Steel has successfully acquired approximately 58.8% of Kloeckner & Co's share capital, surpassing the 57.5% minimum acceptance threshold. An additional acceptance period for the all-cash offer of €11.00 per share runs from April 1 to April 14, 2026. The completion of the acquisition, subject to regulatory approvals, is anticipated in the second half of 2026.
Worthington Steel (WS) Is Down 12.0% After Mixed Q3 Results And Dividend Declaration Has The Bull Case Changed?
Worthington Steel (WS) reported mixed Q3 results with higher sales but softer quarterly net income, alongside a maintained dividend of US$0.16 per share. The company aims to balance growth in electrical and automotive steel with ongoing cash returns, despite cyclical markets. While revenue increased, the dip in quarterly profit suggests that margin resilience remains a key focus for investors, especially with volatile steel pricing and demand in other sectors.
Worthington Steel (WS) Is Down 12.0% After Mixed Q3 Results And Dividend Declaration Has The Bull Case Changed?
Worthington Steel (WS) reported mixed Q3 results with higher sales of US$769.8 million but lower quarterly net income of US$10.4 million, though nine-month earnings improved to US$66 million. Despite the soft quarterly profit, the company declared a US$0.16 per share dividend, maintaining its payout to balance growth investments and shareholder returns. Investors are urged to consider the company's long-term forecast of $3.8 billion revenue and $159.2 million earnings by 2029, suggesting a significant upside to its current price despite recent stock performance.
Worthington Steel's third-quarter earnings fall short of expectations, while revenue rises year over year
Worthington Steel (WS) reported Q3 fiscal 2026 adjusted earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.47, despite a 12% year-over-year revenue increase to $770 million. The company's gross profit declined due to decreased toll volumes and increased costs, leading to a significant drop in operating income. Worthington Steel is also in the process of acquiring Kloeckner & Co SE, with the transaction expected to close in the second half of 2026.
Worthington Steel's Q3 Earnings Miss Estimates, Sales up Y/Y
Worthington Steel (WS) reported adjusted earnings of 27 cents per share for the third quarter of fiscal 2026, missing the Zacks Consensus Estimate of 47 cents, although net revenues increased 12% year over year to $770 million. The company's operating income decreased significantly due to lower toll volumes and increased selling, general, and administrative expenses. Worthington Steel has also initiated a voluntary public tender offer to acquire Kloeckner & Co SE, with the transaction expected to close in the second half of 2026.
Worthington Steel Recognized as a Columbus Top Workplace for 14th Consecutive Year
Worthington Steel has been named a Top Workplace in Columbus for the 14th consecutive year by Columbus CEO magazine, an honor based entirely on employee feedback. The company also received a special Managers award, recognizing positive employee sentiment regarding managerial support and development. This consistent recognition highlights Worthington Steel's commitment to a strong, people-first culture rooted in its Philosophy and the Golden Rule.
Worthington Steel's third-quarter earnings fall short of expectations, while revenue rises year over year
Worthington Steel (WS) reported adjusted earnings of $0.27 per share for its fiscal Q3 2026, missing consensus estimates of $0.47, despite a 12% year-over-year increase in net revenue to $770 million. The company's gross profit declined by 6.3% due to reduced toll volumes and other costs, leading to a significant drop in operating income. Worthington Steel also announced a planned acquisition of German metals processor Kloeckner & Co SE, expected to finalize in the second half of 2026.
Worthington Steel (NYSE:WS) Lowered to "Buy" Rating by Wall Street Zen
Worthington Steel (NYSE:WS) has been downgraded by Wall Street Zen from a "strong-buy" to a "buy" rating after its Q3 results missed analyst expectations for EPS and revenue. This led to a share decline and concerns over near-term margins and demand, though the company is pursuing a strategic acquisition of Kloeckner and declared a quarterly cash dividend. The average analyst rating is now "Hold" with a target price of $46.00.
Vanguard-owned position disaggregated for Worthington Steel (NYSE: WS)
The Vanguard Group filed an amended Schedule 13G/A for Worthington Steel (WS), reporting zero beneficial ownership due to an internal realignment effective January 12, 2026. This disaggregation means that certain Vanguard subsidiaries or business divisions will now report their holdings separately, in accordance with SEC Release No. 34-39538. The filing, signed on March 27, 2026, reflects that The Vanguard Group no longer holds voting or dispositive power over these securities.
Worthington Steel (NYSE:WS) Shares Down 7.8% - What's Next?
Worthington Steel (NYSE:WS) shares dropped 7.8% after reporting Q3 EPS of $0.27 against an expected $0.47 and revenue of $769.8M, missing the consensus of $883M. Despite a 12% year-over-year revenue increase, weaker margins led to the selloff. The company declared a quarterly dividend of $0.16 per share and reiterated strategic plans, including the Kloeckner acquisition in H2 2026 and AI-driven efficiency, which could improve scale and margins.
Worthington Steel (WS) EPS Slide To US$0.21 Tests Bullish Efficiency Narrative
Worthington Steel (WS) reported Q3 2026 results with basic EPS falling to US$0.21 on US$769.8 million in revenue, which challenges the bullish narrative of efficiency gains and new business wins. While trailing twelve-month EPS shows 12.5% growth, the recent quarterly decline raises questions about margin quality and the ability of future growth drivers to offset weaker pricing. The stock trades at a lower P/E ratio compared to industry averages, reflecting market uncertainty regarding its mixed earnings history against optimistic future growth forecasts.
KeyBanc cuts Worthington Steel stock price target on weak spreads
KeyBanc has lowered its price target for Worthington Steel Inc. (NYSE:WS) shares from $46 to $38, while maintaining an Overweight rating. This reduction follows the company's third-quarter results and expectations of a slower recovery in galvanized spreads and lower volumes, leading to revised fiscal 2026 and 2027 earnings estimates. The stock is currently trading significantly below its 52-week high, and a recent earnings per share report showed a substantial shortfall compared to analyst projections.
KeyBanc cuts Worthington Steel stock price target on weak spreads
KeyBanc has reduced its price target for Worthington Steel Inc. (NYSE:WS) to $38 from $46, while maintaining an Overweight rating. This adjustment follows the company's third-quarter results and projections for a slower recovery in galvanized spreads and lower volumes in fiscal 2027. The stock is currently trading significantly below its 52-week high, and the firm cited a difficult start to calendar year 2026 for MSCI and persistently tight galvanized spreads as key factors for the revised outlook.
Worthington Steel, Inc. 2026 Q3 - Results - Earnings Call Presentation (NYSE:WS) 2026-03-26
Worthington Steel, Inc. (NYSE:WS) released its Q3 2026 earnings, reporting an EPS of $0.27, which missed estimates by $0.20. The company's revenue was $769.80 million, a decline of 11.99% year-over-year, and also missed analyst expectations by $87.40 million. This article provides the earnings call presentation slides that accompany these results.
Worthington Steel, Inc. (NYSE:WS) Plans Quarterly Dividend of $0.16
Worthington Steel, Inc. (NYSE:WS) has announced a quarterly dividend of $0.16 per share, to be paid on June 26th to shareholders of record on June 12th, resulting in an annualized dividend yield of 1.8%. The company recently reported quarterly EPS of $0.27 and revenue of $769.8 million, missing analyst estimates but showing a 12% increase year-over-year. Shares opened at $34.90, giving the company a market capitalization of $1.77 billion.
Worthington Steel Posts Downbeat Earnings, Joins MillerKnoll And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Worthington Steel (NYSE:WS) reported weaker-than-expected third-quarter financial results, leading to a 14.1% dip in pre-market trading. The company missed analyst estimates for both earnings per share and revenue. Several other stocks, including MillerKnoll Inc (NASDAQ:MLKN) and urban-gro Inc (NASDAQ:UGRO), also saw significant declines in pre-market due to disappointing financial news.
Worthington Steel (NYSE: WS) grows Q3 sales, advances Klöckner bid and maintains dividend
Worthington Steel reported a 12% increase in Q3 fiscal 2026 net sales to $769.8 million, driven by higher direct volumes and selling prices, though operating income declined due to increased SG&A and costs associated with the Klöckner acquisition. The company is advancing its voluntary public tender offer for Klöckner & Co SE at €11 per share, with completion expected in the second half of 2026. Worthington Steel also declared a quarterly dividend of $0.16 per common share.
Worthington Steel, Inc. Declares Quarterly Dividend, Payable on June 26, 2026
Worthington Steel, Inc. has announced a quarterly dividend of $0.16 per common share. This dividend is scheduled to be paid on June 26, 2026, to shareholders who are on record as of June 12, 2026. The announcement was made on March 25, 2026, and reflects the company's consistent dividend policy.
Worthington Steel Reports Third Quarter Fiscal 2026 Results
Worthington Steel (NYSE: WS) reported its fiscal third quarter 2026 results, showing increased net sales but decreased operating income and net earnings compared to the prior year. The company announced a major step towards acquiring Kloeckner & Co SE with a voluntary public tender offer for €11 per share, expected to close in the second half of calendar year 2026. Despite macroeconomic challenges, Worthington Steel also declared a quarterly dividend of $0.16 per share.
Worthington Steel sales rose, but Kloeckner deal costs cut profit
Worthington Steel reported that its fiscal third-quarter 2026 sales increased by 12% to $769.8 million compared to the previous year. However, net earnings attributable to controlling interest decreased to $10.4 million, or $0.20 per diluted share, primarily due to $15.4 million in professional fees related to the proposed acquisition of Kloeckner & Co SE. Despite the earnings dip, the company is moving forward with the Kloeckner acquisition, which CEO Geoff Gilmore believes will be transformative for Worthington Steel.
Worthington Steel tumbles on earnings miss and weak results
Worthington Steel Inc. (NYSE:WS) shares experienced a significant drop after reporting third-quarter results that missed analyst expectations for both earnings and revenue. The company posted adjusted earnings per share of $0.27 against an estimated $0.46, and revenue of $769.8 million, falling short of the $883 million estimate. Operational challenges included a decline in operating income due to higher SG&A expenses, partly from professional fees related to its proposed acquisition of Kloeckner & Co SE, and decreased gross margin driven by lower toll volumes.
Worthington Steel Declares Quarterly Dividend
Worthington Steel, Inc. (NYSE: WS) announced a quarterly dividend of $0.16 per common share, payable on June 26, 2026, to shareholders of record as of June 12, 2026. The company also scheduled a conference call for March 26, 2026, to discuss its fiscal 2026 third-quarter results. Worthington Steel is a North American metals processor specializing in highly technical and customized steel solutions.
Worthington Steel faces earnings test as acquisition looms
Worthington Steel is expected to report a significant rebound in fiscal third-quarter earnings, with analysts projecting $0.62 per share. The company is also navigating its $2.4 billion acquisition of Germany's Kloeckner & Co, which aims to create the second-largest steel service center in North America. Investors will be focused on margin recovery, updates on the Kloeckner tender offer, and market share trends amidst a challenging steel industry environment.
KeyBanc assumes coverage on Worthington Steel stock with overweight rating
KeyBanc has initiated coverage on Worthington Steel Inc (NYSE:WS) with an overweight rating and a price target of $46.00, revised down from $47. The firm projects continued spread tightness to ease, leading to improved EBITDA in fiscal years 2026 and 2027, driven by electrical steel initiatives and market recovery. This comes as Worthington Steel is also pursuing an acquisition of Kloeckner & Co, aiming to expand its market position in North America.
Trading the Move, Not the Narrative: (WS) Edition
This article provides an analysis of Worthington Steel Inc. (NYSE: WS), highlighting weak near and mid-term sentiment but a positive long-term outlook. It details AI-generated trading strategies for different risk profiles, including position trading, momentum breakout, and risk hedging strategies, along with multi-timeframe signal analysis. The report emphasizes real-time signals, risk management, and personalized alerts available through Stock Traders Daily.
Worthington Steel Sees Net AI Downgrades as Risk-Reward Turns More Balanced
Worthington Steel (WS) has received net downgrades from TipRanks AI analysts, shifting to a more cautious stance despite solid fundamentals and strategic progress. The downgrades are primarily driven by weak technicals, cyclical risks, and a valuation considered fair rather than compelling, indicating a less favorable risk-reward profile. While the company demonstrates financial strength and M&A optionality, investors are advised to exercise tighter risk controls due to the challenging technical backdrop and integration risks associated with acquisitions.
Worthington Steel (WS) Expected to Announce Quarterly Earnings on Wednesday
Worthington Steel (NYSE:WS) is set to release its Q3 2026 earnings on Wednesday, March 25th, with analysts forecasting $0.47 EPS and $882.95 million in revenue. The company previously missed EPS estimates but beat revenue expectations in the prior quarter, experiencing an 18% year-over-year revenue increase. The stock currently holds a "Hold" consensus rating with an average target price of $39.00, while recent insider activity shows directors acquiring shares.
Kloeckner Metals Americas delivers record Q4 shipments as Worthington bid keeps advancing
Kloeckner Metals Americas achieved record fourth-quarter shipments in 2025, contributing to improved net income for Klöckner & Co. Group. This strong performance occurred despite pricing and currency headwinds, as Worthington Steel continues its public takeover bid for Klöckner, nearing the required control threshold. The company is also investing in capacity expansions in North America and Mexico, with CEO John Ganem anticipating a "decent recovery" in North American steel demand for 2026.
Assessing Worthington Steel (WS) Valuation After A Sharp Multi‑Period Share Price Pullback
Worthington Steel (WS) has experienced a significant stock pullback recently, despite a nearly 30% return over the past year. Analysts project the stock to be 30.5% undervalued with a fair value of $47 per share, driven by anticipated increased demand in the electrical steel market due to AI and data center growth, as well as strategic investments. Investors are encouraged to assess whether the current market sentiment presents a temporary undervaluation or if future growth is already priced in.
Assessing Worthington Steel (WS) Valuation After A Sharp Multi‑Period Share Price Pullback
Worthington Steel (WS) has experienced a significant share price pullback, leading to a debate about its current valuation. Despite recent declines, the company's valuation narrative suggests it is 30.5% undervalued, with a fair value pegged at $47 per share due to anticipated growth in the electrical steel market and strategic investments. However, potential risks like weaker shipments and cost inflation could impact this outlook.
Klöckner & Co SE Management and Supervisory Boards reiterate recommendation to accept Worthington Steel takeover offer
Klöckner & Co SE's Management and Supervisory Boards have reaffirmed their recommendation for shareholders to accept the takeover offer from Worthington Steel, following Worthington Steel's decision to lower the minimum acceptance threshold from 65% to 57.5%. The boards believe this adjustment increases the likelihood of the transaction's successful completion. As a result of the amendment, the acceptance period for the offer has been extended to March 26, 2026.
Assessing Worthington Steel (WS) Valuation After A Sharp Multi‑Period Share Price Pullback
Worthington Steel (WS) has experienced a significant share price pullback recently, declining 31% over the past month, despite a 30% return over the last year. Analysts suggest the stock is 30.5% undervalued with a fair value of $47 per share, significantly higher than its current $32.68. The narrative supporting this valuation highlights increased demand in the electrical steel market driven by AI, data centers, and strategic acquisitions, although potential risks from weaker shipments and cost inflation exist.
Worthington Steel Lowers Threshold in Klöckner Takeover Bid
Worthington Steel, through its German subsidiary, has lowered the minimum acceptance threshold for its all-cash takeover bid of Klöckner & Co SE from 65% to 57.5%, keeping the €11.00 per-share price constant. This move aims to increase the likelihood of closing the transaction, as Worthington Steel already holds about 56.9% of Klöckner's shares, with the acceptance period extended to March 26, 2026. The acquisition is intended to expand Worthington Steel's service-center and higher value-added steel processing footprint.
Worthington Steel (NYSE: WS) eases Kloeckner bid with 57.5% acceptance bar
Worthington Steel (NYSE: WS) has lowered the minimum acceptance threshold for its voluntary all-cash takeover offer for Klöckner & Co SE from 65% to 57.5% of Kloeckner’s issued share capital. This amendment extends the acceptance period to March 26, 2026, though the offer price remains at €11.00 per share. As of March 9, 2026, Worthington Steel had secured approximately 56.9% of Kloeckner shares, bringing the acquisition closer to completion as both Kloeckner's Management and Supervisory Boards recommend the offer.
American Century Companies Inc. Buys 206,778 Shares of Worthington Steel, Inc. $WS
American Century Companies Inc. increased its stake in Worthington Steel, Inc. (NYSE:WS) by 51.3% in the third quarter, acquiring an additional 206,778 shares to bring its total ownership to 609,810 shares valued at $18.53 million. Other institutional investors like Teacher Retirement System of Texas and Bridgeway Capital Management LLC also significantly boosted their holdings. Insider activity shows directors Scott J. Kelly and Jon J. Bowsher recently purchased shares, collectively increasing their ownership.
Worthington decreases mandatory share threshold for Kloeckner buy
Worthington Steel has lowered its minimum acceptance threshold for the Kloeckner & Co. acquisition from 65% to 57.5%, without increasing its purchase price. The company has already secured 56.9% of Kloeckner’s issued share capital, and the offer period has been extended to March 26, 2026. This acquisition aims to create the second-largest steel service center firm in North America, with an implied enterprise value of $2.4 billion.
