Why Worthington Steel Stock Is Soaring Today
Worthington Steel (NYSE: WS) has not been a stand-alone public company for long, but its quarterly results appear to be getting it on a lot of investors' radar screens. Shares of Worthington were up 21% as of 1 p.m. ET.
Worthington Steel is a steel processing business that was formerly part of Worthington Industries. The steel operation, which specializes in steel laminations and automotive lightweight metals, made its market debut in December.
The steel company earned $0.99 per share on revenue of $805.8 million in its fiscal third quarter ending Feb. 29, an improvement from the $0.17 per share on sales of $780.7 million the business did as part of Worthington Industries a year ago. The sole Wall Street analyst who issued an estimate had forecast $0.80 per share in earnings.
Source Fool.com
Worthington Industries Inc. Stock
Currently there is a rather negative sentiment for Worthington Industries Inc. with 1 Buy predictions and 3 Sell predictions..
A slightly negative potential of -3.47% at a current price of 41.44 € for Worthington Industries Inc. is the result of a target price of 40 €.
