Algoma Steel Group (NASDAQ:ASTL - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.
Algoma Steel Group (NASDAQ:ASTL - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.04. Algoma Steel Group had a negative net margin of 0.72% and a negative return on equity of 1.23%. The company had revenue of $475.44 million during the quarter, compared to analysts' expectations of $444.32 million. On average, analysts expect Algoma Steel Group to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Algoma Steel Group Price Performance
Shares of NASDAQ:ASTL traded up $0.03 during trading on Wednesday, reaching $10.61. The stock had a trading volume of 588,117 shares, compared to its average volume of 568,018. Algoma Steel Group has a 52 week low of $6.67 and a 52 week high of $10.71. The business's 50-day moving average price is $10.07 and its 200 day moving average price is $8.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.19 and a quick ratio of 2.15. The stock has a market capitalization of $1.10 billion, a PE ratio of 34.10 and a beta of 1.50.
Algoma Steel Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, August 23rd. Algoma Steel Group's dividend payout ratio (DPR) is currently 64.52%.
About Algoma Steel Group
(
Get Free Report)
Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.
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