Stelco (STL) to Release Earnings on Wednesday

Stelco (TSE:STL) will post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Stelco to post earnings of C$0.80 per share for the quarter.

Stelco (TSE:STL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$1.27 EPS for the quarter, missing analysts’ consensus estimates of C$1.39 by C($0.12). The business had revenue of C$746.00 million for the quarter, compared to analysts’ expectations of C$771.42 million.

Stelco Stock Performance

Stelco has a one year low of C$21.00 and a one year high of C$26.50.

Stelco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 17th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of ∞.

Wall Street Analysts Forecast Growth

Separately, Stifel Canada cut shares of Stelco from a “strong-buy” rating to a “hold” rating in a report on Monday, July 15th.

Stelco Company Profile

Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the United States. The company accepts deposit products, including checking, money market, savings, time, and interest and non-interest bearing demand deposits, as well as certificates of deposit and mortgage escrow funds.