Algoma Steel Group (ASTL) Set to Announce Earnings on Tuesday

Algoma Steel Group (NASDAQ:ASTL) is set to announce its earnings results after the market closes on Tuesday, August 13th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.

Algoma Steel Group (NASDAQ:ASTL) last announced its quarterly earnings results on Saturday, June 22nd. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $460.35 million during the quarter, compared to analysts’ expectations of $439.82 million. Algoma Steel Group had a return on equity of 7.01% and a net margin of 3.81%. During the same period in the prior year, the company earned ($0.14) EPS. On average, analysts expect Algoma Steel Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Algoma Steel Group Trading Down 3.4 %

Shares of ASTL stock opened at $8.83 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 2.95 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $919.41 million, a P/E ratio of 28.48 and a beta of 1.48. Algoma Steel Group has a twelve month low of $6.34 and a twelve month high of $10.25. The stock’s fifty day simple moving average is $7.76 and its 200 day simple moving average is $7.97.

Algoma Steel Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Tuesday, July 2nd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Tuesday, July 2nd. Algoma Steel Group’s dividend payout ratio (DPR) is currently 64.52%.

Algoma Steel Group Company Profile

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.