Cormark Research Analysts Boost Earnings Estimates for Stelco Holdings Inc. (TSE:STL)

Stelco Holdings Inc. (TSE:STL) – Equities research analysts at Cormark lifted their Q1 2025 earnings per share (EPS) estimates for shares of Stelco in a report issued on Friday, August 9th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $1.14 for the quarter, up from their prior forecast of $1.03. Cormark also issued estimates for Stelco’s Q2 2025 earnings at $1.14 EPS, Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.16 EPS and FY2026 earnings at $4.55 EPS.

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

Stelco Price Performance

Stelco has a 52-week low of C$21.00 and a 52-week high of C$26.50.

Stelco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 19th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Monday, August 19th. This is a positive change from Stelco’s previous quarterly dividend of $0.50.

About Stelco

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.