Algoma Steel Group (NASDAQ:ASTL) Releases Earnings Results, Beats Estimates By $0.08 EPS

Algoma Steel Group (NASDAQ:ASTLGet Free Report) issued its quarterly earnings results on Saturday. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08, Yahoo Finance reports. The business had revenue of $460.35 million during the quarter, compared to analyst estimates of $439.82 million. Algoma Steel Group had a net margin of 3.81% and a return on equity of 6.97%. During the same quarter last year, the business posted ($0.14) earnings per share.

Algoma Steel Group Trading Up 0.6 %

Shares of Algoma Steel Group stock traded up $0.04 on Monday, hitting $7.04. 126,736 shares of the company’s stock traded hands, compared to its average volume of 522,747. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.88 and a quick ratio of 0.98. Algoma Steel Group has a one year low of $6.34 and a one year high of $10.25. The firm’s 50-day moving average price is $7.68 and its two-hundred day moving average price is $8.28. The stock has a market capitalization of $733.00 million, a PE ratio of 22.58 and a beta of 1.51.

Algoma Steel Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, July 2nd. Algoma Steel Group’s payout ratio is 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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Earnings History for Algoma Steel Group (NASDAQ:ASTL)

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