Stelco Holdings Inc. Expected to Earn Q2 2024 Earnings of $0.46 Per Share (TSE:STL)

Stelco Holdings Inc. (TSE:STL) – Stifel Canada issued their Q2 2024 earnings per share (EPS) estimates for shares of Stelco in a note issued to investors on Tuesday, July 23rd. Stifel Canada analyst I. Gillies expects that the company will post earnings per share of $0.46 for the quarter. Stifel Canada currently has a “Hold” rating on the stock.

Stelco Stock Performance

Stelco has a 1 year low of C$21.00 and a 1 year high of C$26.50.

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

Stelco Dividend Announcement

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

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.