Algoma Steel Group (ASTL) Set to Announce Quarterly Earnings on Wednesday

Algoma Steel Group (NASDAQ:ASTL) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Algoma Steel Group (NASDAQ:ASTL) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. Algoma Steel Group had a negative return on equity of 1.23% and a negative net margin of 0.72%. The firm had revenue of $475.44 million for the quarter, compared to analyst estimates of $444.32 million. On average, analysts expect Algoma Steel Group to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Algoma Steel Group Trading Up 1.2 %

Shares of ASTL traded up $0.13 during trading hours on Tuesday, hitting $10.55. 162,671 shares of the stock traded hands, compared to its average volume of 564,132. The business has a fifty day moving average of $10.12 and a 200-day moving average of $8.78. The firm has a market capitalization of $1.10 billion, a PE ratio of -28.43 and a beta of 1.49. Algoma Steel Group has a 1-year low of $6.67 and a 1-year high of $10.73. The company has a current ratio of 4.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.39.

Algoma Steel Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.05 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.20 annualized dividend and a yield of 1.90%. Algoma Steel Group’s dividend payout ratio is currently -54.05%.

About Algoma Steel Group

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.