Algoma Steel Group (ASTL) Scheduled to Post Earnings on Wednesday

Algoma Steel Group (NASDAQ:ASTL) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Algoma Steel Group to post earnings of $0.20 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Algoma Steel Group (NASDAQ:ASTL) last issued 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 business 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 Stock Up 2.3 %

ASTL opened at $10.59 on Monday. Algoma Steel Group has a twelve month low of $6.67 and a twelve month high of $10.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.15 and a current ratio of 4.19. The business has a 50 day moving average price of $10.11 and a 200 day moving average price of $8.76. The firm has a market cap of $1.11 billion, a P/E ratio of -28.62 and a beta of 1.49.

Algoma Steel Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, August 23rd. Algoma Steel Group’s payout ratio is -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.