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

Algoma Steel Group (NASDAQ:ASTL) is set to announce 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.

Algoma Steel Group (NASDAQ:ASTL) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The firm had revenue of $475.44 million during the quarter, compared to analysts’ expectations of $444.32 million. Algoma Steel Group had a negative net margin of 0.72% and a negative return on equity of 1.23%. 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 Price Performance

Shares of NASDAQ ASTL traded down $0.02 during trading on Wednesday, hitting $10.56. The company had a trading volume of 151,330 shares, compared to its average volume of 565,938. Algoma Steel Group has a 52 week low of $6.67 and a 52 week high of $10.71. The business’s 50-day moving average is $10.07 and its 200 day moving average is $8.70. The company has a market cap of $1.10 billion, a P/E ratio of 34.10 and a beta of 1.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.15 and a current ratio of 4.19.

Algoma Steel Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were given a dividend of $0.05 per share. 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 dividend payout ratio (DPR) is presently 64.52%.

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.