Algoma Steel Group Inc. (NASDAQ:ASTL – Get Free Report) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Investors of record on Tuesday, July 2nd will be given a dividend of 0.05 per share on Friday, July 19th. This represents a $0.20 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, July 2nd.
Algoma Steel Group Trading Up 0.6 %
NASDAQ ASTL opened at $6.96 on Friday. The business’s 50-day moving average price is $7.60 and its two-hundred day moving average price is $8.23. Algoma Steel Group has a 12 month low of $6.34 and a 12 month high of $10.25. The firm has a market capitalization of $724.68 million, a PE ratio of 22.45 and a beta of 1.51. The company has a current ratio of 2.88, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09.
Algoma Steel Group (NASDAQ:ASTL – Get Free Report) last released its quarterly earnings results on Saturday, June 22nd. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Algoma Steel Group had a return on equity of 6.97% and a net margin of 3.81%. The firm had revenue of $460.35 million for the quarter, compared to analyst estimates of $439.82 million. During the same quarter in the previous year, the company posted ($0.14) EPS. On average, analysts expect that Algoma Steel Group will post -0.25 EPS for the current year.
Algoma Steel Group Company Profile
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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