Tree Island Steel (TSL) Scheduled to Post Earnings on Tuesday

Tree Island Steel (TSE:TSL) will issue its quarterly earnings data after the market closes on Tuesday, November 5th.

Tree Island Steel (TSE:TSL) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$57.72 million during the quarter. Tree Island Steel had a return on equity of 1.01% and a net margin of 0.61%.

Tree Island Steel Trading Down 3.5 %

TSE TSL opened at C$2.76 on Friday. Tree Island Steel has a 12 month low of C$2.48 and a 12 month high of C$3.70. The company has a current ratio of 5.39, a quick ratio of 1.75 and a debt-to-equity ratio of 21.10. The firm has a market capitalization of C$72.17 million, a P/E ratio of 55.20 and a beta of 0.96. The business has a fifty day simple moving average of C$2.75 and a 200 day simple moving average of C$2.90.

Tree Island Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date was Friday, September 27th. Tree Island Steel’s payout ratio is 240.00%.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.