Stelco (STL) to Release Earnings on Wednesday

Stelco (TSE:STL) is set to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of C$0.80 per share for the quarter.

Stelco (TSE:STL) last released its earnings results on Wednesday, May 8th. The company reported C$1.27 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.39 by C($0.12). The business had revenue of C$746.00 million for the quarter, compared to analyst estimates of C$771.42 million.

Stelco Stock Performance

Stelco has a 1-year low of C$21.00 and a 1-year high of C$26.50.

Stelco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 17th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.00 annualized dividend and a dividend yield of ∞.

Analyst Upgrades and Downgrades

Separately, Stifel Canada lowered shares of Stelco from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 15th.

About Stelco

Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the United States. The company accepts deposit products, including checking, money market, savings, time, and interest and non-interest bearing demand deposits, as well as certificates of deposit and mortgage escrow funds.