Stelco Holdings Inc. to Post Q3 2024 Earnings of $0.64 Per Share, National Bank Financial Forecasts (TSE:STL)

Stelco Holdings Inc. (TSE:STL) – Analysts at National Bank Financial lowered their Q3 2024 earnings per share (EPS) estimates for Stelco in a note issued to investors on Tuesday, April 9th. National Bank Financial analyst M. Sytchev now expects that the company will earn $0.64 per share for the quarter, down from their previous estimate of $0.73. National Bank Financial currently has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Stelco’s Q4 2024 earnings at $0.63 EPS and FY2025 earnings at $4.23 EPS.

Separately, Stifel Canada upgraded Stelco from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd.

Stelco Stock Performance

Stelco has a 12 month low of C$21.00 and a 12 month high of C$26.50.

Stelco (TSE:STL) last issued its earnings results on Wednesday, February 21st. The company reported C$0.16 EPS for the quarter, beating analysts’ consensus estimates of C($0.16) by C$0.32. The firm had revenue of C$613.00 million during the quarter, compared to analyst estimates of C$624.61 million.

Stelco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, March 1st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Thursday, February 29th. This is a positive change from Stelco’s previous quarterly dividend of $0.42.