ALLETE (ALE) Expected to Announce Earnings on Thursday

ALLETE (NYSE:ALE - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect ALLETE to post earnings of $1.01 per share for the quarter.

ALLETE (NYSE:ALE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.87 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.15). ALLETE had a net margin of 11.72% and a return on equity of 5.97%.

ALLETE Stock Up 0.4 %

NYSE:ALE traded up $0.24 during trading hours on Friday, hitting $65.49. 454,416 shares of the stock traded hands, compared to its average volume of 375,869. The firm has a 50 day moving average price of $65.25 and a 200 day moving average price of $65.06. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 21.13 and a beta of 0.69. ALLETE has a fifty-two week low of $61.51 and a fifty-two week high of $65.99. The company has a current ratio of 1.08, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.

ALLETE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Thursday, May 15th. ALLETE's dividend payout ratio is currently 94.19%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of ALLETE in a report on Friday, January 10th. They set a "hold" rating on the stock.

ALLETE Company Profile

ALLETE, Inc operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers.