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3,823.25-4.75(-0.12%)Dow Futures
31,263.00-108.00(-0.34%)Nasdaq Futures
12,806.25-25.50(-0.20%)
Chart Events
Performance Outlook
| Previous Close | 63.24 |
| Open | 63.42 |
| Bid | 0.00 x 3100 |
| Ask | 0.00 x 1200 |
| Day's Range | 62.29 - 64.56 |
| 52 Week Range | 48.22 - 77.39 |
| Volume | 250,032 |
| Avg. Volume | 341,658 |
| Market Cap | 3.252B |
| Beta (5Y Monthly) | 0.45 |
| PE Ratio (TTM) | 18.62 |
| EPS (TTM) | 3.35 |
| Earnings Date | May 04, 2021 - May 10, 2021 |
| Forward Dividend & Yield | 2.52 (3.98%) |
| Ex-Dividend Date | Feb 12, 2021 |
| 1y Target Est | 68.60 |
Fair Value
Related Research
- Simply Wall St.
Analyst Estimates: Here's What Brokers Think Of ALLETE, Inc. (NYSE:ALE) After Its Annual Report
Last week saw the newest annual earnings release from ALLETE, Inc. ( NYSE:ALE ), an important milestone in the...
- Motley Fool
ALLETE (ALE) Q4 2020 Earnings Call Transcript
Certain statements contained in this conference call that are not descriptions of historical facts are forward-looking statements such as terms defined in the Private Securities Litigation Reform Act of 1995. Because such statements can include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include but are not limited to those discussed in filings made by the company with the Securities and Exchange Commission.
- Benzinga
Looking Into ALLETE's Return On Capital Employed
ALLETE (NYSE:ALE) showed a loss in earnings since Q3, totaling $36.40 million. Sales, on the other hand, increased by 9.02% to $320.40 million during Q4. In Q3, ALLETE earned $41.60 million and total sales reached $293.90 million. What Is Return On Capital Employed? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q4, ALLETE posted an ROCE of 0.01%. Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future. View more earnings on ALE ROCE is an important metric for the comparison of similar companies. A relatively high ROCE shows ALLETE is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and earnings per share growth. In ALLETE's case, the positive ROCE ratio will be something investors pay attention to before making long-term financial decisions. Q4 Earnings Recap ALLETE reported Q4 earnings per share at $0.9/share, which beat analyst predictions of $0.75/share. See more from BenzingaClick here for options trades from BenzingaRecap: ALLETE Q4 EarningsEarnings Scheduled For February 17, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
