Previous Close | 61.53 |
Open | 61.93 |
Bid | 62.13 x 1000 |
Ask | 63.20 x 800 |
Day's Range | 61.75 - 63.34 |
52 Week Range | 56.55 - 71.68 |
Volume | |
Avg. Volume | 307,546 |
Market Cap | 3.328B |
Beta (5Y Monthly) | 0.60 |
PE Ratio (TTM) | 21.50 |
EPS (TTM) | 2.94 |
Earnings Date | Feb 15, 2022 - Feb 21, 2022 |
Forward Dividend & Yield | 2.60 (4.19%) |
Ex-Dividend Date | May 13, 2022 |
1y Target Est | 66.50 |
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.
Allete (ALE) delivered earnings and revenue surprises of 6.35% and 6.56%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
DULUTH, Minn., August 03, 2022--ALLETE, Inc. (NYSE: ALE) today reported second quarter 2022 earnings of 67 cents per share on net income of $37.6 million. Last year’s results were 53 cents per share on net income of $27.9 million. Included in this year’s quarterly results were transaction fees of $1.6 million after-tax, or 3 cents per share, and purchase price accounting impacts of $4 million after-tax, or 7 cents per share, related to the acquisition of New Energy Equity LLC.