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Latest ALE News From Around the Web
Below are the latest news stories about Allete Inc that investors may wish to consider to help them evaluate ALE as an investment opportunity.
Bethany M. Owen named Chair of ALLETE Board of Directors
ALLETE Board of Directors declares dividend on common stock
ALLETE to announce first quarter financial results May 6
Wind energy seems ready to continue its solid run as renewable sources of power gain prominence, making it wise to look at names like NextEra Energy (NEE) and ALLETE (ALE)
Last week saw the newest annual earnings release from ALLETE, Inc. ( NYSE:ALE ), an important milestone in the...
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 (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 earn...