Brokers Offer Predictions for ASTL Q2 Earnings

Algoma Steel Group Inc. (NASDAQ:ASTL) – Investment analysts at Stifel Canada issued their Q2 2025 EPS estimates for Algoma Steel Group in a research note issued on Wednesday, October 16th. Stifel Canada analyst I. Gillies expects that the company will post earnings of $0.20 per share for the quarter. The consensus estimate for Algoma Steel Group’s current full-year earnings is ($0.69) per share.

Algoma Steel Group Stock Performance

Shares of ASTL opened at $10.01 on Friday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 32.29 and a beta of 1.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.19 and a quick ratio of 2.15. Algoma Steel Group has a one year low of $6.41 and a one year high of $10.71. The business has a fifty day moving average of $10.00 and a 200 day moving average of $8.61.

Algoma Steel Group (NASDAQ:ASTL) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The business had revenue of $475.44 million during the quarter, compared to the consensus estimate of $444.32 million. Algoma Steel Group had a negative net margin of 0.72% and a negative return on equity of 1.23%.

Algoma Steel Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, August 23rd. Algoma Steel Group’s payout ratio is currently 64.52%.

Institutional Trading of Algoma Steel Group

Several large investors have recently added to or reduced their stakes in the business. MMCAP International Inc. SPC raised its position in Algoma Steel Group by 152.2% in the first quarter. MMCAP International Inc. SPC now owns 7,789,470 shares of the company’s stock worth $66,133,000 after acquiring an additional 4,700,510 shares during the period. Thomist Capital Management LP increased its stake in shares of Algoma Steel Group by 100.3% in the 1st quarter. Thomist Capital Management LP now owns 5,007,597 shares of the company’s stock worth $42,514,000 after purchasing an additional 2,508,133 shares in the last quarter. Yaupon Capital Management LP purchased a new position in Algoma Steel Group during the first quarter valued at $7,663,000. Russell Investments Group Ltd. grew its holdings in Algoma Steel Group by 63.1% during the first quarter. Russell Investments Group Ltd. now owns 409,658 shares of the company’s stock valued at $3,485,000 after purchasing an additional 158,526 shares during the period. Finally, American Century Companies Inc. grew its holdings in Algoma Steel Group by 89.9% during the second quarter. American Century Companies Inc. now owns 308,543 shares of the company’s stock valued at $2,140,000 after purchasing an additional 146,104 shares during the period. 72.00% of the stock is currently owned by institutional investors.

About Algoma Steel Group

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.