What is Stifel Canada’s Estimate for ASTL FY2025 Earnings?

Algoma Steel Group Inc. (NASDAQ:ASTL) – Equities research analysts at Stifel Canada raised their FY2025 earnings per share estimates for Algoma Steel Group in a report issued on Wednesday, October 16th. Stifel Canada analyst I. Gillies now expects that the company will post earnings per share of ($0.73) for the year, up from their previous estimate of ($0.96). The consensus estimate for Algoma Steel Group’s current full-year earnings is ($0.69) per share. Stifel Canada also issued estimates for Algoma Steel Group’s FY2026 earnings at $1.23 EPS.

Algoma Steel Group Stock Down 2.4 %

Shares of NASDAQ:ASTL opened at $9.77 on Monday. The business’s 50 day moving average is $10.01 and its 200 day moving average is $8.62. The stock has a market cap of $1.02 billion, a P/E ratio of 31.52 and a beta of 1.50. Algoma Steel Group has a 52-week low of $6.41 and a 52-week high of $10.71. The company has a quick ratio of 2.15, a current ratio of 4.19 and a debt-to-equity ratio of 0.39.

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

Institutional Trading of Algoma Steel Group

Institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Algoma Steel Group by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,305 shares of the company’s stock valued at $563,000 after purchasing an additional 1,621 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Algoma Steel Group by 5.8% during the second quarter. CIBC Asset Management Inc now owns 103,334 shares of the company’s stock valued at $716,000 after buying an additional 5,674 shares during the period. Bank of Montreal Can raised its stake in Algoma Steel Group by 1.7% in the second quarter. Bank of Montreal Can now owns 364,422 shares of the company’s stock worth $2,536,000 after buying an additional 6,154 shares in the last quarter. Clayton Partners LLC purchased a new stake in Algoma Steel Group during the second quarter worth $73,000. Finally, XTX Topco Ltd purchased a new position in shares of Algoma Steel Group in the 2nd quarter valued at $73,000. 72.00% of the stock is currently owned by institutional investors.

Algoma Steel Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.05 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.20 annualized dividend and a dividend yield of 2.05%. Algoma Steel Group’s dividend payout ratio is currently 64.52%.

Algoma Steel Group Company Profile

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.