Q2 Earnings Forecast for ASTL Issued By Stifel Canada

Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) - Equities researchers at Stifel Canada issued their Q2 2025 earnings per share estimates for shares of Algoma Steel Group in a report released on Wednesday, October 16th. Stifel Canada analyst I. Gillies expects that the company will earn $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 Price Performance

Shares of ASTL stock traded down $0.06 on Friday, reaching $10.01. 510,450 shares of the company were exchanged, compared to its average volume of 571,741. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 32.29 and a beta of 1.50. Algoma Steel Group has a 1 year low of $6.41 and a 1 year high of $10.71. The business has a 50-day moving average price of $10.00 and a 200 day moving average price of $8.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.15 and a current ratio of 4.19.

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

Hedge Funds Weigh In On Algoma Steel Group

Several hedge funds and other institutional investors have recently made changes to their positions in ASTL. Donald Smith & CO. Inc. lifted its stake in shares of Algoma Steel Group by 1.4% in the first quarter. Donald Smith & CO. Inc. now owns 9,758,398 shares of the company's stock worth $82,849,000 after buying an additional 134,919 shares in the last quarter. MMCAP International Inc. SPC lifted its stake in Algoma Steel Group by 152.2% in the 1st quarter. MMCAP International Inc. SPC now owns 7,789,470 shares of the company's stock worth $66,133,000 after purchasing an additional 4,700,510 shares in the last quarter. Thomist Capital Management LP boosted its holdings in shares of Algoma Steel Group by 100.3% during 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 during the last quarter. Intact Investment Management Inc. grew its position in shares of Algoma Steel Group by 7.2% in the second quarter. Intact Investment Management Inc. now owns 1,217,900 shares of the company's stock valued at $8,448,000 after purchasing an additional 81,700 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new stake in shares of Algoma Steel Group in the first quarter valued at approximately $7,663,000. Hedge funds and other institutional investors own 72.00% of the company's stock.

Algoma Steel Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.00%. Algoma Steel Group's 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.