Equities Analysts Issue Forecasts for ASTL FY2025 Earnings

Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) - Equities research analysts at Cormark dropped their FY2025 EPS estimates for shares of Algoma Steel Group in a report issued on Tuesday, January 7th. Cormark analyst D. Ocampo now forecasts that the company will post earnings of ($1.48) per share for the year, down from their prior forecast of ($1.03). The consensus estimate for Algoma Steel Group's current full-year earnings is ($1.04) per share. Cormark also issued estimates for Algoma Steel Group's FY2026 earnings at ($0.08) EPS.

Algoma Steel Group Price Performance

NASDAQ ASTL traded down $0.10 during trading hours on Friday, reaching $8.23. 829,534 shares of the stock traded hands, compared to its average volume of 1,001,406. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66. The stock has a 50 day simple moving average of $10.27 and a two-hundred day simple moving average of $9.62. Algoma Steel Group has a 1 year low of $6.67 and a 1 year high of $12.14. The company has a market cap of $861.85 million, a price-to-earnings ratio of -6.48 and a beta of 1.49.

Algoma Steel Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, November 27th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a yield of 2.43%. Algoma Steel Group's payout ratio is -15.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC bought a new stake in shares of Algoma Steel Group in the 3rd quarter worth approximately $36,008,000. American Century Companies Inc. lifted its stake in Algoma Steel Group by 89.9% in the second quarter. American Century Companies Inc. now owns 308,543 shares of the company's stock worth $2,140,000 after purchasing an additional 146,104 shares during the last quarter. Renaissance Technologies LLC boosted its position in Algoma Steel Group by 106.8% during the second quarter. Renaissance Technologies LLC now owns 126,133 shares of the company's stock valued at $878,000 after buying an additional 65,133 shares during the period. Intact Investment Management Inc. grew its stake in shares of Algoma Steel Group by 6.6% during the third quarter. Intact Investment Management Inc. now owns 1,298,600 shares of the company's stock valued at $13,309,000 after buying an additional 80,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Algoma Steel Group in the second quarter worth about $939,000. 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.