Research Analysts Set Expectations for ASTL FY2025 Earnings

Algoma Steel Group Inc. (NASDAQ:ASTL) – Equities research analysts at Cormark cut their FY2025 earnings per share (EPS) estimates for shares of Algoma Steel Group in a report released on Tuesday, January 7th. Cormark analyst D. Ocampo now expects that the company will post earnings of ($1.48) per share for the year, down from their previous 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

Algoma Steel Group stock opened at $8.33 on Friday. The company has a quick ratio of 1.66, a current ratio of 3.31 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $872.33 million, a PE ratio of -6.56 and a beta of 1.49. The firm’s 50-day simple moving average is $10.27 and its 200 day simple moving average is $9.62. Algoma Steel Group has a 52 week low of $6.67 and a 52 week high of $12.14.

Institutional Trading of Algoma Steel Group

Several hedge funds and other institutional investors have recently bought and sold shares of ASTL. Clayton Partners LLC purchased a new stake in shares of Algoma Steel Group during the second quarter valued at approximately $73,000. XTX Topco Ltd acquired a new position in shares of Algoma Steel Group in the 2nd quarter valued at approximately $73,000. Wexford Capital LP purchased a new position in shares of Algoma Steel Group during the 3rd quarter valued at approximately $107,000. Net Worth Advisory Group acquired a new stake in shares of Algoma Steel Group during the third quarter worth approximately $159,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Algoma Steel Group by 13.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 21,188 shares of the company’s stock worth $217,000 after buying an additional 2,481 shares in the last quarter. 72.00% of the stock is owned by hedge funds and other institutional investors.

Algoma Steel Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, November 27th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Wednesday, November 27th. Algoma Steel Group’s payout ratio is -15.75%.

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.