FY2025 EPS Estimates for Algoma Steel Group Inc. (NASDAQ:ASTL) Cut by Cormark

Algoma Steel Group Inc. (NASDAQ:ASTL) – Research analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for shares of Algoma Steel Group in a report issued on Monday, June 24th. Cormark analyst D. Ocampo now expects that the company will earn ($0.24) per share for the year, down from their previous forecast of $0.83. The consensus estimate for Algoma Steel Group’s current full-year earnings is ($0.25) per share. Cormark also issued estimates for Algoma Steel Group’s FY2026 earnings at $0.47 EPS.

Algoma Steel Group Trading Up 0.6 %

NASDAQ:ASTL opened at $6.96 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.88 and a quick ratio of 0.98. The firm has a market capitalization of $724.68 million, a price-to-earnings ratio of 22.45 and a beta of 1.51. Algoma Steel Group has a one year low of $6.34 and a one year high of $10.25. The business has a fifty day moving average price of $7.60 and a 200-day moving average price of $8.23.

Algoma Steel Group (NASDAQ:ASTL) last posted its quarterly earnings data on Saturday, June 22nd. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. The firm had revenue of $460.35 million during the quarter, compared to analyst estimates of $439.82 million. Algoma Steel Group had a return on equity of 6.97% and a net margin of 3.81%. During the same period in the prior year, the business posted ($0.14) EPS.

Algoma Steel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Tuesday, July 2nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.20 annualized dividend and a dividend yield of 2.87%. Algoma Steel Group’s dividend payout ratio (DPR) is 64.52%.

Institutional Investors Weigh In On Algoma Steel Group

A number of institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its stake in Algoma Steel Group by 148.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,976 shares of the company’s stock worth $90,000 after buying an additional 5,357 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Algoma Steel Group by 47.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,329 shares of the company’s stock worth $194,000 after buying an additional 6,236 shares in the last quarter. EJF Capital LLC increased its stake in Algoma Steel Group by 35.0% in the 3rd quarter. EJF Capital LLC now owns 36,458 shares of the company’s stock worth $248,000 after buying an additional 9,458 shares in the last quarter. Swiss National Bank increased its stake in Algoma Steel Group by 6.1% in the 1st quarter. Swiss National Bank now owns 196,107 shares of the company’s stock worth $1,672,000 after buying an additional 11,300 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Algoma Steel Group in the 4th quarter worth $114,000. Hedge funds and other institutional investors own 72.00% of the company’s stock.

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.