Cormark Equities Analysts Lower Earnings Estimates for ASTL

Algoma Steel Group Inc. (NASDAQ:ASTLFree Report) – Equities researchers at Cormark lowered their FY2025 earnings 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 per share of ($1.48) 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 Stock Performance

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

Algoma Steel Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Wednesday, November 27th. Algoma Steel Group’s dividend payout ratio (DPR) is -15.75%.

Institutional Trading of Algoma Steel Group

Institutional investors have recently made changes to their positions in the stock. FMR LLC acquired a new stake in Algoma Steel Group during the third quarter valued at approximately $36,008,000. Intact Investment Management Inc. grew its holdings in shares of Algoma Steel Group by 6.6% in the 3rd quarter. Intact Investment Management Inc. now owns 1,298,600 shares of the company’s stock worth $13,309,000 after acquiring an additional 80,700 shares during the last quarter. Yaupon Capital Management LP acquired a new stake in shares of Algoma Steel Group during the third quarter worth $9,165,000. Invenomic Capital Management LP lifted its holdings in shares of Algoma Steel Group by 112.1% during the third quarter. Invenomic Capital Management LP now owns 636,917 shares of the company’s stock valued at $6,516,000 after purchasing an additional 336,687 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Algoma Steel Group by 1.7% in the 2nd quarter. Bank of Montreal Can now owns 364,422 shares of the company’s stock valued at $2,536,000 after purchasing an additional 6,154 shares during the period. 72.00% of the stock is owned by institutional investors and hedge funds.

Algoma Steel Group Company Profile

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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.

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Earnings History and Estimates for Algoma Steel Group (NASDAQ:ASTL)

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