Cormark Equities Analysts Lower Earnings Estimates for ASTL

Algoma Steel Group Inc. (NASDAQ:ASTL) – 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

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.