Research Analysts Offer Predictions for Algoma Steel Group Inc.’s Q1 2025 Earnings (NASDAQ:ASTL)

Algoma Steel Group Inc. (NASDAQ:ASTL) – Investment analysts at Stifel Canada issued their Q1 2025 earnings per share estimates for shares of Algoma Steel Group in a research note issued on Tuesday, July 23rd. Stifel Canada analyst I. Gillies anticipates that the company will post earnings per share of ($0.09) for the quarter. The consensus estimate for Algoma Steel Group’s current full-year earnings is ($0.25) per share.

Algoma Steel Group (NASDAQ:ASTL) last announced its quarterly earnings results on Saturday, June 22nd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The company 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 7.01% and a net margin of 3.81%. During the same quarter last year, the firm posted ($0.14) earnings per share.

Algoma Steel Group Trading Up 0.3 %

NASDAQ:ASTL opened at $8.63 on Friday. The company has a 50-day moving average price of $7.62 and a 200-day moving average price of $8.01. The stock has a market cap of $898.56 million, a price-to-earnings ratio of 27.84 and a beta of 1.47. The company has a current ratio of 2.95, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Algoma Steel Group has a 12 month low of $6.34 and a 12 month high of $10.25.

Algoma Steel Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Tuesday, July 2nd were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, July 2nd. This represents a $0.20 annualized dividend and a yield of 2.32%. Algoma Steel Group’s payout ratio is 64.52%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ASTL. Tower Research Capital LLC TRC boosted its holdings in shares of Algoma Steel Group by 148.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,976 shares of the company’s stock valued at $90,000 after buying an additional 5,357 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Algoma Steel Group during the fourth quarter worth about $114,000. Victory Capital Management Inc. purchased a new stake in Algoma Steel Group in the fourth quarter worth about $126,000. McAdam LLC bought a new position in shares of Algoma Steel Group during the fourth quarter valued at approximately $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Algoma Steel Group by 47.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,329 shares of the company’s stock valued at $194,000 after purchasing an additional 6,236 shares during the last quarter. 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.