Stifel Canada Has Bullish Forecast for ASTL FY2025 Earnings

Algoma Steel Group Inc. (NASDAQ:ASTL) – Investment analysts at Stifel Canada raised their FY2025 earnings estimates for Algoma Steel Group in a note issued to investors on Wednesday, October 16th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of ($0.73) per share for the year, up from their prior forecast of ($0.96). The consensus estimate for Algoma Steel Group’s current full-year earnings is ($0.69) per share. Stifel Canada also issued estimates for Algoma Steel Group’s FY2026 earnings at $1.23 EPS.

Algoma Steel Group Trading Down 1.5 %

Shares of ASTL opened at $9.62 on Monday. The stock has a fifty day moving average price of $10.03 and a two-hundred day moving average price of $8.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.15 and a current ratio of 4.19. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 31.03 and a beta of 1.50. Algoma Steel Group has a 52-week low of $6.41 and a 52-week high of $10.71.

Algoma Steel Group (NASDAQ:ASTL) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.04. The business had revenue of $475.44 million for the quarter, compared to the consensus estimate of $444.32 million. Algoma Steel Group had a negative return on equity of 1.23% and a negative net margin of 0.72%.

Algoma Steel Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.20 annualized dividend and a yield of 2.08%. Algoma Steel Group’s dividend payout ratio (DPR) is 64.52%.

Institutional Investors Weigh In On Algoma Steel Group

Hedge funds have recently added to or reduced their stakes in the stock. Clayton Partners LLC bought a new stake in shares of Algoma Steel Group during the second quarter valued at approximately $73,000. XTX Topco Ltd acquired a new stake in shares of Algoma Steel Group in the 2nd quarter valued at $73,000. Quadrature Capital Ltd acquired a new position in shares of Algoma Steel Group during the fourth quarter valued at $114,000. Net Worth Advisory Group bought a new position in Algoma Steel Group in the third quarter valued at about $159,000. Finally, Boston Partners lifted its position in Algoma Steel Group by 125.2% during the 1st quarter. Boston Partners now owns 62,137 shares of the company’s stock valued at $528,000 after purchasing an additional 34,548 shares during the period. 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.