Should I buy or sell Algoma Steel Group stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ASTL shares. View ASTL analyst ratings or view top-rated stocks .

How have ASTL shares performed in 2024?

Algoma Steel Group's stock was trading at $10.03 at the beginning of 2024. Since then, ASTL stock has decreased by 22.2% and is now trading at $7.80. View the best growth stocks for 2024 here .

When is Algoma Steel Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 19th 2024. View our ASTL earnings forecast .

How were Algoma Steel Group's earnings last quarter?

Algoma Steel Group Inc. (NASDAQ:ASTL) announced its quarterly earnings data on Tuesday, February, 6th. The company reported ($0.57) earnings per share for the quarter. The business earned $452.07 million during the quarter, compared to analysts' expectations of $453.22 million. Algoma Steel Group had a net margin of 2.05% and a trailing twelve-month return on equity of 3.84%.

How often does Algoma Steel Group pay dividends? What is the dividend yield for Algoma Steel Group?

Algoma Steel Group declared a quarterly dividend on Tuesday, February 6th. Stockholders of record on Thursday, February 29th will be paid a dividend of $0.05 per share on Friday, March 29th. This represents a $0.20 annualized dividend and a yield of 2.56%. The ex-dividend date is Wednesday, February 28th. Read our dividend analysis for ASTL .

Is Algoma Steel Group a good dividend stock?

Algoma Steel Group (NASDAQ:ASTL) pays an annual dividend of $0.20 per share and currently has a dividend yield of 2.55%. The dividend payout ratio is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ASTL will have a dividend payout ratio of 22.99% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ASTL .

What ETF holds Algoma Steel Group's stock?

VanEck Steel ETF holds 116,088 shares of ASTL stock, representing 0.83% of its portfolio.

How do I buy shares of Algoma Steel Group?

Shares of ASTL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:ASTL

Algoma Steel Group (ASTL) Stock Price, News & Analysis

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$7.80

-0.06 (-0.76%)

(As of 04/19/2024 ET)

Compare

Today's Range: $7.76
▼
$8.08
50-Day Range: $7.59
▼
$8.78
52-Week Range: $6.34
▼
$10.25

Volume: 397,331 shs
Average Volume: 623,232 shs
Market Capitalization: $811.98 million

P/E Ratio: 78.00
Dividend Yield: 2.56%
Price Target: N/A

Get Algoma Steel Group alerts:

Algoma Steel Group MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
3.57% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.54%
From $0.78 to $0.87 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.73 out of 5 stars

Basic Materials Sector

132nd out of 174 stocks

Blast Furnaces & Steel Mills Industry

10th out of 12 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Algoma Steel Group.

2.0

Short Interest

Percentage of Shares Shorted
3.57% of the outstanding shares of Algoma Steel Group have been sold short.
Short Interest Ratio / Days to Cover
Algoma Steel Group has a short interest ratio ("days to cover") of 6.
Change versus previous month
Short interest in Algoma Steel Group has recently increased by 4.79%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Algoma Steel Group pays a meaningful dividend of 2.55%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Algoma Steel Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Algoma Steel Group is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Algoma Steel Group will have a dividend payout ratio of 22.99% next year. This indicates that Algoma Steel Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ASTL.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Algoma Steel Group this week, compared to 1 article on an average week.
Search Interest
1 people have searched for ASTL on MarketBeat in the last 30 days.
MarketBeat Follows
Only 2 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Algoma Steel Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.77% of the stock of Algoma Steel Group is held by insiders.
Percentage Held by Institutions
72.00% of the stock of Algoma Steel Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Algoma Steel Group are expected to grow by 11.54% in the coming year, from $0.78 to $0.87 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Algoma Steel Group is 78.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Algoma Steel Group is 78.00, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 136.80.
Price to Book Value per Share Ratio
Algoma Steel Group has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Algoma Steel Group Stock (NASDAQ:ASTL)

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. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.

ASTL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ASTL Stock News Headlines

March 26, 2024 | globenewswire.com

Algoma Steel Inc. Announces Pricing of US$350 Million 9.125% Senior Secured Second Lien Notes due 2029

March 25, 2024 | finanznachrichten.de

Algoma Steel Inc: Algoma Steel Provides Fiscal Fourth Quarter 2024 Guidance

April 19, 2024 | Behind the Markets (Ad)

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March 25, 2024 | markets.businessinsider.com

Algoma Steel Inc. Announces Proposed Offering of US$350 Million of Senior Secured Second Lien Notes due 2029

March 25, 2024 | globenewswire.com

CORRECTION: Dividend Payment Date Adjustment Due to Canadian Statutory Holiday

March 25, 2024 | globenewswire.com

Algoma Steel Provides Fiscal Fourth Quarter 2024 Guidance

March 15, 2024 | seekingalpha.com

Algoma Steel: Underpriced From Both Cyclical And EAF Perspectives

February 26, 2024 | globenewswire.com

Algoma Steel Group to Participate in the BMO 33rd Global Metals, Mining & Critical Minerals Conference

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

February 19, 2024 | ca.finance.yahoo.com

ASTL Apr 2024 8.000 put

February 14, 2024 | globenewswire.com

Algoma Resumes Normal Steel Production

February 9, 2024 | theglobeandmail.com

Algoma Steel says five workers sent to hospital after casthouse incident

February 9, 2024 | globenewswire.com

Algoma Addresses Casthouse Incident

February 7, 2024 | seekingalpha.com

Algoma Steel Group Inc. 2024 Q3 - Results - Earnings Call Presentation

February 5, 2024 | finance.yahoo.com

Donald Smith & Co. Bolsters Stake in Algoma Steel Group Inc

February 5, 2024 | benzinga.com

Earnings Outlook For Algoma Steel Gr

February 5, 2024 | benzinga.com

Algoma Steel Gr's Earnings Outlook

January 25, 2024 | markets.businessinsider.com

Algoma Steel Group’s Resilience Justifies Buy Rating Amid Short-Term Operational Hurdles

January 23, 2024 | seekingalpha.com

Algoma Steel resumes limited production at Ontario coke-making plant

January 23, 2024 | finance.yahoo.com

Algoma Steel Provides Update on Incident at Coke-Making Plant

January 20, 2024 | finance.yahoo.com

Algoma Steel Reports Incident at Coke-Making Plant

January 3, 2024 | finance.yahoo.com

Algoma Steel Provides Fiscal Third Quarter 2024 Guidance

December 30, 2023 | seekingalpha.com

ASTL.WT:CA Algoma Steel Group Inc. WT EXP 101926

December 21, 2023 | finance.yahoo.com

Algoma Steel Group Announces Director Retirement

November 28, 2023 | seekingalpha.com

ASTL Algoma Steel Group Inc.

November 23, 2023 | seekingalpha.com

Algoma Steel: Solid Earnings Results And Increased Transparency

November 9, 2023 | finance.yahoo.com

Algoma Steel Group (NASDAQ:ASTL) Will Pay A Dividend Of CA$0.05

See More Headlines

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Company Calendar

Last Earnings: 2/06/2024
Ex-Dividend for 3/29 Dividend: 2/28/2024
Dividend Payable: 3/29/2024
Today: 4/19/2024
Next Earnings (Estimated): 6/19/2024
Fiscal Year End: 3/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Basic Materials
Industry: Blast furnaces & steel mills
Sub-Industry: N/A
Current Symbol: NASDAQ:ASTL
CUSIP: N/A
CIK: 1860805
Web: www.algoma.com
Phone: 705-945-2351
Fax: N/A
Employees: 2,847
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.10
Trailing P/E Ratio: 78.60
Forward P/E Ratio: 10.08
P/E Growth: N/A
Net Income: $225.82 million
Net Margins: 2.05%
Pretax Margin: 2.98%
Return on Equity: 3.84%
Return on Assets: 2.22%

Debt

Debt-to-Equity Ratio: 0.09
Current Ratio: 2.88
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $2.10 billion
Price / Sales: 0.39
Cash Flow: $2.88 per share
Price / Cash Flow: 2.73
Book Value: $10.68 per share
Price / Book: 0.74

Miscellaneous

Outstanding Shares: 104,100,000
Free Float: 96,014,000
Market Cap: $818.23 million
Optionable: Optionable
Beta: 1.52

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Key Executives

Mr. Michael Dennis Garcia (Age 59)
CEO & Director
Comp: $1.03M
Mr. Rajat Marwah (Age 50)
Chief Financial Officer
Comp: $544.47k
Mr. John Ralph Naccarato (Age 57)
VP of Strategy & Chief Legal Officer
Comp: $534.7k
Michael Moraca
Treasurer & Investor Relations Officer
Ms. Brenda Stenta
Manager of Communications & Branding
Mr. Rory Brandow (Age 64)
Vice President of Sales
Ms. Danielle Baker
Chief Human Resource Officer
Mr. Mike Panzeri
Senior Vice President of Production

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ASTL Stock Analysis - Frequently Asked Questions

Should I buy or sell Algoma Steel Group stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ASTL shares.
View ASTL analyst ratings or view top-rated stocks.
How have ASTL shares performed in 2024?: Algoma Steel Group's stock was trading at $10.03 at the beginning of 2024. Since then, ASTL stock has decreased by 22.2% and is now trading at $7.80.
View the best growth stocks for 2024 here.
When is Algoma Steel Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 19th 2024.
View our ASTL earnings forecast.
How were Algoma Steel Group's earnings last quarter?: Algoma Steel Group Inc. (NASDAQ:ASTL) announced its quarterly earnings data on Tuesday, February, 6th. The company reported ($0.57) earnings per share for the quarter. The business earned $452.07 million during the quarter, compared to analysts' expectations of $453.22 million. Algoma Steel Group had a net margin of 2.05% and a trailing twelve-month return on equity of 3.84%.

How often does Algoma Steel Group pay dividends? What is the dividend yield for Algoma Steel Group?: Algoma Steel Group declared a quarterly dividend on Tuesday, February 6th. Stockholders of record on Thursday, February 29th will be paid a dividend of $0.05 per share on Friday, March 29th. This represents a $0.20 annualized dividend and a yield of 2.56%. The ex-dividend date is Wednesday, February 28th.
Read our dividend analysis for ASTL.
Is Algoma Steel Group a good dividend stock?: Algoma Steel Group (NASDAQ:ASTL) pays an annual dividend of $0.20 per share and currently has a dividend yield of 2.55%. The dividend payout ratio is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ASTL will have a dividend payout ratio of 22.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASTL.
What ETF holds Algoma Steel Group's stock?: VanEck Steel ETF holds 116,088 shares of ASTL stock, representing 0.83% of its portfolio.
How do I buy shares of Algoma Steel Group?: Shares of ASTL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ASTL) was last updated on 4/19/2024 by MarketBeat.com Staff

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