What is Stifel Canada’s Forecast for ASTL FY2025 Earnings?

Algoma Steel Group Inc. (NASDAQ:ASTL) – Stifel Canada issued their FY2025 earnings per share (EPS) estimates for shares of Algoma Steel Group in a report issued on Wednesday, April 30th. Stifel Canada analyst I. Gillies forecasts that the company will post earnings of ($1.17) per share for the year. Stifel Canada currently has a “Hold” rating on the stock. The consensus estimate for Algoma Steel Group’s current full-year earnings is ($0.63) per share. Stifel Canada also issued estimates for Algoma Steel Group’s FY2026 earnings at $0.86 EPS.

Algoma Steel Group (NASDAQ:ASTL) last released its earnings results on Tuesday, April 29th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.36. Algoma Steel Group had a negative net margin of 6.30% and a negative return on equity of 10.63%. The business had revenue of $359.30 million during the quarter, compared to the consensus estimate of $327.56 million.

Separately, Royal Bank of Canada raised Algoma Steel Group to a “hold” rating in a research report on Tuesday, April 22nd.

Algoma Steel Group Price Performance

Shares of NASDAQ ASTL opened at $5.76 on Friday. The company has a market capitalization of $604.42 million, a PE ratio of -4.54 and a beta of 1.57. The company has a quick ratio of 1.66, a current ratio of 3.31 and a debt-to-equity ratio of 0.42. Algoma Steel Group has a twelve month low of $4.17 and a twelve month high of $12.14. The firm has a fifty day simple moving average of $5.60 and a 200 day simple moving average of $8.17.

Algoma Steel Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.20 annualized dividend and a dividend yield of 3.47%. Algoma Steel Group’s dividend payout ratio is currently -12.99%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Woodline Partners LP raised its holdings in shares of Algoma Steel Group by 59.2% during the fourth quarter. Woodline Partners LP now owns 2,844,439 shares of the company’s stock valued at $27,819,000 after purchasing an additional 1,057,517 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Algoma Steel Group by 276.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,317,083 shares of the company’s stock worth $12,884,000 after buying an additional 966,976 shares during the period. Empyrean Capital Partners LP bought a new position in Algoma Steel Group in the fourth quarter worth approximately $9,017,000. AYAL Capital Advisors Ltd grew its stake in Algoma Steel Group by 55.0% in the fourth quarter. AYAL Capital Advisors Ltd now owns 949,284 shares of the company’s stock valued at $9,284,000 after acquiring an additional 336,784 shares during the period. Finally, Intact Investment Management Inc. increased its holdings in shares of Algoma Steel Group by 24.6% during the first quarter. Intact Investment Management Inc. now owns 1,463,761 shares of the company’s stock valued at $7,945,000 after acquiring an additional 288,861 shares in the last quarter. 72.00% of the stock is owned by institutional investors.

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.