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BABA   76.12 (+0.70%)
T   16.59 (-2.41%)
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NASDAQ:ASTL

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

$8.32
0.00 (0.00%)
(As of 02/22/2024 ET)
Today's Range
$8.30
$8.43
50-Day Range
$7.91
$10.22
52-Week Range
$6.34
$10.25
Volume
268,378 shs
Average Volume
685,010 shs
Market Capitalization
$865.61 million
P/E Ratio
83.20
Dividend Yield
2.40%
Price Target
N/A

Algoma Steel Group MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
3.23% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.82mentions of Algoma Steel Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
47.17%
From $0.53 to $0.78 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.

3.78 out of 5 stars

Basic Materials Sector

58th out of 176 stocks

Blast Furnaces & Steel Mills Industry

3rd out of 12 stocks


ASTL stock logo

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

ASTL Stock News Headlines

ASTL Apr 2024 8.000 put
Algoma Resumes Normal Steel Production
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Algoma Addresses Casthouse Incident
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Earnings Outlook For Algoma Steel Gr
Algoma Steel Gr's Earnings Outlook
Algoma Steel Reports Incident at Coke-Making Plant
ASTL.WT:CA Algoma Steel Group Inc. WT EXP 101926
Algoma Steel Group Announces Director Retirement
ASTL Algoma Steel Group Inc.
Stifel Nicolaus Keeps Their Buy Rating on Algoma Steel Group (ASTL)
Algoma Steel Issues Inaugural Annual ESG Report
See More Headlines
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Company Calendar

Last Earnings
8/10/2023
Ex-Dividend for 12/29 Dividend
11/29/2023
Dividend Payable
12/29/2023
Today
2/22/2024
Ex-Dividend for 3/29 Dividend
2/28/2024
Dividend Payable
3/29/2024
Fiscal Year End
3/31/2024
Next Earnings (Estimated)
6/19/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
N/A
Current Symbol
NASDAQ:ASTL
Fax
N/A
Employees
2,847
Year Founded
N/A

Profitability

Net Income
$225.82 million
Pretax Margin
2.98%

Debt

Sales & Book Value

Annual Sales
$2.10 billion
Cash Flow
$2.91 per share
Book Value
$10.17 per share

Miscellaneous

Free Float
95,954,000
Market Cap
$865.61 million
Optionable
Optionable
Beta
1.57
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Key Executives

  • Mr. Michael Dennis Garcia (Age 59)
    CEO & Director
    Comp: $1.04M
  • Mr. Rajat Marwah (Age 50)
    Chief Financial Officer
    Comp: $548.99k
  • Mr. John Ralph Naccarato (Age 57)
    VP of Strategy & Chief Legal Officer
    Comp: $539.13k
  • 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














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 start of the year. Since then, ASTL stock has decreased by 17.0% and is now trading at $8.32.
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) posted its earnings results on Thursday, August, 10th. The company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by $0.12. The firm had revenue of $615.87 million for the quarter, compared to analysts' expectations of $596.30 million. Algoma Steel Group had a net margin of 2.05% and a trailing twelve-month return on equity of 3.84%. During the same quarter last year, the business earned $1.17 earnings per share.

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. Investors 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 2.40%. The ex-dividend date of this dividend 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 2.43%. 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 25.64% 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 116,918 shares of ASTL stock, representing 0.70% of its portfolio.

Who are Algoma Steel Group's major shareholders?

Algoma Steel Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Donald Smith & CO. Inc. (9.25%), MMCAP International Inc. SPC (2.97%), TCW Group Inc. (2.34%), Bain Capital Credit LP (2.00%), Sumitomo Mitsui DS Asset Management Company Ltd (1.86%) and Gendell Jeffrey L (1.68%).

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 2/22/2024 by MarketBeat.com Staff