Algoma Steel Group (NASDAQ:ASTL – Get Free Report) is expected to release its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect Algoma Steel Group to announce earnings of ($0.5974) per share and revenue of $205.5680 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 30, 2026 at 11:00 AM ET.
Algoma Steel Group (NASDAQ:ASTL – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.78) by ($0.28). The firm had revenue of $216.44 million for the quarter, compared to the consensus estimate of $217.57 million. Algoma Steel Group had a negative return on equity of 75.76% and a negative net margin of 60.03%. On average, analysts expect Algoma Steel Group to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Algoma Steel Group Stock Performance
Shares of ASTL stock traded up $0.01 during midday trading on Tuesday, hitting $4.40. 282,477 shares of the company were exchanged, compared to its average volume of 1,291,338. Algoma Steel Group has a 52 week low of $3.02 and a 52 week high of $6.18. The firm has a market capitalization of $464.90 million, a P/E ratio of -0.59 and a beta of 1.64. The firm’s 50 day moving average price is $4.45 and its two-hundred day moving average price is $4.48. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.22 and a current ratio of 2.45.
Institutional Investors Weigh In On Algoma Steel Group
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Algoma Steel Group in a research report on Wednesday, June 24th. Royal Bank Of Canada restated a “sector perform” rating on shares of Algoma Steel Group in a research note on Thursday, May 14th. Finally, Zacks Research raised Algoma Steel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
Get Our Latest Stock Analysis on ASTL
Algoma Steel Group Company Profile
Algoma Steel Group Inc is a North American steel producer headquartered in Sault Ste. Marie, Ontario. The company operates a modern electric arc furnace (EAF) complex and an integrated rolling mill, enabling it to transform scrap and direct reduced iron into a wide range of steel products. Algoma Steel Group returned to public markets in 2021 with listings on both the Toronto Stock Exchange and the Nasdaq under the symbol ASTL.
Founded in 1901 as Algoma Steel Corporation, the company grew to become one of Canada’s leading steelmakers before undergoing restructuring in the early 2000s.
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