Algoma Steel Group (ASTL) Expected to Post Earnings on Wednesday

Algoma Steel Group (NASDAQ:ASTL) is projected to post its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect the company to announce earnings of ($0.5651) per share and revenue of $205.5680 million for the quarter. Investors may review the information 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) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($1.06) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.28). Algoma Steel Group had a negative return on equity of 75.76% and a negative net margin of 60.03%.The company had revenue of $216.44 million during the quarter, compared to analysts’ expectations of $217.57 million. 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 Trading Up 3.8%

NASDAQ ASTL opened at $3.85 on Wednesday. The firm has a market cap of $406.79 million, a PE ratio of -0.52 and a beta of 1.64. Algoma Steel Group has a 1-year low of $3.02 and a 1-year high of $7.07. The company has a current ratio of 2.45, a quick ratio of 1.22 and a debt-to-equity ratio of 2.19. The stock has a 50-day moving average of $4.52 and a 200-day moving average of $4.47.

Analysts Set New Price Targets

ASTL has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Algoma Steel Group in a research note on Thursday, May 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Algoma Steel Group in a research report on Wednesday, June 24th. Finally, Zacks Research raised shares of Algoma Steel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Institutional Trading of Algoma Steel Group

A number of hedge funds have recently made changes to their positions in ASTL. BNP Paribas Financial Markets increased its position in Algoma Steel Group by 9,447.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 114,001 shares of the company’s stock valued at $405,000 after buying an additional 112,807 shares in the last quarter. PDT Partners LLC grew its stake in shares of Algoma Steel Group by 31.4% in the fourth quarter. PDT Partners LLC now owns 78,804 shares of the company’s stock worth $323,000 after acquiring an additional 18,814 shares during the last quarter. Boston Partners increased its holdings in shares of Algoma Steel Group by 28.4% during the fourth quarter. Boston Partners now owns 68,598 shares of the company’s stock valued at $281,000 after acquiring an additional 15,175 shares in the last quarter. Invesco Ltd. boosted its stake in Algoma Steel Group by 27.6% in the 4th quarter. Invesco Ltd. now owns 66,713 shares of the company’s stock worth $274,000 after purchasing an additional 14,415 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Algoma Steel Group by 5.6% during the fourth quarter. LPL Financial LLC now owns 62,194 shares of the company’s stock valued at $255,000 after buying an additional 3,300 shares during the last quarter. 72.00% of the stock is owned by institutional investors.

About Algoma Steel Group

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.