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

Algoma Steel Group (NASDAQ:ASTL) will likely be posting 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. Investors are encouraged to explore the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, July 30, 2026 at 11:00 AM ET.

Algoma Steel Group (NASDAQ:ASTL) last announced its earnings results on Tuesday, May 12th. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.28). The firm had revenue of $216.44 million for the quarter, compared to analysts’ expectations of $217.57 million. Algoma Steel Group had a negative net margin of 60.03% and a negative return on equity of 75.76%. 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 Price Performance

Shares of NASDAQ:ASTL opened at $4.32 on Monday. The company has a debt-to-equity ratio of 2.19, a current ratio of 2.45 and a quick ratio of 1.22. The firm has a market capitalization of $456.45 million, a PE ratio of -0.58 and a beta of 1.64. The firm’s 50-day moving average is $4.47 and its two-hundred day moving average is $4.48. Algoma Steel Group has a 1 year low of $3.02 and a 1 year high of $6.32.

Institutional Investors Weigh In On Algoma Steel Group

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in shares of Algoma Steel Group by 10.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 245,528 shares of the company’s stock valued at $1,331,000 after buying an additional 23,659 shares during the period. Legal & General Group Plc increased its stake in shares of Algoma Steel Group by 11.3% during the second quarter. Legal & General Group Plc now owns 88,583 shares of the company’s stock worth $611,000 after buying an additional 8,963 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Algoma Steel Group during the second quarter worth approximately $32,000. PDT Partners LLC acquired a new stake in Algoma Steel Group in the second quarter valued at approximately $304,000. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Algoma Steel Group in the second quarter valued at approximately $1,089,000. Institutional investors and hedge funds own 72.00% of the company’s stock.

Wall Street Analyst Weigh In

ASTL has been the subject of a number of research reports. Zacks Research upgraded shares of Algoma Steel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Algoma Steel Group in a research note on Thursday, May 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Algoma Steel Group in a report on Wednesday, June 24th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

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.