Algoma Steel Group (NASDAQ:ASTL) Posts Earnings Results, Misses Estimates By $0.35 EPS

Posted by Bonnie Powley on Oct 29th, 2026

Algoma Steel Group (NASDAQ:ASTL – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.84) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.35), reports. Algoma Steel Group had a negative return on equity of 110.49% and a negative net margin of 71.60%. The company had revenue of $175.15 million for the quarter, compared to analyst estimates of $161.15 million.

Algoma Steel Group Stock Up 1.7%

ASTL stock traded up $0.09 during midday trading on Thursday, reaching $5.03. 1,005,586 shares of the company were exchanged, compared to its average volume of 1,228,447. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.35 and a current ratio of 2.49. Algoma Steel Group has a 1-year low of $3.16 and a 1-year high of $5.90. The stock’s 50-day simple moving average is $4.34 and its 200 day simple moving average is $4.43. The company has a market cap of $530.95 million, a price-to-earnings ratio of -0.68 and a beta of 1.65.

Analyst Upgrades and Downgrades

Several research analysts have commented on ASTL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Algoma Steel Group in a report on Monday, September 21st. Wall Street Zen downgraded shares of Algoma Steel Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 26th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Algoma Steel Group in a report on Monday, September 28th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Check Out Our Latest Stock Analysis on Algoma Steel Group

Algoma Steel Group Company Profile

(Get Free Report)

Algoma Steel Group Inc is an integrated steel producer headquartered in Sault Ste. Marie, Ontario, Canada. Through its steelmaking and finishing operations, the company produces a range of steel products for customers primarily in Canada and the United States.

Algoma’s product portfolio includes hot- and cold-rolled steel sheet, galvanized steel and steel plate. Its products are used in sectors such as automotive manufacturing, construction, energy, transportation, industrial equipment and general manufacturing.