Algoma Steel Group (NASDAQ:ASTL) Releases Earnings Results, Beats Estimates By $0.08 EPS

Algoma Steel Group (NASDAQ:ASTL) posted its quarterly earnings data on Saturday. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08, Yahoo Finance reports. Algoma Steel Group had a return on equity of 6.97% and a net margin of 3.81%. The firm had revenue of $460.35 million during the quarter, compared to analysts’ expectations of $439.82 million. During the same period in the prior year, the business earned ($0.14) EPS.

Algoma Steel Group Price Performance

ASTL opened at $7.00 on Friday. The stock has a 50-day moving average price of $7.68 and a 200-day moving average price of $8.28. Algoma Steel Group has a 12-month low of $6.34 and a 12-month high of $10.25. The company has a current ratio of 2.88, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $728.84 million, a P/E ratio of 22.58 and a beta of 1.51.

Algoma Steel Group Company Profile

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.