Q3 EPS Forecast for Algoma Steel Group Boosted by Analyst

Key Points

• Analysts at Stifel Canada have raised their Q3 2025 earnings estimate for Algoma Steel Group to ($0.63) per share, an improvement from the previous estimate of ($0.66).
• Wall Street Zen downgraded Algoma Steel Group from a "hold" rating to a "sell" rating, with the current consensus rating remaining at "Hold" among analysts.
• The company's stock opened at $3.40 and experienced a 4.5% decline, with a reported market capitalization of $356.76 million.

Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) - Stock analysts at Stifel Canada upped their Q3 2025 earnings per share estimates for Algoma Steel Group in a report released on Monday, September 29th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of ($0.63) per share for the quarter, up from their prior estimate of ($0.66). The consensus estimate for Algoma Steel Group's current full-year earnings is ($0.63) per share. Stifel Canada also issued estimates for Algoma Steel Group's Q4 2025 earnings at ($0.39) EPS, FY2025 earnings at ($1.88) EPS, Q1 2026 earnings at ($0.60) EPS, Q2 2026 earnings at ($0.65) EPS, Q3 2026 earnings at ($0.66) EPS, Q4 2026 earnings at ($0.67) EPS and FY2026 earnings at ($2.56) EPS.

Separately, Wall Street Zen cut Algoma Steel Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Algoma Steel Group Trading Down 4.5%

ASTL opened at $3.40 on Thursday. Algoma Steel Group has a 12 month low of $3.38 and a 12 month high of $12.14. The stock has a market capitalization of $356.76 million, a price-to-earnings ratio of -1.52 and a beta of 1.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.46 and a quick ratio of 0.98. The business has a fifty day moving average price of $4.75 and a 200 day moving average price of $5.48.

Algoma Steel Group (NASDAQ:ASTL - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.29). Algoma Steel Group had a negative return on equity of 22.24% and a negative net margin of 13.51%.The company had revenue of $433.14 million for the quarter, compared to analyst estimates of $577.67 million.

Institutional Trading of Algoma Steel Group

A number of institutional investors have recently bought and sold shares of the business. Maple Rock Capital Partners Inc. lifted its holdings in Algoma Steel Group by 18.3% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,396,800 shares of the company's stock worth $57,854,000 after buying an additional 1,296,800 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Algoma Steel Group by 0.3% in the 1st quarter. Donald Smith & CO. Inc. now owns 8,088,120 shares of the company's stock valued at $43,838,000 after purchasing an additional 20,517 shares during the last quarter. MMCAP International Inc. SPC lifted its holdings in shares of Algoma Steel Group by 8.7% in the 2nd quarter. MMCAP International Inc. SPC now owns 7,218,218 shares of the company's stock valued at $49,734,000 after purchasing an additional 576,801 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. lifted its holdings in shares of Algoma Steel Group by 34.0% in the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,898,205 shares of the company's stock valued at $26,983,000 after purchasing an additional 989,633 shares during the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in shares of Algoma Steel Group by 37.1% in the 2nd quarter. Intact Investment Management Inc. now owns 2,007,006 shares of the company's stock valued at $13,865,000 after purchasing an additional 543,245 shares during the last quarter. 72.00% of the stock is owned by hedge funds and other institutional investors.

About Algoma Steel Group

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.

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