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Stifel Canada Issues Pessimistic Outlook for ASTL Earnings

Algoma Steel Group logo with Basic Materials background

Key Points

  • Stifel Canada has lowered its Q3 2025 earnings per share estimate for Algoma Steel Group to ($0.66), down from a previous estimate of ($0.65). The firm currently maintains a "Hold" rating on the stock.
  • Algoma Steel reported a negative earnings per share of ($0.74) for the last quarter, missing the consensus estimate of ($0.45) by ($0.29), with revenues also falling short of expectations.
  • Other analysts have reacted with downgrades and rating changes, including Wall Street Zen reducing the stock from "hold" to "sell," indicating a bearish sentiment surrounding Algoma Steel Group.
  • Want stock alerts on Algoma Steel Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) - Research analysts at Stifel Canada dropped their Q3 2025 earnings estimates for Algoma Steel Group in a research report issued on Wednesday, July 30th. Stifel Canada analyst I. Gillies now expects that the company will post earnings per share of ($0.66) for the quarter, down from their previous estimate of ($0.65). Stifel Canada currently has a "Hold" rating on the stock. 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 Q3 2026 earnings at $0.25 EPS.

ASTL has been the subject of a number of other reports. Royal Bank Of Canada upgraded Algoma Steel Group to a "hold" rating in a report on Tuesday, April 22nd. Wall Street Zen cut shares of Algoma Steel Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, BMO Capital Markets lowered shares of Algoma Steel Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd.

Get Our Latest Analysis on ASTL

Algoma Steel Group Price Performance

Shares of NASDAQ ASTL traded down $0.12 during trading hours on Monday, hitting $4.69. 396,387 shares of the stock were exchanged, compared to its average volume of 1,012,216. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.98 and a current ratio of 2.46. Algoma Steel Group has a 1-year low of $4.17 and a 1-year high of $12.14. The company has a market cap of $491.60 million, a PE ratio of -2.10 and a beta of 1.62. The company's fifty day simple moving average is $6.32 and its two-hundred day simple moving average is $6.34.

Algoma Steel Group (NASDAQ:ASTL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $433.14 million for the quarter, compared to the consensus estimate of $577.67 million.

Institutional Trading of Algoma Steel Group

Several institutional investors have recently added to or reduced their stakes in ASTL. Aquatic Capital Management LLC bought a new position in Algoma Steel Group during the 4th quarter worth approximately $64,000. EJF Capital LLC purchased a new stake in Algoma Steel Group in the 1st quarter worth approximately $60,000. Squarepoint Ops LLC bought a new position in shares of Algoma Steel Group during the fourth quarter valued at approximately $114,000. Two Sigma Advisers LP bought a new stake in Algoma Steel Group in the fourth quarter valued at $117,000. Finally, Aigen Investment Management LP bought a new stake in shares of Algoma Steel Group during the 1st quarter valued at about $69,000. 72.00% of the stock is currently owned by hedge funds and other institutional investors.

About Algoma Steel Group

(Get Free Report)

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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