Stifel Canada Brokers Decrease Earnings Estimates for ASTL

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.

Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) - Stock analysts at Stifel Canada reduced their Q3 2025 earnings per share estimates for shares of Algoma Steel Group in a research report issued on Wednesday, July 30th. Stifel Canada analyst I. Gillies now forecasts that the company will earn ($0.66) per share for the quarter, down from their prior 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.

A number of other analysts have also issued reports on the company. Wall Street Zen lowered Algoma Steel Group from a "hold" rating to a "sell" rating in a report on Saturday. BMO Capital Markets lowered Algoma Steel Group from a "strong-buy" rating to a "hold" rating in a report on Monday, June 2nd. Finally, Royal Bank Of Canada upgraded Algoma Steel Group to a "hold" rating in a report on Tuesday, April 22nd.

Algoma Steel Group Price Performance

ASTL opened at $5.14 on Monday. The stock has a fifty day moving average of $6.34 and a 200-day moving average of $6.37. The firm has a market capitalization of $539.34 million, a P/E ratio of -2.30 and a beta of 1.62. Algoma Steel Group has a 12-month low of $4.17 and a 12-month high of $12.14. The company has a quick ratio of 0.98, a current ratio of 2.46 and a debt-to-equity ratio of 0.47.

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

Institutional Trading of Algoma Steel Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL raised its holdings in shares of Algoma Steel Group by 4.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 32,675 shares of the company's stock worth $320,000 after acquiring an additional 1,350 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Algoma Steel Group by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 152,846 shares of the company's stock worth $1,499,000 after acquiring an additional 1,985 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Algoma Steel Group by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 415,143 shares of the company's stock worth $2,253,000 after acquiring an additional 3,643 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Algoma Steel Group by 4.8% during the fourth quarter. Legal & General Group Plc now owns 80,745 shares of the company's stock worth $790,000 after acquiring an additional 3,666 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Algoma Steel Group by 3.2% during the fourth quarter. American Century Companies Inc. now owns 172,428 shares of the company's stock worth $1,689,000 after buying an additional 5,296 shares during the last quarter. 72.00% of the stock is currently 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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