Stifel Canada Cuts Earnings Estimates for Algoma Steel Group

Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) - Stock analysts at Stifel Canada lowered their Q2 2025 earnings estimates for Algoma Steel Group in a report issued on Tuesday, July 15th. Stifel Canada analyst I. Gillies now anticipates that the company will earn ($0.45) per share for the quarter, down from their prior forecast of ($0.38). 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 FY2025 earnings at ($2.07) EPS.

Several other analysts also recently weighed in on ASTL. BMO Capital Markets downgraded Algoma Steel Group from a "strong-buy" rating to a "hold" rating in a report on Monday, June 2nd. Royal Bank Of Canada upgraded Algoma Steel Group to a "hold" rating in a report on Tuesday, April 22nd.

Algoma Steel Group Stock Down 0.3%

NASDAQ:ASTL opened at $6.94 on Friday. The company has a current ratio of 3.10, a quick ratio of 1.47 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $6.24 and a 200-day simple moving average of $6.60. The company has a market cap of $728.32 million, a price-to-earnings ratio of -4.50 and a beta of 1.65. Algoma Steel Group has a twelve month low of $4.17 and a twelve month high of $12.14.

Algoma Steel Group (NASDAQ:ASTL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.33) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.36. Algoma Steel Group had a negative return on equity of 12.98% and a negative net margin of 8.15%. The firm had revenue of $359.30 million during the quarter, compared to the consensus estimate of $327.56 million.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new position in shares of Algoma Steel Group during the 4th quarter worth about $114,000. Two Sigma Investments LP grew its position in Algoma Steel Group by 41.8% in the 4th quarter. Two Sigma Investments LP now owns 36,600 shares of the company's stock valued at $358,000 after acquiring an additional 10,781 shares in the last quarter. Hartree Partners LP raised its position in Algoma Steel Group by 44.4% in the 4th quarter. Hartree Partners LP now owns 152,751 shares of the company's stock valued at $1,494,000 after purchasing an additional 46,984 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Algoma Steel Group by 11.2% during the 4th quarter. Renaissance Technologies LLC now owns 89,374 shares of the company's stock worth $874,000 after acquiring an additional 8,974 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Algoma Steel Group by 276.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,317,083 shares of the company's stock worth $12,884,000 after purchasing an additional 966,976 shares in the last quarter. 72.00% of the stock is owned by institutional investors and hedge funds.

Algoma Steel Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th were issued a $0.05 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.20 dividend on an annualized basis and a yield of 2.88%. Algoma Steel Group's dividend payout ratio is presently -12.99%.

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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