Stifel Canada Predicts Lower Earnings for Algoma Steel Group

Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) - Equities researchers at Stifel Canada lowered their Q2 2025 earnings estimates for shares of Algoma Steel Group in a research note 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 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.

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

Several other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada raised shares of Algoma Steel Group to a "hold" rating in a research note on Tuesday, April 22nd. BMO Capital Markets cut shares of Algoma Steel Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd.

Algoma Steel Group Price Performance

ASTL traded down $0.09 on Friday, reaching $6.93. 573,692 shares of the company's stock were exchanged, compared to its average volume of 822,548. The stock has a market cap of $727.16 million, a PE 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. The stock's fifty day moving average price is $6.26 and its 200-day moving average price is $6.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.10 and a quick ratio of 1.47.

Algoma Steel Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 13th were given a $0.05 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.20 annualized dividend and a dividend yield of 2.89%. Algoma Steel Group's dividend payout ratio is presently -12.99%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ASTL. Squarepoint Ops LLC bought a new position in shares of Algoma Steel Group in the 4th quarter worth about $114,000. Two Sigma Investments LP raised its holdings in shares of Algoma Steel Group by 41.8% during the fourth 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 during the period. Hartree Partners LP lifted its holdings in shares of Algoma Steel Group by 44.4% in the fourth 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 grew its position in Algoma Steel Group by 11.2% during the fourth quarter. Renaissance Technologies LLC now owns 89,374 shares of the company's stock valued at $874,000 after purchasing an additional 8,974 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Algoma Steel Group by 276.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,317,083 shares of the company's stock valued at $12,884,000 after acquiring an additional 966,976 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.