Stifel Canada Cuts Earnings Estimates for Algoma Steel Group

Key Points

• Stifel Canada has revised down its Q3 2025 EPS estimates for Algoma Steel Group, projecting a loss of ($0.70) per share, down from a previous estimate of ($0.63).
• The company reported a ($0.74) EPS for its last quarter, significantly missing consensus estimates of ($0.45), along with lower-than-expected revenue of $433.14 million.
• Institutional investors hold 72.00% of Algoma Steel Group’s stock, with several firms acquiring new positions in recent quarters.

Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) - Research analysts at Stifel Canada dropped their Q3 2025 EPS estimates for shares of Algoma Steel Group in a research report issued on Monday, October 6th. Stifel Canada analyst I. Gillies now expects that the company will post earnings per share of ($0.70) for the quarter, down from their prior forecast of ($0.63). 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 ($0.42) EPS, FY2025 earnings at ($1.98) EPS, Q1 2026 earnings at ($0.52) EPS, Q2 2026 earnings at ($0.62) EPS, Q3 2026 earnings at ($0.63) EPS, Q4 2026 earnings at ($0.64) EPS and FY2026 earnings at ($2.41) EPS.

Algoma Steel Group (NASDAQ:ASTL - Get Free Report) last issued 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). The company had revenue of $433.14 million for the quarter, compared to analysts' expectations of $577.67 million. Algoma Steel Group had a negative return on equity of 22.24% and a negative net margin of 13.51%.

Several other equities research analysts have also commented on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Algoma Steel Group in a research report on Wednesday. Wall Street Zen lowered shares of Algoma Steel Group from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Algoma Steel Group has an average rating of "Reduce".

Algoma Steel Group Price Performance

Shares of NASDAQ ASTL opened at $3.69 on Thursday. The firm has a market capitalization of $387.21 million, a P/E ratio of -1.65 and a beta of 1.55. Algoma Steel Group has a one year low of $3.02 and a one year high of $12.14. The company's fifty day moving average is $4.50 and its two-hundred day moving average is $5.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.98 and a current ratio of 2.46.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Algoma Steel Group in the 2nd quarter valued at about $32,000. EJF Capital LLC acquired a new position in Algoma Steel Group in the 1st quarter valued at about $60,000. Aigen Investment Management LP purchased a new stake in Algoma Steel Group in the 1st quarter valued at about $69,000. Assenagon Asset Management S.A. purchased a new stake in Algoma Steel Group in the 3rd quarter valued at about $81,000. Finally, Engineers Gate Manager LP purchased a new stake in Algoma Steel Group in the 2nd quarter valued at about $146,000. Institutional investors and hedge funds own 72.00% of the company's stock.

Algoma Steel Group Company Profile

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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