Stifel Canada Predicts Lower Earnings for Algoma Steel Group

Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) - Stock analysts at Stifel Canada reduced their Q2 2025 earnings per share (EPS) estimates for shares of Algoma Steel Group in a research report issued on Wednesday, April 30th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of ($0.32) per share for the quarter, down from their previous forecast of ($0.07). 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 2025 earnings at ($0.34) EPS, Q4 2025 earnings at ($0.11) EPS, Q1 2026 earnings at $0.06 EPS, Q2 2026 earnings at $0.25 EPS and Q3 2026 earnings at $0.27 EPS.

Separately, 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 traded down $0.18 during midday trading on Monday, hitting $5.46. 851,335 shares of the company traded hands, compared to its average volume of 716,953. The business has a 50 day simple moving average of $5.57 and a two-hundred day simple moving average of $8.11. Algoma Steel Group has a 52-week low of $4.17 and a 52-week high of $12.14. The company has a market capitalization of $572.94 million, a price-to-earnings ratio of -4.30 and a beta of 1.58. The company has a current ratio of 3.31, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42.

Algoma Steel Group (NASDAQ:ASTL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.36. Algoma Steel Group had a negative return on equity of 10.63% and a negative net margin of 6.30%. The business had revenue of $359.30 million during the quarter, compared to the consensus estimate of $327.56 million.

Institutional Investors Weigh In On Algoma Steel Group

A number of hedge funds have recently modified their holdings of the business. Y Intercept Hong Kong Ltd purchased a new stake in Algoma Steel Group during the 1st quarter valued at about $514,000. Intact Investment Management Inc. raised its stake in Algoma Steel Group by 24.6% during the first quarter. Intact Investment Management Inc. now owns 1,463,761 shares of the company's stock worth $7,945,000 after purchasing an additional 288,861 shares during the period. NewGen Asset Management Ltd raised its position in shares of Algoma Steel Group by 26.5% during the 1st quarter. NewGen Asset Management Ltd now owns 732,500 shares of the company's stock valued at $3,970,000 after buying an additional 153,600 shares during the period. Mackenzie Financial Corp purchased a new stake in Algoma Steel Group in the fourth quarter valued at $1,955,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Algoma Steel Group during the fourth quarter worth about $462,000. 72.00% of the stock is currently owned by institutional investors and hedge funds.

Algoma Steel Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Algoma Steel Group's payout ratio is -12.99%.

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.