Stifel Canada Expects Lower Earnings for Algoma Steel Group

Algoma Steel Group Inc. (NASDAQ:ASTL) – Stifel Canada cut their Q2 2025 earnings per share (EPS) estimates for shares of Algoma Steel Group in a 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 prior estimate 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 raised Algoma Steel Group to a “hold” rating in a research report on Tuesday, April 22nd.

Algoma Steel Group Price Performance

Shares of NASDAQ ASTL opened at $5.76 on Monday. The company has a quick ratio of 1.66, a current ratio of 3.31 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $604.42 million, a PE ratio of -4.54 and a beta of 1.57. The firm has a fifty day simple moving average of $5.60 and a 200 day simple moving average of $8.14. Algoma Steel Group has a twelve month low of $4.17 and a twelve month high of $12.14.

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

Hedge Funds Weigh In On Algoma Steel Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Woodline Partners LP raised its position in shares of Algoma Steel Group by 59.2% during the fourth quarter. Woodline Partners LP now owns 2,844,439 shares of the company’s stock worth $27,819,000 after purchasing an additional 1,057,517 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. lifted its position in Algoma Steel Group by 1.0% in the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 2,179,362 shares of the company’s stock valued at $21,320,000 after acquiring an additional 22,049 shares in the last quarter. Intact Investment Management Inc. increased its holdings in Algoma Steel Group by 24.6% during the 1st 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of 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 worth $12,884,000 after purchasing an additional 966,976 shares during the last quarter. Finally, J. Goldman & Co LP lifted its holdings in shares of Algoma Steel Group by 1.5% in the fourth quarter. J. Goldman & Co LP now owns 1,226,375 shares of the company’s stock valued at $11,994,000 after purchasing an additional 17,802 shares in the last quarter. Institutional investors own 72.00% of the company’s stock.

Algoma Steel Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, May 13th. Algoma Steel Group’s payout ratio is -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.