Stifel Canada Expects Lower Earnings for Algoma Steel Group

Algoma Steel Group Inc. (NASDAQ:ASTL) – Investment analysts at Stifel Canada decreased their Q2 2025 earnings per share (EPS) estimates for Algoma Steel Group in a report released on Tuesday, July 15th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of ($0.45) 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.

Algoma Steel Group (NASDAQ:ASTL) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.36. The company had revenue of $359.30 million during the quarter, compared to analysts’ expectations of $327.56 million. Algoma Steel Group had a negative net margin of 8.15% and a negative return on equity of 12.98%.

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

Algoma Steel Group Trading Up 1.7%

Shares of ASTL stock opened at $7.02 on Friday. The company has a market capitalization of $736.61 million, a PE ratio of -4.56 and a beta of 1.65. Algoma Steel Group has a 52-week low of $4.17 and a 52-week high of $12.14. The business’s fifty day moving average is $6.26 and its 200 day moving average is $6.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.47 and a current ratio of 3.10.

Hedge Funds Weigh In On Algoma Steel Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC bought a new stake in Algoma Steel Group in the 4th quarter worth $147,000. American Century Companies Inc. lifted its holdings in Algoma Steel Group by 3.2% in the 4th quarter. American Century Companies Inc. now owns 172,428 shares of the company’s stock worth $1,689,000 after buying an additional 5,296 shares during the period. Heartland Advisors Inc. grew its position in shares of Algoma Steel Group by 100.0% in the 4th quarter. Heartland Advisors Inc. now owns 200,000 shares of the company’s stock worth $1,956,000 after buying an additional 100,000 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Algoma Steel Group by 276.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,317,083 shares of the company’s stock worth $12,884,000 after buying an additional 966,976 shares during the last quarter. Finally, Hartree Partners LP increased its stake in shares of Algoma Steel Group by 44.4% during the fourth quarter. Hartree Partners LP now owns 152,751 shares of the company’s stock valued at $1,494,000 after buying an additional 46,984 shares during the period. 72.00% of the stock is currently owned by institutional investors.

Algoma Steel Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Tuesday, May 13th. Algoma Steel Group’s payout ratio is currently -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.