Q3 EPS Forecast for Algoma Steel Group Boosted by Analyst

Algoma Steel Group Inc. (NASDAQ:ASTL) – Equities research analysts at Stifel Canada upped their Q3 2025 EPS estimates for Algoma Steel Group in a research note issued on Monday, September 29th. Stifel Canada analyst I. Gillies now anticipates that the company will earn ($0.63) per share for the quarter, up from their prior forecast of ($0.66). 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 ($0.39) EPS, FY2025 earnings at ($1.88) EPS, Q1 2026 earnings at ($0.60) EPS, Q2 2026 earnings at ($0.65) EPS, Q3 2026 earnings at ($0.66) EPS, Q4 2026 earnings at ($0.67) EPS and FY2026 earnings at ($2.56) EPS.

Separately, Wall Street Zen lowered 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, According to MarketBeat.com, the stock has an average rating of “Hold”.

Algoma Steel Group Stock Down 6.2%

Algoma Steel Group stock opened at $3.19 on Thursday. The company has a market capitalization of $334.74 million, a PE ratio of -1.43 and a beta of 1.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.98 and a current ratio of 2.46. Algoma Steel Group has a fifty-two week low of $3.02 and a fifty-two week high of $12.14. The firm has a 50 day moving average price of $4.69 and a 200 day moving average price of $5.46.

Algoma Steel Group (NASDAQ:ASTL) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.29). Algoma Steel Group had a negative net margin of 13.51% and a negative return on equity of 22.24%. The company had revenue of $433.14 million during the quarter, compared to analysts’ expectations of $577.67 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Algoma Steel Group in the 2nd quarter valued at approximately $10,874,000. Maple Rock Capital Partners Inc. lifted its position in shares of Algoma Steel Group by 18.3% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,396,800 shares of the company’s stock worth $57,854,000 after purchasing an additional 1,296,800 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Algoma Steel Group by 712.0% during the second quarter. TD Asset Management Inc now owns 1,363,300 shares of the company’s stock worth $9,402,000 after purchasing an additional 1,195,416 shares in the last quarter. Amitell Capital Pte Ltd purchased a new position in Algoma Steel Group in the second quarter valued at $7,441,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its stake in Algoma Steel Group by 34.0% in the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,898,205 shares of the company’s stock valued at $26,983,000 after buying an additional 989,633 shares in 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.