Stifel Canada Issues Negative Forecast for ASTL Earnings

Algoma Steel Group Inc. (NASDAQ:ASTL) – Analysts at Stifel Canada reduced their Q3 2025 earnings per share estimates for Algoma Steel Group in a report released on Monday, October 6th. Stifel Canada analyst I. Gillies now expects that the company will earn ($0.70) per share 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.

Other analysts also recently issued reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of Algoma Steel Group in a report on Wednesday. Wall Street Zen downgraded Algoma Steel Group from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Algoma Steel Group Stock Performance

NASDAQ ASTL opened at $3.79 on Thursday. The company has a market capitalization of $397.68 million, a price-to-earnings ratio of -1.70 and a beta of 1.55. Algoma Steel Group has a twelve month low of $3.02 and a twelve month high of $12.14. The stock has a fifty day simple moving average of $4.47 and a 200 day simple moving average of $5.36. The company has a quick ratio of 0.98, a current ratio of 2.46 and a debt-to-equity ratio of 0.47.

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

Institutional Trading of Algoma Steel Group

Several large investors have recently made changes to their positions in ASTL. Charles Schwab Investment Management Inc. lifted its position in Algoma Steel Group by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 415,143 shares of the company’s stock valued at $2,253,000 after acquiring an additional 3,643 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its position in Algoma Steel Group by 21.6% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 24,435 shares of the company’s stock valued at $168,000 after acquiring an additional 4,346 shares in the last quarter. Raymond James Financial Inc. bought a new position in Algoma Steel Group in the 2nd quarter valued at about $32,000. TD Asset Management Inc lifted its position in Algoma Steel Group by 3.3% in the 1st quarter. TD Asset Management Inc now owns 167,884 shares of the company’s stock valued at $911,000 after acquiring an additional 5,325 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Algoma Steel Group by 11.3% in the 2nd quarter. Legal & General Group Plc now owns 88,583 shares of the company’s stock valued at $611,000 after acquiring an additional 8,963 shares in the last quarter. 72.00% of the stock is currently owned by institutional investors and hedge funds.

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.