Algoma Steel Group (ASTL) Expected to Announce Earnings on Wednesday

Algoma Steel Group (NASDAQ:ASTL) is anticipated to issue its Q2 2027 results after the market closes on Wednesday, March 11th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $474.30 million for the quarter. Individuals can check the company’s upcoming Q2 2027 earning summary page for the latest details on the call scheduled for Wednesday, February 25, 2026 at 12:00 AM ET.

Algoma Steel Group Stock Down 2.5%

Shares of NASDAQ:ASTL opened at $4.60 on Wednesday. The company’s fifty day moving average is $4.45 and its two-hundred day moving average is $4.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 2.29. Algoma Steel Group has a 1-year low of $3.02 and a 1-year high of $7.24. The stock has a market capitalization of $483.00 million, a price-to-earnings ratio of -0.97 and a beta of 1.54.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Algoma Steel Group in a report on Friday, January 2nd. They issued a “hold” rating on the stock. Zacks Research raised Algoma Steel Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Algoma Steel Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Algoma Steel Group presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Maple Rock Capital Partners Inc. increased its holdings in shares of Algoma Steel Group by 38.3% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 14,430,818 shares of the company’s stock valued at $59,166,000 after purchasing an additional 4,000,000 shares during the period. Quadrature Capital Ltd grew its position in Algoma Steel Group by 14,366.4% in the 3rd quarter. Quadrature Capital Ltd now owns 1,529,100 shares of the company’s stock valued at $5,439,000 after buying an additional 1,518,530 shares in the last quarter. LM Asset Management Inc. increased its stake in Algoma Steel Group by 27.8% during the 4th quarter. LM Asset Management Inc. now owns 1,470,000 shares of the company’s stock valued at $6,027,000 after buying an additional 320,000 shares during the period. Verition Fund Management LLC acquired a new position in Algoma Steel Group during the 4th quarter valued at about $5,120,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Algoma Steel Group by 37.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 702,734 shares of the company’s stock worth $2,897,000 after buying an additional 192,581 shares in the last quarter. Institutional investors and hedge funds own 72.00% of the company’s stock.

Algoma Steel Group Company Profile

Algoma Steel Group Inc is a North American steel producer headquartered in Sault Ste. Marie, Ontario. The company operates a modern electric arc furnace (EAF) complex and an integrated rolling mill, enabling it to transform scrap and direct reduced iron into a wide range of steel products. Algoma Steel Group returned to public markets in 2021 with listings on both the Toronto Stock Exchange and the Nasdaq under the symbol ASTL.

Founded in 1901 as Algoma Steel Corporation, the company grew to become one of Canada’s leading steelmakers before undergoing restructuring in the early 2000s.