Stifel Canada Brokers Reduce Earnings Estimates for ASTL

Algoma Steel Group Inc. (NASDAQ:ASTL) – Research analysts at Stifel Canada lowered their Q1 2027 earnings per share estimates for shares of Algoma Steel Group in a research note issued to investors on Thursday, March 13th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of $0.24 for the quarter, down from their previous estimate of $0.28. 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 Q2 2027 earnings at $0.26 EPS and Q3 2027 earnings at $0.27 EPS.

Algoma Steel Group Stock Up 5.0 %

Shares of NASDAQ ASTL opened at $6.55 on Monday. The company has a current ratio of 3.31, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The company has a market cap of $686.99 million, a price-to-earnings ratio of -5.16 and a beta of 1.47. Algoma Steel Group has a 12 month low of $5.20 and a 12 month high of $12.14. The stock has a 50-day moving average price of $7.80 and a two-hundred day moving average price of $9.39.

Algoma Steel Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 21st will be issued a $0.05 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.20 dividend on an annualized basis and a yield of 3.05%. Algoma Steel Group’s payout ratio is currently -17.54%.

Hedge Funds Weigh In On Algoma Steel Group

A number of institutional investors and hedge funds have recently modified their holdings of ASTL. Aquatic Capital Management LLC bought a new stake in shares of Algoma Steel Group in the 4th quarter valued at $64,000. Wexford Capital LP bought a new stake in Algoma Steel Group in the third quarter valued at $107,000. Squarepoint Ops LLC acquired a new position in shares of Algoma Steel Group during the fourth quarter valued at about $114,000. Two Sigma Advisers LP bought a new position in shares of Algoma Steel Group during the 4th quarter worth about $117,000. Finally, Corient Private Wealth LLC bought a new stake in Algoma Steel Group in the 4th quarter valued at about $147,000. 72.00% of the stock is currently owned by 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.