Stifel Canada Issues Pessimistic Outlook for ASTL Earnings

Algoma Steel Group Inc. (NASDAQ:ASTL) – Stock analysts at Stifel Canada reduced their Q1 2027 earnings per share estimates for shares of Algoma Steel Group in a report issued 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 prior 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 Performance

Shares of Algoma Steel Group stock opened at $6.33 on Monday. The company has a quick ratio of 1.66, a current ratio of 3.31 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average is $7.75 and its two-hundred day moving average is $9.37. Algoma Steel Group has a 52 week low of $5.20 and a 52 week high of $12.14. The company has a market capitalization of $663.92 million, a PE ratio of -4.98 and a beta of 1.47.

Hedge Funds Weigh In On Algoma Steel Group

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

Algoma Steel Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 21st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, March 21st. Algoma Steel Group’s payout ratio is presently -17.54%.

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.