Stifel Canada Issues Pessimistic Estimate for ASTL Earnings

Algoma Steel Group Inc. (NASDAQ:ASTL) – Analysts at Stifel Canada cut their Q1 2027 earnings per share estimates for Algoma Steel Group in a research note issued on Thursday, March 13th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of $0.24 per share 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 Price Performance

ASTL stock opened at $6.35 on Monday. The stock has a 50-day moving average price of $7.70 and a two-hundred day moving average price of $9.34. Algoma Steel Group has a 12-month low of $5.20 and a 12-month high of $12.14. 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 $666.01 million, a PE ratio of -5.00 and a beta of 1.47.

Institutional Investors Weigh In On Algoma Steel Group

A number of institutional investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its position in Algoma Steel Group by 4.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 32,675 shares of the company’s stock valued at $320,000 after acquiring an additional 1,350 shares during the period. Geode Capital Management LLC boosted its position in shares of Algoma Steel Group by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 152,846 shares of the company’s stock worth $1,499,000 after buying an additional 1,985 shares during the period. Legal & General Group Plc boosted its position in shares of Algoma Steel Group by 4.8% in the fourth quarter. Legal & General Group Plc now owns 80,745 shares of the company’s stock worth $790,000 after buying an additional 3,666 shares during the period. Van ECK Associates Corp boosted its position in shares of Algoma Steel Group by 4.0% in the fourth quarter. Van ECK Associates Corp now owns 103,555 shares of the company’s stock worth $1,013,000 after buying an additional 3,944 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Algoma Steel Group by 3.2% in the fourth quarter. American Century Companies Inc. now owns 172,428 shares of the company’s stock worth $1,689,000 after buying an additional 5,296 shares during the period. Hedge funds and other institutional investors own 72.00% of the company’s stock.

Algoma Steel Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 21st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Friday, March 21st. Algoma Steel Group’s dividend payout ratio (DPR) is presently -17.54%.

Algoma Steel Group Company Profile

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.