Stifel Canada Issues Pessimistic Estimate for ASTL Earnings

Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) - Equities researchers at Stifel Canada reduced their Q1 2027 earnings per share (EPS) estimates for Algoma Steel Group in a note issued to investors on Thursday, March 13th. Stifel Canada analyst I. Gillies now anticipates that the company will earn $0.24 per share 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 2.5 %

Shares of NASDAQ:ASTL traded up $0.16 during trading on Monday, reaching $6.51. 672,327 shares of the stock were exchanged, compared to its average volume of 625,129. Algoma Steel Group has a 1-year low of $5.20 and a 1-year high of $12.14. The stock has a fifty day moving average of $7.66 and a two-hundred day moving average of $9.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66. The firm has a market cap of $682.79 million, a price-to-earnings ratio of -5.13 and a beta of 1.47.

Algoma Steel Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, March 21st. This represents a $0.20 annualized dividend and a yield of 3.07%. Algoma Steel Group's payout ratio is -17.54%.

Institutional Inflows and Outflows

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

Remove Ads

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.