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

Algoma Steel Group (NASDAQ:ASTL) is anticipated to announce 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. Investors can find conference call details on the company’s upcoming Q2 2027 earning report page for the latest details on the call scheduled for Wednesday, February 25, 2026 at 12:00 AM ET.

Algoma Steel Group Trading Down 5.6%

ASTL opened at $4.40 on Monday. The stock has a market capitalization of $462.00 million, a P/E ratio of -0.93 and a beta of 1.54. The company has a current ratio of 2.29, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. Algoma Steel Group has a 12 month low of $3.02 and a 12 month high of $7.24. The firm’s fifty day simple moving average is $4.47 and its 200 day simple moving average is $4.28.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Algoma Steel Group in the 2nd quarter valued at $32,000. Element Pointe Advisors LLC acquired a new position in shares of Algoma Steel Group during the 4th quarter worth about $41,000. Federation des caisses Desjardins du Quebec boosted its stake in shares of Algoma Steel Group by 101.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 17,860 shares of the company’s stock worth $73,000 after buying an additional 9,000 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Algoma Steel Group in the 3rd quarter valued at about $79,000. Finally, FIL Ltd bought a new position in shares of Algoma Steel Group in the 4th quarter valued at about $85,000. Institutional investors own 72.00% of the company’s stock.

Analysts Set New Price Targets

ASTL has been the topic of several recent research reports. Jefferies Financial Group began coverage on Algoma Steel Group in a research note on Friday, January 2nd. They issued a “hold” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Algoma Steel Group in a research report on Monday, December 29th. Finally, Zacks Research upgraded Algoma Steel Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. 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 company. Based on data from MarketBeat, Algoma Steel Group presently has a consensus rating of “Hold”.

About Algoma Steel Group

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.