Q1 Earnings Forecast for Algoma Central Issued By Cormark

Algoma Central Co. (TSE:ALC - Free Report) - Investment analysts at Cormark cut their Q1 2025 earnings estimates for shares of Algoma Central in a research report issued on Monday, March 3rd. Cormark analyst D. Ocampo now anticipates that the company will post earnings of ($0.64) per share for the quarter, down from their prior forecast of ($0.60). The consensus estimate for Algoma Central's current full-year earnings is $1.90 per share. Cormark also issued estimates for Algoma Central's Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.94 EPS and FY2026 earnings at $2.21 EPS.

Algoma Central Stock Down 1.1 %

Shares of TSE ALC traded down C$0.16 during midday trading on Thursday, reaching C$14.84. 8,022 shares of the company's stock were exchanged, compared to its average volume of 7,202. The stock has a market capitalization of C$607.57 million, a PE ratio of 8.24 and a beta of 0.72. Algoma Central has a 52-week low of C$14.03 and a 52-week high of C$15.60. The company has a debt-to-equity ratio of 50.70, a quick ratio of 2.06 and a current ratio of 0.76. The business's fifty day moving average price is C$14.84 and its two-hundred day moving average price is C$14.80.

Insider Activity

In other news, Director Richard Brydone Carty sold 2,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of C$15.10, for a total value of C$30,200.00. Company insiders own 54.61% of the company's stock.

Algoma Central Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, March 3rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.39%. This is a positive change from Algoma Central's previous quarterly dividend of $0.19. The ex-dividend date was Friday, February 14th. Algoma Central's dividend payout ratio is presently 42.19%.

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Algoma Central Company Profile

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.