Algoma Central Co. (TSE:ALC - Free Report) - Cormark upped their FY2025 earnings per share (EPS) estimates for Algoma Central in a research report issued on Monday, March 3rd. Cormark analyst D. Ocampo now expects that the company will earn $1.97 per share for the year, up from their previous forecast of $1.95. The consensus estimate for Algoma Central's current full-year earnings is $1.90 per share. Cormark also issued estimates for Algoma Central's Q4 2025 earnings at $0.84 EPS.
Algoma Central Trading Up 1.7 %
Shares of TSE ALC traded up C$0.25 during mid-day trading on Wednesday, hitting C$15.00. 6,067 shares of the company traded hands, compared to its average volume of 7,184. Algoma Central has a 1 year low of C$14.03 and a 1 year high of C$15.60. The stock has a market capitalization of C$614.12 million, a price-to-earnings ratio of 8.33 and a beta of 0.72. The company has a quick ratio of 2.06, a current ratio of 0.76 and a debt-to-equity ratio of 50.70. The business has a 50 day moving average of C$14.84 and a two-hundred day moving average of C$14.80.
Algoma Central Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, March 3rd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.33%. This is an increase 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 currently 42.19%.
Insider Activity
In related news, Director Richard Brydone Carty sold 2,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of C$15.10, for a total value of C$30,200.00. 54.61% of the stock is currently owned by company insiders.
About Algoma Central
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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.
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