Algoma Central Co. (TSE:ALC - Free Report) - Analysts at Cormark upped their FY2024 earnings estimates for shares of Algoma Central in a research report issued to clients and investors on Tuesday, November 5th. Cormark analyst D. Ocampo now expects that the company will post earnings per share of $1.81 for the year, up from their prior estimate of $1.77. 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 2024 earnings at $0.78 EPS, Q1 2025 earnings at ($0.60) EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.77 EPS and FY2025 earnings at $1.95 EPS.
Algoma Central Stock Performance
TSE ALC traded down C$0.01 on Thursday, reaching C$15.10. 6,689 shares of the stock were exchanged, compared to its average volume of 11,450. Algoma Central has a one year low of C$14.03 and a one year high of C$15.60. The firm has a market capitalization of C$612.61 million, a PE ratio of 9.10 and a beta of 0.72. The company's 50-day simple moving average is C$14.75 and its two-hundred day simple moving average is C$14.52. The company has a current ratio of 0.65, a quick ratio of 2.06 and a debt-to-equity ratio of 56.47.
Algoma Central Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Monday, November 18th. Algoma Central's payout ratio is currently 45.78%.
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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