Algoma Central (TSE:ALC - Get Free Report) is set to announce its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of C$0.95 per share for the quarter.
Algoma Central (TSE:ALC - Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The company reported C$0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.81 by C($0.37). Algoma Central had a return on equity of 9.14% and a net margin of 9.98%. The firm had revenue of C$180.97 million for the quarter, compared to analysts' expectations of C$215.80 million.
Algoma Central Stock Performance
ALC traded up C$0.08 on Monday, reaching C$15.03. The stock had a trading volume of 14,970 shares, compared to its average volume of 11,445. The business's 50-day moving average price is C$14.68 and its two-hundred day moving average price is C$14.51. The company has a market cap of C$609.77 million, a P/E ratio of 9.01 and a beta of 0.72. Algoma Central has a 12-month low of C$14.03 and a 12-month high of C$15.60. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, September 3rd were paid a $0.19 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.76 annualized dividend and a dividend yield of 5.06%. Algoma Central's dividend payout ratio is presently 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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