Q1 Earnings Estimate for Algoma Central Issued By Cormark

Posted by Defense World Staff on Mar 7th, 2025

Algoma Central Co. (TSE:ALC – Free Report) – Equities research analysts at Cormark cut their Q1 2025 earnings per share (EPS) estimates for Algoma Central in a report released on Monday, March 3rd. Cormark analyst D. Ocampo now forecasts 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 Price Performance

Shares of TSE ALC opened at C$14.75 on Thursday. The business’s 50 day moving average price is C$14.83 and its two-hundred day moving average price is C$14.80. The company has a market cap of C$603.89 million, a PE ratio of 8.19 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. Algoma Central has a twelve month low of C$14.03 and a twelve month high of C$15.60.

Algoma Central Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, March 3rd were given a $0.20 dividend. This is an increase from Algoma Central’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 5.42%. Algoma Central’s dividend payout ratio is presently 42.19%.

Insider Activity

In other news, Director Richard Brydone Carty sold 2,000 shares of the company’s stock in a transaction that occurred on 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 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.