Cormark Has Negative Outlook of Algoma Central Q2 Earnings

Algoma Central Co. (TSE:ALC) – Equities research analysts at Cormark dropped their Q2 2025 earnings per share estimates for Algoma Central in a research note issued on Tuesday, November 5th. Cormark analyst D. Ocampo now forecasts that the company will post earnings of $0.82 per share for the quarter, down from their prior forecast of $0.83. The consensus estimate for Algoma Central’s current full-year earnings is $1.90 per share.

Algoma Central Stock Up 0.1 %

TSE ALC opened at C$15.11 on Wednesday. The stock has a market cap of C$613.01 million, a PE ratio of 9.10 and a beta of 0.72. The business has a 50 day moving average price of C$14.75 and a two-hundred day moving average price of C$14.52. Algoma Central has a fifty-two week low of C$14.03 and a fifty-two week high of C$15.60. The company has a quick ratio of 2.06, a current ratio of 0.65 and a debt-to-equity ratio of 56.47.

Algoma Central Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Monday, November 18th. Algoma Central’s payout ratio is 45.78%.

About Algoma Central

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.