Cormark Analysts Lower Earnings Estimates for Algoma Central

Posted by Michael Walen on Mar 6th, 2025

Algoma Central Co. (TSE:ALC – Free Report) – Equities research analysts at Cormark dropped their Q1 2025 EPS estimates for Algoma Central in a research report issued on Monday, March 3rd. Cormark analyst D. Ocampo now expects that the company will post earnings per share of ($0.64) for the quarter, down from their previous 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 Stock Down 0.4 %

Shares of TSE ALC opened at C$14.75 on Thursday. The company has a debt-to-equity ratio of 50.70, a quick ratio of 2.06 and a current ratio of 0.76. Algoma Central has a 1 year low of C$14.03 and a 1 year high of C$15.60. The stock’s 50-day simple moving average is C$14.82 and its 200-day simple moving average is C$14.80. The firm has a market cap of C$603.89 million, a price-to-earnings ratio of 8.19 and a beta of 0.72.

Algoma Central Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, March 3rd were given a dividend of $0.20 per share. This is a boost 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 (DPR) is presently 42.19%.

Insider Buying and Selling at Algoma Central

In other news, Director Richard Brydone Carty sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$15.10, for a total transaction of C$30,200.00. 54.61% of the stock is owned by insiders.

Algoma Central Company Profile

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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.