Cormark Has Negative Forecast for Algoma Central Q1 Earnings

Posted by Shelly Janes on Mar 6th, 2025

Algoma Central Co. (TSE:ALC – Free Report) – Equities researchers at Cormark decreased their Q1 2025 earnings per share estimates for shares of Algoma Central in a research note issued to investors on Monday, March 3rd. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of ($0.64) for the quarter, down from their prior estimate 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 ALC opened at C$14.75 on Thursday. The business has a 50-day simple moving average of C$14.82 and a two-hundred day simple moving average of C$14.80. Algoma Central has a 12-month low of C$14.03 and a 12-month high of C$15.60. The company has a quick ratio of 2.06, a current ratio of 0.76 and a debt-to-equity ratio of 50.70. The stock has a market cap of C$603.89 million, a PE ratio of 8.19 and a beta of 0.72.

Algoma Central Increases Dividend

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

Insider Transactions at Algoma Central

In related 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. Company insiders own 54.61% of the company’s stock.

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.