Algoma Central Co. (TSE:ALC – Free Report) – Analysts at Cormark dropped their FY2024 earnings per share estimates for shares of Algoma Central in a research note issued to investors on Tuesday, August 6th. Cormark analyst D. Ocampo now expects that the company will post earnings per share of $1.77 for the year, down from their prior forecast of $2.16. The consensus estimate for Algoma Central’s current full-year earnings is $2.16 per share. Cormark also issued estimates for Algoma Central’s Q4 2024 earnings at $0.77 EPS, Q1 2025 earnings at ($0.59) EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.91 EPS, Q4 2025 earnings at $0.75 EPS, FY2025 earnings at $1.90 EPS and FY2026 earnings at $2.09 EPS.
Algoma Central Trading Up 0.4 %
Shares of TSE:ALC traded up C$0.06 during mid-day trading on Thursday, hitting C$14.28. The stock had a trading volume of 15,527 shares, compared to its average volume of 12,602. Algoma Central has a 12-month low of C$14.07 and a 12-month high of C$15.75. The company has a debt-to-equity ratio of 56.05, a quick ratio of 2.06 and a current ratio of 0.58. The company has a market cap of C$564.35 million, a PE ratio of 6.90 and a beta of 0.72. The company’s 50 day moving average is C$14.26 and its 200-day moving average is C$14.62.
Algoma Central Announces Dividend
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.
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