Cormark Has Negative Estimate for Algoma Central Q2 Earnings

Algoma Central Co. (TSE:ALC) – Cormark reduced their Q2 2025 earnings estimates for shares of Algoma Central in a research note issued on Tuesday, November 5th. Cormark analyst D. Ocampo now anticipates that the company will earn $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 Performance

Algoma Central has a twelve month low of C$14.03 and a twelve month high of C$15.60. The company has a current ratio of 0.65, a quick ratio of 2.06 and a debt-to-equity ratio of 56.47. The firm has a 50-day moving average of C$14.74 and a 200 day moving average of C$14.51. The stock has a market capitalization of C$612.20 million, a P/E ratio of 9.01 and a beta of 0.72.

Algoma Central Dividend Announcement

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

Algoma Central Company Profile

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.