FY2024 EPS Estimates for Algoma Central Lifted by Analyst

Algoma Central Co. (TSE:ALC) – Cormark upped their FY2024 EPS 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 per share of $1.81 for the year, up from their previous estimate of $1.77. The consensus estimate for Algoma Central’s current full-year earnings is $1.90 per share. Cormark also issued estimates for Algoma Central’s Q4 2024 earnings at $0.78 EPS, Q1 2025 earnings at ($0.60) EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.77 EPS and FY2025 earnings at $1.95 EPS.

Algoma Central Trading Up 0.1 %

Algoma Central stock opened at C$15.11 on Thursday. Algoma Central has a 12 month low of C$14.03 and a 12 month high of C$15.60. The stock has a market cap of C$613.01 million, a price-to-earnings ratio of 9.10 and a beta of 0.72. The business has a 50 day moving average price of C$14.78 and a two-hundred day moving average price of C$14.52. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.76 annualized dividend and a yield of 5.03%. Algoma Central’s dividend payout ratio (DPR) is currently 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.