Algoma Central (ALC) Set to Announce Quarterly Earnings on Monday

Algoma Central (TSE:ALC) is scheduled to be announcing its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of C$0.95 per share for the quarter.

Algoma Central (TSE:ALC) last posted its earnings results on Friday, August 2nd. The company reported C$0.44 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.81 by C($0.37). Algoma Central had a return on equity of 9.14% and a net margin of 9.98%. The business had revenue of C$180.97 million for the quarter, compared to the consensus estimate of C$215.80 million.

Algoma Central Trading Down 1.3 %

ALC opened at C$14.95 on Friday. Algoma Central has a fifty-two week low of C$14.03 and a fifty-two week high of C$15.60. The company has a debt-to-equity ratio of 56.47, a current ratio of 0.65 and a quick ratio of 2.06. The firm has a market capitalization of C$606.52 million, a price-to-earnings ratio of 9.01 and a beta of 0.72. The company’s 50 day moving average price is C$14.73 and its two-hundred day moving average price is C$14.52.

Algoma Central Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date was Tuesday, August 20th. Algoma Central’s payout ratio is 45.78%.

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.