Cormark Comments on Algoma Central Co.’s Q4 2024 Earnings (TSE:ALC)

Algoma Central Co. (TSE:ALC) – Investment analysts at Cormark upped their Q4 2024 EPS estimates for Algoma Central in a note issued to investors on Thursday, May 2nd. Cormark analyst D. Ocampo now expects that the company will earn $0.81 per share for the quarter, up from their prior forecast of $0.72. The consensus estimate for Algoma Central’s current full-year earnings is $1.78 per share. Cormark also issued estimates for Algoma Central’s Q2 2025 earnings at $0.90 EPS, Q3 2025 earnings at $1.00 EPS and Q4 2025 earnings at $0.91 EPS.

Algoma Central Stock Performance

Shares of Algoma Central stock opened at C$14.65 on Monday. The business’s 50 day moving average price is C$14.81 and its 200 day moving average price is C$14.85. The company has a market cap of C$578.97 million, a price-to-earnings ratio of 7.08 and a beta of 0.72. The company has a debt-to-equity ratio of 48.49, a quick ratio of 2.06 and a current ratio of 1.10. Algoma Central has a one year low of C$14.14 and a one year high of C$15.75.

Algoma Central (TSE:ALC) last released its earnings results on Monday, February 26th. The company reported C$0.80 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.57 by C$0.23. The business had revenue of C$201.32 million for the quarter, compared to analyst estimates of C$186.60 million. Algoma Central had a net margin of 11.86% and a return on equity of 11.02%.

Algoma Central Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.76 annualized dividend and a dividend yield of 5.19%. Algoma Central’s payout ratio is 36.71%.

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.