Brokers Set Expectations for Algoma Central FY2025 Earnings

Posted by Dante Gardener on Mar 5th, 2025

Algoma Central Co. (TSE:ALC – Free Report) – Equities researchers at Cormark upped their FY2025 earnings per share estimates for shares of Algoma Central in a research note issued to investors on Monday, March 3rd. Cormark analyst D. Ocampo now expects that the company will post earnings of $1.97 per share for the year, up from their previous estimate of $1.95. 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 2025 earnings at $0.84 EPS.

Algoma Central Price Performance

TSE ALC opened at C$14.81 on Wednesday. The firm’s 50 day moving average is C$14.81 and its 200-day moving average is C$14.80. The company has a quick ratio of 2.06, a current ratio of 0.76 and a debt-to-equity ratio of 50.70. The company has a market capitalization of C$606.34 million, a PE ratio of 8.22 and a beta of 0.72. Algoma Central has a 12-month low of C$14.03 and a 12-month high of C$15.60.

Insider Activity

In other news, Director Richard Brydone Carty sold 2,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$15.10, for a total value of C$30,200.00. 54.61% of the stock is owned by corporate insiders.

Algoma Central Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, March 3rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.40%. This is an increase from Algoma Central’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, February 14th. Algoma Central’s dividend payout ratio is currently 42.19%.

Algoma Central Company Profile

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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.