Algoma Central Co. (TSE:ALC - Free Report) - Stock analysts at Cormark reduced their Q2 2025 earnings estimates for Algoma Central in a research note issued to investors on Monday, May 5th. Cormark analyst D. Ocampo now expects that the company will earn $0.75 per share for the quarter, down from their prior estimate of $0.83. 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 $0.79 EPS, FY2025 earnings at $1.88 EPS and FY2026 earnings at $1.97 EPS.
Separately, BMO Capital Markets dropped their price objective on Algoma Central from C$18.00 to C$15.00 in a research note on Monday, March 17th.
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Algoma Central Stock Up 1.2 %
Shares of TSE:ALC opened at C$15.44 on Thursday. The firm has a fifty day moving average price of C$15.05 and a two-hundred day moving average price of C$14.95. The company has a market cap of C$632.14 million, a price-to-earnings ratio of 8.57 and a beta of 0.72. The company has a debt-to-equity ratio of 50.70, a current ratio of 0.76 and a quick ratio of 2.06. Algoma Central has a one year low of C$14.03 and a one year high of C$15.60.
Algoma Central Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, June 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Friday, May 16th. This represents a $0.80 annualized dividend and a yield of 5.18%. Algoma Central's payout ratio is presently 42.19%.
Insiders Place Their Bets
In other Algoma Central news, Director Richard Brydone Carty sold 2,000 shares of the company's 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. Corporate insiders own 54.61% of the company's stock.
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.
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