Cormark Brokers Boost Earnings Estimates for Algoma Central

Algoma Central Co. (TSE:ALC) – Stock analysts at Cormark boosted their FY2025 earnings per share (EPS) estimates for Algoma Central in a research report issued to clients and investors on Monday, March 3rd. Cormark analyst D. Ocampo now forecasts that the company will earn $1.97 per share for the year, up from their prior forecast 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 Stock Performance

Shares of ALC opened at C$14.75 on Wednesday. Algoma Central has a 1-year low of C$14.03 and a 1-year high of C$15.60. The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70. The firm’s 50-day moving average price is C$14.83 and its 200-day moving average price is C$14.80. The firm has a market capitalization of C$603.89 million, a price-to-earnings ratio of 8.19 and a beta of 0.72.

Algoma Central Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, March 3rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.42%. This is a boost from Algoma Central’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, February 14th. 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 firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$15.10, for a total transaction of C$30,200.00. Company insiders own 54.61% of the company’s stock.

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.