Cormark Analysts Reduce Earnings Estimates for Algoma Central Co. (ALC)

Algoma Central Co. (TSE:ALC) – Analysts at Cormark decreased their Q2 2019 EPS estimates for shares of Algoma Central in a report issued on Monday, May 6th, according to Zacks Investment Research. Cormark analyst D. Ocampo now anticipates that the company will post earnings of $0.28 per share for the quarter, down from their previous forecast of $0.29. Cormark also issued estimates for Algoma Central’s Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.57 EPS, FY2019 earnings at $1.02 EPS, Q2 2020 earnings at $0.42 EPS, Q3 2020 earnings at $0.69 EPS, Q4 2020 earnings at $0.61 EPS and FY2020 earnings at $1.21 EPS.

Shares of ALC stock opened at C$13.95 on Wednesday. The stock has a market cap of $537.81 million and a price-to-earnings ratio of 14.40. Algoma Central has a 1-year low of C$11.61 and a 1-year high of C$15.65. The company has a quick ratio of 1.21, a current ratio of 1.41 and a debt-to-equity ratio of 40.78.

Algoma Central (TSE:ALC) last announced its earnings results on Wednesday, March 6th. The company reported C$0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.37 by C$0.27. The company had revenue of C$149.54 million for the quarter.

The firm 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 $0.10 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.87%. Algoma Central’s dividend payout ratio is presently 41.28%.

Algoma Central Company Profile

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes – St. Lawrence Waterway in Canada. It operates in six segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties, and Corporate. The company operates 12 self-unloading bulk carriers and 8 gearless bulk carriers; and owns and manages seven double-hull product tankers for the transportation of liquid petroleum products throughout the Great Lakes, the St.

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Earnings History and Estimates for Algoma Central (TSE:ALC)

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