Q1 2019 Earnings Estimate for Algoma Central Co. Issued By Cormark (ALC)

Share on StockTwits

Algoma Central Co. (TSE:ALC) – Stock analysts at Cormark cut their Q1 2019 earnings per share estimates for Algoma Central in a report released on Wednesday, November 14th. Cormark analyst D. Tyerman now forecasts that the company will post earnings of ($0.53) per share for the quarter, down from their prior estimate of ($0.48). Cormark also issued estimates for Algoma Central’s FY2019 earnings at $0.73 EPS, FY2020 earnings at $0.91 EPS, FY2021 earnings at $1.13 EPS and FY2022 earnings at $1.28 EPS.

TSE ALC opened at C$11.90 on Friday. Algoma Central has a 52 week low of C$11.71 and a 52 week high of C$16.04. The company has a current ratio of 0.82, a quick ratio of 0.68 and a debt-to-equity ratio of 46.58.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 19th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.36%. The ex-dividend date is Friday, November 16th. Algoma Central’s dividend payout ratio (DPR) is presently 28.68%.

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 four segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, and Global Short Sea Shipping. The Domestic Dry-Bulk segment operates 13 self-unloading bulk carriers and 8 gearless bulk carrier.

Featured Story: Insider Trading – What You Need to Know

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

Receive News & Ratings for Algoma Central Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algoma Central and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply