Q2 2022 EPS Estimates for Algoma Central Co. Boosted by Analyst (TSE:ALC)

Algoma Central Co. (TSE:ALC – Get Rating) – Investment analysts at Cormark lifted their Q2 2022 earnings per share (EPS) estimates for Algoma Central in a research note issued on Thursday, May 5th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $0.77 for the quarter, up from their prior forecast of $0.76. Cormark also issued estimates for Algoma Central’s Q1 2023 earnings at ($0.49) EPS, Q2 2023 earnings at $0.82 EPS, Q3 2023 earnings at $0.90 EPS, Q4 2023 earnings at $0.77 EPS and FY2024 earnings at $2.15 EPS.

Shares of Algoma Central stock opened at C$16.95 on Friday. The company has a current ratio of 2.26, a quick ratio of 2.01 and a debt-to-equity ratio of 61.26. The business’s 50 day simple moving average is C$17.22 and its 200-day simple moving average is C$17.23. The stock has a market capitalization of C$640.73 million and a price-to-earnings ratio of 8.44. Algoma Central has a twelve month low of C$15.08 and a twelve month high of C$18.93.

Algoma Central (TSE:ALC – Get Rating) last announced its quarterly earnings results on Monday, February 28th. The company reported C$0.77 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.62 by C$0.15. The company had revenue of C$178.85 million for the quarter, compared to analyst estimates of C$165.50 million.

About Algoma Central (Get Rating)

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

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