Algoma Central (TSE:ALC) Forecasted to Earn Q1 2019 Earnings of ($0.48) Per Share

Algoma Central (TSE:ALC) – Cormark issued their Q1 2019 earnings estimates for shares of Algoma Central in a report issued on Thursday, March 15th, Zacks Investment Research reports. Cormark analyst D. Tyerman expects that the company will post earnings per share of ($0.48) for the quarter. Cormark also issued estimates for Algoma Central’s Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.51 EPS and FY2022 earnings at $1.50 EPS.

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Algoma Central (TSE:ALC) last issued its earnings results on Monday, March 5th. The company reported C$0.36 earnings per share for the quarter, missing the consensus estimate of C$0.49 by C($0.13). The company had revenue of C$138.75 million for the quarter, compared to analysts’ expectations of C$138.00 million. Algoma Central had a net margin of 15.61% and a return on equity of 14.01%.

ALC stock traded down C$0.22 during trading on Friday, hitting C$14.06. 2,733 shares of the company traded hands, compared to its average volume of 4,164. Algoma Central has a 1 year low of C$11.46 and a 1 year high of C$16.04.

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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.

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

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