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Last C$16.74 CAD
Change Today +0.04 / 0.24%
Volume 1.0K
ALC On Other Exchanges
Symbol
Exchange
Toronto
As of 4:00 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

algoma central corp (ALC) Snapshot

Open
C$16.74
Previous Close
C$16.70
Day High
C$16.74
Day Low
C$16.73
52 Week High
08/6/15 - C$17.60
52 Week Low
10/14/14 - C$15.35
Market Cap
651.4M
Average Volume 10 Days
9.6K
EPS TTM
C$1.25
Shares Outstanding
38.9M
EX-Date
08/14/15
P/E TM
13.3x
Dividend
C$0.28
Dividend Yield
1.68%
Current Stock Chart for ALGOMA CENTRAL CORP (ALC)

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algoma central corp (ALC) Details

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 through four segments: Domestic Dry-Bulk, Product Tankers, Ocean Shipping, and Real Estate. The Domestic Dry-Bulk segment owns and manages 18 self-unloading bulk carriers and 7 gearless bulk carriers to carry dry-bulk products, including grain, coal and coke, iron ore, salt, and aggregates in Great Lakes, St. Lawrence Seaway, and Atlantic Canada. It also provides ship repair and steel fabricating services. The Product Tankers segment owns and manages 7 Canadian flag tanker vessels to carry petroleum products on the Great Lakes, the St. Lawrence Seaway, and Atlantic Canada; and 1 product tanker. The Ocean Shipping segment owns 2 ocean-going self-unloading vessels that trade dry-bulk commodities worldwide. The Real Estate segment develops, rents, and manages shopping centers, commercial plazas, a hotel, office buildings, and an apartment building in Sault Ste. Marie, St. Catharines and Waterloo, Ontario. The company was formerly known as Algoma Central Railway and changed its name to Algoma Central Corporation in 1990. Algoma Central Corporation was founded in 1899 and is headquartered in Sault Ste. Marie, Canada.

2,100 Employees
Last Reported Date: 02/24/15
Founded in 1899

algoma central corp (ALC) Top Compensated Officers

Chief Financial Officer and Vice President of...
Total Annual Compensation: C$265.0K
Senior Vice President of Commercial
Total Annual Compensation: C$273.8K
Senior Vice President of Technical
Total Annual Compensation: C$273.8K
Vice President of Real Estate
Total Annual Compensation: C$218.0K
Compensation as of Fiscal Year 2014.

algoma central corp (ALC) Key Developments

Algoma Central Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Algoma Central Corporation reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenues were CAD 132,809 compared to CAD 138,333 for the same period in 2014. The decrease in revenue was incurred mainly in the Product Tankers segment due to reduced customer demand. Net earnings for the 2015 second quarter and six months reflect a one-time gain on the cancellation of shipbuilding contracts of CAD 10,212. Excluding this gain from the 2015 results, net earnings for the second quarter would have been CAD 13,118 compared to net earnings of CAD 14,946 for the 2014 second quarter. Operating income net of income tax was CAD 23,409 against CAD 16,641 a year ago. For the six months, revenues were CAD 184,437 against CAD 190,071 a year ago. Net earnings for the 2015 second quarter and six months reflect a one-time gain on the cancellation of shipbuilding contracts of CAD 10,212. Excluding this gain from the 2015 results, net loss would have been CAD 9,874 compared to a net loss of CAD 6,920 for the same period in the prior year. Operating income net of income tax was CAD 2,263 against operating loss net of income tax of CAD 3,670 a year ago. The company announced that its Board of Directors has authorized payment of a quarterly cash dividend to shareholders of CAD 0.07 per common share. The cash dividend is payable on September 1, 2015 to shareholders of record on August 18, 2015.

Algoma Central Corp. - Shareholder/Analyst Call

Annual general meeting of shareholders

Algoma Central Corp. Authorizes Quarterly Cash Dividend, Payable on June 1, 2015; Announces Earnings Results for the First Quarter Ended March 31, 2015

The Board of Directors of Algoma Central Corp. authorized payment of a quarterly cash dividend to shareholders of $0.07 per common share. The cash dividend is payable on June 1, 2015 to shareholders of record on May 18, 2015. The company announced earnings results for the first quarter ended March 31, 2015. The company reported first quarter revenues for 2015 of $51,628 compared to $51,738 for the same period in 2014. Net loss and basic loss per share were $22,992 and $0.59, respectively, compared to $21,866 and $0.56, respectively, for the same period last year. Operating loss net of income tax was $21,146 against $20,311 a year ago.

 

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ALC Competitors

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International Shipholding Corp $5.89 USD +0.69
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Industry Analysis

ALC

Industry Average

Valuation ALC Industry Range
Price/Earnings 11.4x
Price/Sales 1.2x
Price/Book 1.0x
Price/Cash Flow 5.8x
TEV/Sales 0.4x
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