Zacks: Analysts Expect Alamo Group Inc. (NYSE:ALG) to Post $1.56 EPS

Wall Street analysts predict that Alamo Group Inc. (NYSE:ALG) will post earnings per share of $1.56 for the current quarter, Zacks reports. Zero analysts have provided estimates for Alamo Group’s earnings. Alamo Group reported earnings per share of $1.06 during the same quarter last year, which suggests a positive year-over-year growth rate of 47.2%. The firm is expected to report its next earnings report on Wednesday, August 4th.

According to Zacks, analysts expect that Alamo Group will report full year earnings of $7.41 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $8.48 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Alamo Group.

Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Tuesday, May 4th. The industrial products company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.08. Alamo Group had a return on equity of 10.26% and a net margin of 5.05%. The company had revenue of $311.19 million during the quarter.

Several brokerages recently weighed in on ALG. Colliers Securities reissued a “buy” rating on shares of Alamo Group in a report on Thursday, July 1st. Zacks Investment Research lowered Alamo Group from a “buy” rating to a “hold” rating in a report on Monday, July 12th.

ALG traded down $3.41 during trading hours on Thursday, hitting $142.44. The stock had a trading volume of 359 shares, compared to its average volume of 31,765. The firm’s fifty day simple moving average is $150.64. Alamo Group has a 1 year low of $97.52 and a 1 year high of $165.98. The stock has a market capitalization of $1.70 billion, a PE ratio of 28.86, a PEG ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.10 and a current ratio of 3.55.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 28th. Shareholders of record on Thursday, July 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, July 14th. Alamo Group’s payout ratio is presently 9.43%.

In other news, insider Ronald A. Robinson sold 2,519 shares of the business’s stock in a transaction dated Tuesday, June 1st. The stock was sold at an average price of $156.85, for a total transaction of $395,105.15. Following the completion of the transaction, the insider now owns 229,533 shares of the company’s stock, valued at $36,002,251.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Edward Rizzuti sold 475 shares of the business’s stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of $157.96, for a total value of $75,031.00. Following the transaction, the vice president now directly owns 5,109 shares of the company’s stock, valued at approximately $807,017.64. The disclosure for this sale can be found here. Insiders have sold a total of 21,956 shares of company stock valued at $3,344,945 in the last ninety days. Insiders own 3.06% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in shares of Alamo Group by 2.4% during the second quarter. State of Alaska Department of Revenue now owns 6,848 shares of the industrial products company’s stock worth $1,045,000 after purchasing an additional 161 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Alamo Group during the first quarter worth about $387,000. Millennium Management LLC purchased a new position in shares of Alamo Group during the first quarter worth about $1,223,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Alamo Group during the first quarter worth about $215,000. Finally, Punch & Associates Investment Management Inc. grew its holdings in shares of Alamo Group by 0.8% during the first quarter. Punch & Associates Investment Management Inc. now owns 73,630 shares of the industrial products company’s stock worth $11,497,000 after purchasing an additional 596 shares in the last quarter. 90.48% of the stock is owned by institutional investors.

About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, such as boom-mounted mowers; other cutters and replacement parts for heavy-duty and intensive uses; and heavy duty, tractor-and truck-mounted mowing, and vegetation maintenance equipment and replacement parts.

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