Zacks: Analysts Anticipate Alamo Group Inc. (NYSE:ALG) to Announce $2.06 EPS

Wall Street brokerages forecast that Alamo Group Inc. (NYSE:ALGGet Rating) will report earnings of $2.06 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Alamo Group’s earnings. Alamo Group reported earnings of $1.97 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 4.6%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Alamo Group will report full-year earnings of $8.13 per share for the current financial year. For the next year, analysts anticipate that the company will report earnings of $9.58 per share. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Alamo Group.

Alamo Group (NYSE:ALGGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.08). Alamo Group had a net margin of 5.87% and a return on equity of 11.59%. During the same quarter in the previous year, the business earned $1.47 EPS.

Separately, StockNews.com cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Tuesday.

A number of institutional investors have recently added to or reduced their stakes in ALG. Allspring Global Investments Holdings LLC purchased a new stake in Alamo Group in the 4th quarter valued at about $53,778,000. Westwood Holdings Group Inc. lifted its position in shares of Alamo Group by 41.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 236,617 shares of the industrial products company’s stock worth $34,826,000 after purchasing an additional 69,054 shares during the period. Granite Investment Partners LLC lifted its position in shares of Alamo Group by 48.1% in the 1st quarter. Granite Investment Partners LLC now owns 168,833 shares of the industrial products company’s stock worth $24,276,000 after purchasing an additional 54,862 shares during the period. BlackRock Inc. lifted its position in shares of Alamo Group by 3.6% in the 4th quarter. BlackRock Inc. now owns 1,509,504 shares of the industrial products company’s stock worth $222,168,000 after purchasing an additional 52,051 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Alamo Group by 21.1% in the 3rd quarter. Royal Bank of Canada now owns 149,793 shares of the industrial products company’s stock worth $20,901,000 after purchasing an additional 26,080 shares during the period. 91.33% of the stock is owned by institutional investors.

Shares of Alamo Group stock traded up $0.44 during trading on Monday, reaching $113.94. 25,636 shares of the stock were exchanged, compared to its average volume of 40,560. Alamo Group has a 1 year low of $109.31 and a 1 year high of $160.71. The company has a quick ratio of 1.98, a current ratio of 3.77 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average is $136.35 and its 200 day moving average is $143.17. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 16.68 and a beta of 1.02.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Shareholders of record on Monday, April 18th were given a $0.18 dividend. The ex-dividend date was Thursday, April 14th. This represents a $0.72 annualized dividend and a yield of 0.63%. Alamo Group’s dividend payout ratio (DPR) is 10.54%.

Alamo Group Company Profile (Get Rating)

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. Its Vegetation Management Division segment offers hydraulically-powered and tractor-mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty applications, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.

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