Alamo Group (ALG) Scheduled to Post Quarterly Earnings on Thursday

Alamo Group (NYSE:ALG) will release its earnings data after the market closes on Thursday, October 31st. Analysts expect Alamo Group to post earnings of $2.60 per share for the quarter.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.44). Alamo Group had a net margin of 7.56% and a return on equity of 13.51%. The company had revenue of $416.30 million for the quarter. During the same quarter last year, the firm earned $3.03 earnings per share. On average, analysts expect Alamo Group to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Alamo Group Trading Up 0.1 %

ALG stock opened at $168.97 on Friday. The company has a current ratio of 4.37, a quick ratio of 2.52 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.04 billion, a P/E ratio of 15.03 and a beta of 1.06. Alamo Group has a 1-year low of $157.74 and a 1-year high of $231.40. The business’s 50 day moving average is $177.79 and its 200-day moving average is $183.93.

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Tuesday, October 15th. Alamo Group’s dividend payout ratio (DPR) is 9.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Robert W. Baird reduced their target price on shares of Alamo Group from $223.00 to $217.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. DA Davidson upped their price objective on shares of Alamo Group from $209.00 to $219.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, StockNews.com cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

Insider Transactions at Alamo Group

In related news, EVP Edward Rizzuti sold 322 shares of Alamo Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the transaction, the executive vice president now directly owns 7,765 shares of the company’s stock, valued at $1,384,421.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Alamo Group news, EVP Edward Rizzuti sold 322 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the sale, the executive vice president now owns 7,765 shares in the company, valued at approximately $1,384,421.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Richard Hodges Raborn sold 300 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total transaction of $54,384.00. Following the completion of the transaction, the executive vice president now directly owns 11,061 shares of the company’s stock, valued at approximately $2,005,138.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis 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.