Alamo Group (ALG) to Release Earnings on Thursday

Alamo Group (NYSE:ALG) is set to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Alamo Group to post earnings of $2.66 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.22). Alamo Group had a return on equity of 15.52% and a net margin of 8.06%. The firm had revenue of $417.54 million for the quarter. On average, analysts expect Alamo Group to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Alamo Group Trading Down 2.5 %

Shares of Alamo Group stock opened at $194.53 on Wednesday. Alamo Group has a 52-week low of $157.74 and a 52-week high of $231.40. The company has a quick ratio of 1.99, a current ratio of 3.76 and a debt-to-equity ratio of 0.24. The company’s 50-day simple moving average is $209.32 and its 200-day simple moving average is $200.12. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 17.12 and a beta of 1.04.

Alamo Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, April 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.53%. Alamo Group’s dividend payout ratio (DPR) is 9.15%.

Insider Buying and Selling

In related news, EVP Michael A. Haberman sold 418 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total transaction of $93,577.66. Following the sale, the executive vice president now owns 19,206 shares of the company’s stock, valued at $4,299,647.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ALG. StockNews.com raised shares of Alamo Group from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. DA Davidson boosted their price objective on shares of Alamo Group from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th.

About Alamo Group

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.