Alamo Group (NYSE:ALG – Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $2.79 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Alamo Group (NYSE:ALG – Get Free Report) last released its quarterly earnings data on Friday, May 3rd. The industrial products company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.01. Alamo Group had a net margin of 7.92% and a return on equity of 14.82%. The firm had revenue of $425.59 million during the quarter. During the same quarter in the previous year, the business posted $2.79 earnings per share. On average, analysts expect Alamo Group to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.
Alamo Group Trading Down 0.6 %
Alamo Group stock traded down $1.20 during midday trading on Tuesday, hitting $192.07. 21,506 shares of the stock were exchanged, compared to its average volume of 73,074. Alamo Group has a fifty-two week low of $157.74 and a fifty-two week high of $231.40. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 17.19 and a beta of 1.04. The stock’s 50-day simple moving average is $180.46 and its 200 day simple moving average is $198.49. The company has a current ratio of 4.29, a quick ratio of 2.49 and a debt-to-equity ratio of 0.32.
Alamo Group Dividend Announcement
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. DA Davidson lowered their target price on shares of Alamo Group from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. StockNews.com lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.
Get Our Latest Research Report on ALG
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.
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