Alamo Group (NYSE:ALG) Announces Earnings Results

Alamo Group (NYSE:ALG) posted its quarterly earnings data on Wednesday. The industrial products company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.44), Zacks reports. Alamo Group had a net margin of 7.56% and a return on equity of 13.51%. The firm had revenue of $416.30 million for the quarter. During the same period in the previous year, the company earned $3.03 earnings per share.

Alamo Group Stock Down 5.2 %

ALG traded down $9.69 during midday trading on Friday, hitting $175.09. 167,200 shares of the company’s stock traded hands, compared to its average volume of 88,801. Alamo Group has a one year low of $157.74 and a one year high of $231.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.37 and a quick ratio of 2.49. The stock’s fifty day simple moving average is $179.92 and its 200-day simple moving average is $198.07. The company has a market cap of $2.11 billion, a PE ratio of 15.58 and a beta of 1.04.

Alamo Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Tuesday, July 16th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, July 16th. Alamo Group’s payout ratio is presently 9.25%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. DA Davidson reduced their price objective 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. Robert W. Baird reduced their price target on shares of Alamo Group from $223.00 to $217.00 and set an “outperform” rating for the company in a research report on Friday. Finally, StockNews.com lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

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.