Alamo Group (ALG) Set to Announce Quarterly Earnings on Thursday

Alamo Group (NYSE:ALG) will 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data 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 Stock Down 0.4 %

NYSE ALG traded down $0.85 during trading hours on Tuesday, hitting $198.65. 66,080 shares of the company traded hands, compared to its average volume of 70,024. The business’s 50-day moving average is $209.75 and its 200-day moving average is $199.95. Alamo Group has a twelve month low of $157.74 and a twelve month high of $231.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.76. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 17.56 and a beta of 1.04.

Alamo Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $1.04 annualized dividend and a yield of 0.52%. Alamo Group’s dividend payout ratio (DPR) is presently 9.15%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALG. StockNews.com raised Alamo Group from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. DA Davidson increased their price target on Alamo Group from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th.

Insider Activity

In other news, EVP Michael A. Haberman sold 418 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $223.87, for a total value of $93,577.66. Following the completion of the sale, the executive vice president now directly 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 is accessible through this link. Insiders own 1.40% of the company’s stock.

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.