Alto Ingredients, Inc. (NASDAQ:ALTO - Free Report) - HC Wainwright lifted their Q3 2026 earnings per share estimates for Alto Ingredients in a note issued to investors on Thursday, May 7th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings per share of $0.19 for the quarter, up from their prior estimate of $0.04. HC Wainwright has a "Buy" rating and a $10.00 price objective on the stock. The consensus estimate for Alto Ingredients' current full-year earnings is $0.54 per share. HC Wainwright also issued estimates for Alto Ingredients' FY2026 earnings at $0.54 EPS and FY2027 earnings at $0.83 EPS.
Several other equities analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Alto Ingredients from a "buy" rating to a "strong-buy" rating in a research note on Monday, March 23rd. Zacks Research cut shares of Alto Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised shares of Alto Ingredients from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $10.00.
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Alto Ingredients Price Performance
Shares of ALTO opened at $4.46 on Monday. The stock has a market capitalization of $344.71 million, a P/E ratio of 12.05 and a beta of 0.14. Alto Ingredients has a twelve month low of $0.80 and a twelve month high of $5.99. The company has a 50 day moving average of $4.50 and a 200-day moving average of $3.09. The company has a quick ratio of 1.60, a current ratio of 2.64 and a debt-to-equity ratio of 0.26.
Alto Ingredients (NASDAQ:ALTO - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.13. Alto Ingredients had a return on equity of 10.04% and a net margin of 3.20%.The business had revenue of $224.68 million for the quarter, compared to analysts' expectations of $215.65 million.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ALTO. Peapod Lane Capital LLC boosted its stake in Alto Ingredients by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 1,244,198 shares of the company's stock valued at $3,583,000 after purchasing an additional 9,074 shares during the period. Marshall Wace LLP bought a new stake in Alto Ingredients in the 4th quarter valued at $3,324,000. Hillsdale Investment Management Inc. boosted its stake in Alto Ingredients by 590.1% in the 1st quarter. Hillsdale Investment Management Inc. now owns 1,000,703 shares of the company's stock valued at $4,843,000 after purchasing an additional 855,703 shares during the period. Goldman Sachs Group Inc. boosted its stake in Alto Ingredients by 169.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 715,180 shares of the company's stock valued at $2,060,000 after purchasing an additional 449,697 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Alto Ingredients by 74.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 659,268 shares of the company's stock valued at $3,190,000 after purchasing an additional 281,833 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.
About Alto Ingredients
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Alto Ingredients, Inc NASDAQ: ALTO is a diversified producer of alcohol-based products and specialty ingredients for industrial, food, beverage and personal care applications. The company’s core offering centers on ethanol produced for fuel markets, as well as an expanding portfolio of natural and organic alcohols, glycerin and other ingredient solutions. Alto’s product lines serve a range of end markets, including renewable fuels, confectionery, flavorings, cosmetics and sanitizers.
Headquartered in Dallas, Texas, Alto Ingredients operates a network of production facilities across the United States.
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