Alamo Group (NYSE:ALG - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Alamo Group to post earnings of $2.66 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.
Alamo Group (NYSE:ALG - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $2.63 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 company 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 0.6 %
Shares of Alamo Group stock traded down $1.11 during trading on Friday, reaching $198.52. 51,044 shares of the company were exchanged, compared to its average volume of 70,051. The company has a quick ratio of 1.99, a current ratio of 3.76 and a debt-to-equity ratio of 0.24. Alamo Group has a twelve month low of $157.74 and a twelve month high of $231.40. The business has a 50-day moving average price of $210.10 and a 200-day moving average price of $199.45. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 17.48 and a beta of 1.04.
Alamo Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.52%. Alamo Group's dividend payout ratio (DPR) is presently 9.15%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. StockNews.com raised Alamo Group from a "hold" rating to a "buy" rating in a research note on Wednesday. DA Davidson lifted their target price on Alamo Group from $230.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, February 27th.
Get Our Latest Research Report on Alamo Group
Insiders Place Their Bets
In other news, EVP Michael A. Haberman sold 418 shares of the business's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $223.87, for a total value of $93,577.66. Following the sale, the executive vice president now directly owns 19,206 shares in the company, valued at $4,299,647.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company's stock.
About Alamo Group
(
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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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