Alamo Group (NYSE:ALG) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS
Alamo Group (NYSE:ALG) issued its quarterly earnings results on Wednesday. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.13, MarketWatch Earnings reports. Alamo Group had a return on equity of 10.90% and a net margin of 4.80%. The firm had revenue of $268.64 million during the quarter.
Shares of NYSE:ALG opened at $103.11 on Friday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.15 and a current ratio of 4.28. The stock’s 50-day simple moving average is $100.48 and its two-hundred day simple moving average is $104.35. Alamo Group has a 52-week low of $70.99 and a 52-week high of $132.96.
Several equities analysts have recently weighed in on ALG shares. TheStreet downgraded Alamo Group from a “b-” rating to a “c+” rating in a report on Wednesday, April 15th. Dougherty & Co upgraded Alamo Group from a “neutral” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Friday, May 1st. Sidoti lifted their price objective on Alamo Group from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Zacks Investment Research downgraded Alamo Group from a “buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, ValuEngine downgraded Alamo Group from a “hold” rating to a “sell” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $119.33.
About Alamo Group
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-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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