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

Alamo Group (NYSE:ALG) is scheduled to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $2.66 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $2.63 earnings per share 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 Stock Down 0.4 %

ALG stock traded down $0.85 during midday trading on Tuesday, reaching $198.65. 66,080 shares of the company were exchanged, compared to its average volume of 70,024. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.76. Alamo Group has a 1-year low of $157.74 and a 1-year high of $231.40. The stock’s 50-day simple moving average is $209.75 and its 200 day simple moving average is $199.95. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 17.56 and a beta of 1.04.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, April 15th. This represents a $1.04 dividend on an annualized basis and a yield of 0.52%. Alamo Group’s payout ratio is currently 9.15%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ALG shares. StockNews.com raised shares of Alamo Group from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. DA Davidson raised their target price on shares of Alamo Group from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th.

Insider Transactions at Alamo Group

In related news, EVP Michael A. Haberman sold 418 shares of Alamo Group stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total value of $93,577.66. Following the transaction, the executive vice president now directly owns 19,206 shares in the company, valued at approximately $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.