Alamo Group (ALG) Receiving Somewhat Favorable Press Coverage, Report Finds
Headlines about Alamo Group (NYSE:ALG) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alamo Group earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.3765127621721 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Alamo Group (NYSE ALG) opened at $111.98 on Friday. The firm has a market capitalization of $1,304.76, a P/E ratio of 26.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.85 and a current ratio of 4.48. Alamo Group has a fifty-two week low of $70.53 and a fifty-two week high of $119.58.
Alamo Group (NYSE:ALG) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.16. The business had revenue of $240.46 million during the quarter, compared to analysts’ expectations of $223.40 million. Alamo Group had a return on equity of 12.11% and a net margin of 5.56%. analysts predict that Alamo Group will post 4.49 earnings per share for the current year.
In related news, VP Geoff Davies sold 4,000 shares of Alamo Group stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $98.16, for a total transaction of $392,640.00. Following the completion of the sale, the vice president now directly owns 3,800 shares of the company’s stock, valued at approximately $373,008. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Richard Hodges Raborn sold 2,000 shares of Alamo Group stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $111.53, for a total value of $223,060.00. Following the sale, the executive vice president now directly owns 4,500 shares of the company’s stock, valued at $501,885. The disclosure for this sale can be found here. Company insiders own 3.99% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.watchlistnews.com/alamo-group-alg-receiving-somewhat-favorable-press-coverage-report-finds/1769151.html.
About Alamo Group
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
Receive News & Ratings for Alamo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamo Group and related companies with MarketBeat.com's FREE daily email newsletter.