Wall Street analysts expect Alamo Group Inc. (NYSE:ALG) to report $1.27 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Alamo Group’s earnings. Alamo Group reported earnings of $1.31 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 25th.
On average, analysts expect that Alamo Group will report full year earnings of $5.54 per share for the current financial year. For the next financial year, analysts anticipate that the company will post earnings of $7.27 per share. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Alamo Group.
Separately, Zacks Investment Research lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Monday, January 4th.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in Alamo Group by 38.7% in the 4th quarter. JPMorgan Chase & Co. now owns 47,925 shares of the industrial products company’s stock valued at $6,611,000 after buying an additional 13,360 shares during the last quarter. Morgan Stanley boosted its holdings in Alamo Group by 24.3% in the 4th quarter. Morgan Stanley now owns 37,257 shares of the industrial products company’s stock valued at $5,139,000 after purchasing an additional 7,289 shares during the period. Captrust Financial Advisors boosted its holdings in Alamo Group by 7.1% in the 4th quarter. Captrust Financial Advisors now owns 1,360 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 90 shares during the period. Guggenheim Capital LLC bought a new stake in Alamo Group in the 4th quarter valued at about $379,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Alamo Group by 21.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 437,351 shares of the industrial products company’s stock worth $60,333,000 after acquiring an additional 76,815 shares during the period. Institutional investors and hedge funds own 91.15% of the company’s stock.
Shares of Alamo Group stock opened at $159.21 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.60 and a quick ratio of 2.05. The firm has a market cap of $1.89 billion, a P/E ratio of 32.43, a P/E/G ratio of 2.04 and a beta of 0.96. The firm has a 50 day simple moving average of $148.48 and a 200 day simple moving average of $128.79. Alamo Group has a fifty-two week low of $70.99 and a fifty-two week high of $161.79.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 29th. Shareholders of record on Tuesday, January 19th were paid a $0.14 dividend. This is a positive change from Alamo Group’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 0.35%. The ex-dividend date was Friday, January 15th. Alamo Group’s payout ratio is presently 9.46%.
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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