Alto Ingredients (NASDAQ:ALTO - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Alto Ingredients to post earnings of $0.02 per share for the quarter.
Alto Ingredients (NASDAQ:ALTO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.06. The business had revenue of $236.47 million during the quarter, compared to the consensus estimate of $236.17 million. Alto Ingredients had a negative net margin of 3.49% and a negative return on equity of 11.26%. During the same period in the prior year, the firm earned $0.10 EPS. On average, analysts expect Alto Ingredients to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Alto Ingredients Stock Performance
Shares of NASDAQ ALTO traded up $0.06 during trading hours on Thursday, hitting $1.78. 441,158 shares of the stock were exchanged, compared to its average volume of 525,176. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.09 and a quick ratio of 2.09. The company's 50 day moving average is $1.58 and its 200 day moving average is $1.58. The firm has a market capitalization of $136.15 million, a P/E ratio of -3.34 and a beta of 1.98. Alto Ingredients has a one year low of $1.28 and a one year high of $4.98.
Analyst Ratings Changes
Separately, HC Wainwright reaffirmed a "buy" rating and set a $5.50 price objective on shares of Alto Ingredients in a report on Wednesday, August 7th.
Read Our Latest Analysis on ALTO
About Alto Ingredients
(
Get Free Report)
Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.
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