Alamo Group (ALG) to Release Quarterly Earnings on Thursday

Alamo Group (NYSE:ALG - Get Free Report) is set to announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $2.60 per share for the quarter.

Alamo Group (NYSE:ALG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.79 by ($0.44). The business had revenue of $416.30 million for the quarter. Alamo Group had a return on equity of 13.51% and a net margin of 7.56%. During the same quarter last year, the firm earned $3.03 EPS. On average, analysts expect Alamo Group to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Alamo Group Stock Up 1.7 %

NYSE ALG traded up $2.81 on Friday, reaching $171.78. The company had a trading volume of 63,849 shares, compared to its average volume of 74,283. The stock has a market capitalization of $2.07 billion, a P/E ratio of 15.28 and a beta of 1.06. The company's fifty day moving average is $177.67 and its 200 day moving average is $183.59. Alamo Group has a 52-week low of $157.74 and a 52-week high of $231.40. The company has a quick ratio of 2.52, a current ratio of 4.37 and a debt-to-equity ratio of 0.28.

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 15th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Tuesday, October 15th. Alamo Group's payout ratio is currently 9.25%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ALG shares. Robert W. Baird lowered their price target on Alamo Group from $223.00 to $217.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. StockNews.com lowered Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Finally, DA Davidson raised their target price on Alamo Group from $209.00 to $219.00 and gave the company a "buy" rating in a research report on Wednesday, August 28th.

Insiders Place Their Bets

In other news, EVP Edward Rizzuti sold 322 shares of Alamo Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $178.29, for a total transaction of $57,409.38. Following the completion of the sale, the executive vice president now owns 7,765 shares in the company, valued at approximately $1,384,421.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Richard Hodges Raborn sold 300 shares of Alamo Group stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total transaction of $54,384.00. Following the completion of the sale, the executive vice president now owns 11,061 shares in the company, valued at approximately $2,005,138.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Edward Rizzuti sold 322 shares of Alamo Group stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $178.29, for a total value of $57,409.38. Following the sale, the executive vice president now owns 7,765 shares of the company's stock, valued at approximately $1,384,421.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

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.