Equities analysts expect Alamo Group Inc. (NYSE:ALG) to report $1.98 earnings per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Alamo Group’s earnings. Alamo Group posted earnings of $1.67 per share during the same quarter last year, which suggests a positive year over year growth rate of 18.6%. The company is scheduled to report its next earnings report on Wednesday, October 27th.
On average, analysts expect that Alamo Group will report full year earnings of $7.35 per share for the current year, with EPS estimates ranging from $7.28 to $7.41. For the next fiscal year, analysts anticipate that the company will post earnings of $8.61 per share, with EPS estimates ranging from $8.48 to $8.74. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Alamo Group.
Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Wednesday, August 4th. The industrial products company reported $1.97 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.41. The business had revenue of $347.55 million for the quarter. Alamo Group had a return on equity of 11.59% and a net margin of 5.78%.
A number of brokerages recently commented on ALG. DA Davidson began coverage on Alamo Group in a report on Thursday, October 14th. They set a “neutral” rating and a $150.00 price target on the stock. Zacks Investment Research lowered Alamo Group from a “buy” rating to a “hold” rating in a research note on Monday, July 12th. Finally, Colliers Securities restated a “buy” rating on shares of Alamo Group in a research note on Thursday, July 1st.
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In related news, EVP Dan Edward Malone sold 1,550 shares of the business’s stock in a transaction on Tuesday, August 10th. The stock was sold at an average…
