Alamo Group (ALG) Scheduled to Post Earnings on Wednesday

Alamo Group (NYSE:ALG) will be releasing its earnings data after the market closes on Wednesday, July 31st. Analysts expect Alamo Group to post earnings of $2.79 per share for the quarter.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Friday, May 3rd. The industrial products company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.01. The business had revenue of $425.59 million during the quarter. Alamo Group had a net margin of 7.92% and a return on equity of 14.82%. During the same quarter last year, the firm earned $2.79 earnings per share. On average, analysts expect Alamo Group to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Alamo Group Stock Performance

Shares of NYSE ALG opened at $183.27 on Thursday. The company has a market cap of $2.21 billion, a PE ratio of 16.31 and a beta of 1.04. Alamo Group has a 12 month low of $157.74 and a 12 month high of $231.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.29 and a quick ratio of 2.49. The company has a 50-day simple moving average of $180.56 and a 200-day simple moving average of $198.64.

Alamo Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Tuesday, July 16th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.57%. Alamo Group’s dividend payout ratio (DPR) is presently 9.25%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ALG. DA Davidson lowered their price target on shares of Alamo Group from $235.00 to $225.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. StockNews.com downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

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.