Alamo Group (NYSE:ALG) Issues Earnings Results

Alamo Group (NYSE:ALG) posted its earnings results on Wednesday. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.44), Zacks reports. The firm had revenue of $416.30 million for the quarter. Alamo Group had a net margin of 7.92% and a return on equity of 14.82%. During the same period last year, the firm earned $3.03 earnings per share.

Alamo Group Stock Down 3.9 %

Shares of ALG stock traded down $7.43 on Thursday, reaching $185.29. 160,355 shares of the company’s stock traded hands, compared to its average volume of 74,401. The company has a market capitalization of $2.23 billion, a P/E ratio of 16.26 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 quick ratio of 2.49 and a current ratio of 4.29. The business’s 50 day moving average price is $180.36 and its two-hundred day moving average price is $198.36.

Alamo Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 29th. Stockholders of record on Tuesday, July 16th were issued a $0.26 dividend. The ex-dividend date was Tuesday, July 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.56%. Alamo Group’s payout ratio is currently 9.25%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ALG shares. StockNews.com cut Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. DA Davidson decreased their target price on Alamo Group from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th.

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.