HC Wainwright restated their buy rating on shares of Alto Ingredients (NASDAQ:ALTO – Free Report) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $5.50 price target on the stock. HC Wainwright also issued estimates for Alto Ingredients’ Q3 2024 earnings at $0.02 EPS, Q4 2024 earnings at $0.15 EPS, FY2024 earnings at ($0.04) EPS and FY2025 earnings at $0.34 EPS.
Alto Ingredients Stock Down 2.8 %
NASDAQ ALTO traded down $0.04 on Wednesday, hitting $1.39. 791,071 shares of the stock traded hands, compared to its average volume of 553,181. Alto Ingredients has a twelve month low of $1.28 and a twelve month high of $4.98. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $105.22 million, a P/E ratio of -3.66 and a beta of 1.95. The stock has a 50-day moving average of $1.47 and a 200 day moving average of $1.79.
Alto Ingredients (NASDAQ:ALTO – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.06. Alto Ingredients had a negative net margin of 2.31% and a negative return on equity of 7.18%. The business had revenue of $236.47 million during the quarter, compared to analyst estimates of $236.17 million. During the same period in the previous year, the business posted $0.10 EPS. As a group, analysts expect that Alto Ingredients will post -0.17 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Alto Ingredients
Alto Ingredients Company Profile
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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