Alto Ingredients (ALTO) to Release Earnings on Wednesday

Alto Ingredients (NASDAQ:ALTO) will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Alto Ingredients to post earnings of $0.02 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Alto Ingredients (NASDAQ:ALTO) last issued its earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. Alto Ingredients had a negative return on equity of 11.26% and a negative net margin of 3.49%. The company had revenue of $236.47 million for the quarter, compared to the consensus estimate of $236.17 million. During the same quarter last year, the company earned $0.10 EPS. On average, analysts expect Alto Ingredients to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Alto Ingredients Stock Performance

Shares of ALTO stock traded down $0.03 during mid-day trading on Tuesday, hitting $1.91. The stock had a trading volume of 492,644 shares, compared to its average volume of 532,863. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.09 and a quick ratio of 2.09. Alto Ingredients has a 12-month low of $1.28 and a 12-month high of $4.98. The firm’s 50-day moving average is $1.61 and its two-hundred day moving average is $1.58.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and set a $5.50 price target on shares of Alto Ingredients in a report on Wednesday, August 7th.

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.