Alamo Group (NYSE:ALG) Announces Earnings Results, Beats Estimates By $0.01 EPS

Alamo Group (NYSE:ALG) posted its quarterly earnings data on Friday. The industrial products company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.01, Zacks reports. The company had revenue of $425.59 million for the quarter. Alamo Group had a return on equity of 14.82% and a net margin of 7.92%. During the same quarter in the prior year, the firm earned $2.79 earnings per share.

Alamo Group Price Performance

ALG traded down $0.62 during midday trading on Monday, reaching $193.35. 29,493 shares of the company’s stock were exchanged, compared to its average volume of 71,864. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 17.26 and a beta of 1.07. The company has a quick ratio of 2.49, a current ratio of 4.29 and a debt-to-equity ratio of 0.32. Alamo Group has a one year low of $157.74 and a one year high of $231.40. The business has a 50-day simple moving average of $208.34 and a two-hundred day simple moving average of $200.61.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, April 15th. Alamo Group’s dividend payout ratio is 9.25%.

Insider Activity

In other Alamo Group news, EVP Michael A. Haberman sold 418 shares of Alamo Group stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total transaction of $93,577.66. Following the completion of the sale, the executive vice president now owns 19,206 shares of the company’s stock, valued at approximately $4,299,647.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ALG. StockNews.com upgraded Alamo Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. DA Davidson increased their price objective on shares of Alamo Group from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th.

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.