HC Wainwright Boosts Earnings Estimates for Alto Ingredients

Alto Ingredients, Inc. (NASDAQ:ALTO) – Analysts at HC Wainwright increased their FY2026 earnings estimates for shares of Alto Ingredients in a research report issued on Thursday, November 5th. HC Wainwright analyst A. Dayal now expects that the company will earn $0.48 per share for the year, up from their previous estimate of $0.39. HC Wainwright has a “Buy” rating on the stock. The consensus estimate for Alto Ingredients’ current full-year earnings is $0.48 per share. HC Wainwright also issued estimates for Alto Ingredients’ FY2027 earnings at $0.36 EPS.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Alto Ingredients in a research report on Thursday, October 29th. Benchmark raised Alto Ingredients to a “strong-buy” rating in a research report on Wednesday, September 30th. Finally, Scotiabank set a $10.00 target price on Alto Ingredients in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Alto Ingredients Trading Up 0.5%

NASDAQ:ALTO opened at $3.84 on Monday. The company’s 50 day moving average price is $3.77 and its 200-day moving average price is $4.29. Alto Ingredients has a 52 week low of $1.50 and a 52 week high of $6.11. The company has a quick ratio of 2.17, a current ratio of 3.19 and a debt-to-equity ratio of 0.23. The stock has a market cap of $297.87 million, a price-to-earnings ratio of 6.00 and a beta of 0.13.

Alto Ingredients (NASDAQ:ALTO) last issued its earnings results on Wednesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.07. The business had revenue of $257.89 million during the quarter, compared to analysts’ expectations of $250.97 million. Alto Ingredients had a net margin of 5.29% and a return on equity of 17.53%.

Insider Buying and Selling

In related news, Director Gilbert Nathan bought 10,000 shares of the business’s stock in a transaction on Monday, September 14th. The stock was acquired at an average price of $3.93 per share, with a total value of $39,300.00. Following the transaction, the director owned 866,393 shares in the company, valued at approximately $3,404,924.49. This trade represents a 1.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.28% of the company’s stock.

Hedge Funds Weigh In On Alto Ingredients

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Alto Ingredients in the second quarter worth $31,322,000. Hillsdale Investment Management Inc. increased its position in Alto Ingredients by 590.1% during the first quarter. Hillsdale Investment Management Inc. now owns 1,000,703 shares of the company’s stock valued at $4,843,000 after acquiring an additional 855,703 shares during the last quarter. Bank of America Corp DE increased its position in Alto Ingredients by 1,441.7% during the first quarter. Bank of America Corp DE now owns 550,294 shares of the company’s stock valued at $2,663,000 after acquiring an additional 514,600 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Alto Ingredients by 74.7% during the first quarter. Dimensional Fund Advisors LP now owns 659,268 shares of the company’s stock valued at $3,190,000 after acquiring an additional 281,833 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Alto Ingredients in the second quarter valued at about $4,878,000. 42.44% of the stock is owned by institutional investors.

Alto Ingredients Company Profile

Alto Ingredients, Inc. (NASDAQ:ALTO) is a renewable fuels and specialty ingredients company that produces low-carbon ethanol and other products derived primarily from corn. Its ethanol is used as a transportation fuel and as a blending component in gasoline, while the company’s operations support markets focused on renewable energy and lower-carbon fuel alternatives. In addition to ethanol, Alto Ingredients produces and markets co-products such as dried distillers grains, wet distillers grains and renewable corn oil.