Alamo Group (ALG) Expected to Announce Earnings on Thursday

Alamo Group (NYSE:ALG) is anticipated to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Alamo Group to post earnings of $2.23 per share and revenue of $396.85 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Alamo Group Price Performance

ALG opened at $186.02 on Tuesday. The company’s 50 day simple moving average is $184.96 and its 200 day simple moving average is $183.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. Alamo Group has a 1 year low of $163.74 and a 1 year high of $228.88. The stock has a market capitalization of $2.24 billion, a PE ratio of 18.73 and a beta of 1.10.

Alamo Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Thursday, January 16th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.65%. This is a positive change from Alamo Group’s previous quarterly dividend of $0.26. Alamo Group’s dividend payout ratio (DPR) is currently 12.08%.

Insider Activity at Alamo Group

In related news, VP Janet S. Pollock sold 257 shares of Alamo Group stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $193.41, for a total transaction of $49,706.37. Following the sale, the vice president now directly owns 3,360 shares in the company, valued at $649,857.60. The trade was a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALG. StockNews.com downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Robert W. Baird boosted their price target on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, November 4th.

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.