, Will stock surge before Earnings results? Alamo Group (NYSE:ALG)

Earnings results for Alamo Group (NYSE:ALG)

Alamo Group, Inc. is expected* to report earnings on 05/05/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.32. The reported EPS for the same quarter last year was $1.29.

Alamo Group last issued its quarterly earnings results on February 25th, 2021. The industrial products company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by $0.17. The company had revenue of $288.62 million for the quarter. Alamo Group has generated $5.92 earnings per share over the last year and currently has a price-to-earnings ratio of 32.3. Alamo Group has confirmed that its next quarterly earnings report will be published on Wednesday, May 5th, 2021. Alamo Group will be holding an earnings conference call on Wednesday, May 5th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Alamo Group (NYSE:ALG)

1 Wall Street analysts have issued ratings and price targets for Alamo Group in the last 12 months. Their average twelve-month price target is $145.00, predicting that the stock has a possible downside of 8.63%. The high price target for ALG is $145.00 and the low price target for ALG is $145.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Alamo Group has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $145.00, Alamo Group has a forecasted downside of 8.6% from its current price of $158.69. Alamo Group has received no research coverage in the past 90 days.

Dividend Strength: Alamo Group (NYSE:ALG)

Alamo Group has a dividend yield of 0.36%, which is in the bottom 25% of all stocks that pay dividends. Alamo Group has only been increasing its dividend for 1 years. The dividend payout ratio of Alamo Group is 9.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Alamo Group will have a dividend payout ratio of 7.70% next year. This indicates that Alamo Group will be able to sustain or increase its dividend.

Insiders buying/selling: Alamo Group (NYSE:ALG)

In the past three months, Alamo Group insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $39,522.00 in company stock. Only 3.07% of the stock of Alamo Group is held by insiders. 91.15% of the stock of Alamo Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Alamo Group (NYSE:ALG

Earnings for Alamo Group are expected to grow by 31.23% in the coming year, from $5.54 to $7.27 per share. The P/E ratio of Alamo Group is 32.32, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.16. The P/E ratio of Alamo Group is 32.32, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 50.10. Alamo Group has a PEG Ratio of 2.04. PEG Ratios above 1 indicate that a company could be overvalued. Alamo Group has a P/B Ratio of 3.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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