Alamo Group, Inc. (NYSE:ALG) manufacturer of agricultural and infrastructure equipments, is expected to report second quarter earnings results, after market close, on Wednesday 29th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.81 per share.
Looking ahead, the full year income are expected at $ 4.42 per share on the revenues of $ 1172.53 million.
Previous Quarter Performance
Alamo Group, Inc. came out with income for the first quarter of $ 1.29 per share, from the revenue of $ 314.45 million. The quarterly earnings contracted 0.77 percent while revenues increased 20.05 percent compared with the same quarter last year.
Street analysts expected Alamo Group, Inc. to report income of $ 1.21 per share on revenue of $ 318.02 million for the first quarter. The bottom line results beat street analysts by $ 0.08 or 6.61 percent, at the same time, top line results fell short of analysts by $ 3.57 million or 1.12 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Alamo Group, Inc.
Stock Performance
According to the previous trading day, closing price of ALG was $ 101.75, representing a 43.33 % increase from the 52 week low of $ 70.99 and a 23.47 % decrease over the 52 week high of $ 132.96.
The company has a market capital of $ 1.21 billion and is part of the Industrial Goods sector and Farm & Construction Machinery industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”ALG” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
- On 17th June 2020, maintained by Sidoti at Buy rating, with $ 130.00 target price.
Alamo Group Inc. designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-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.
