$1.25 EPS Expected for Alamo Group, Inc. (ALG)

October 14, 2017 - By Louis Casey

 $1.25 EPS Expected for Alamo Group, Inc. (ALG)
Investors sentiment increased to 1.58 in Q2 2017. Its up 0.41, from 1.17 in 2017Q1. It is positive, as 13 investors sold Alamo Group, Inc. shares while 39 reduced holdings. 29 funds opened positions while 53 raised stakes. 10.38 million shares or 0.19% less from 10.40 million shares in 2017Q1 were reported.
Chicago Equity Partners Ltd Com holds 8,600 shares. Gotham Asset Mgmt Limited Liability Company stated it has 7,404 shares. Louisiana State Employees Retirement Sys owns 0.02% invested in Alamo Group, Inc. (NYSE:ALG) for 3,900 shares. Spark Invest Mgmt Lc reported 0.05% stake. Metropolitan Life Ins Ny accumulated 6,704 shares or 0% of the stock. Great West Life Assurance Co Can accumulated 13,144 shares or 0% of the stock. Deutsche Bankshares Ag has invested 0% in Alamo Group, Inc. (NYSE:ALG). Aperio Group Inc Ltd Company holds 0% of its portfolio in Alamo Group, Inc. (NYSE:ALG) for 5,946 shares. Martingale Asset Limited Partnership has invested 0.04% in Alamo Group, Inc. (NYSE:ALG). 62,659 are held by Prudential Financial. 8,482 were reported by Qs Investors Ltd Com. Group owns 7,099 shares for 0% of their portfolio. Ameritas Inv Ptnrs accumulated 815 shares. Point72 Asia (Hong Kong) Limited holds 0.01% of its portfolio in Alamo Group, Inc. (NYSE:ALG) for 117 shares. Wells Fargo Mn owns 15,689 shares for 0% of their portfolio.

Since May 9, 2017, it had 0 insider buys, and 8 insider sales for $4.09 million activity. Raborn Richard Hodges sold $30,479 worth of stock or 364 shares. DAVIES GEOFF sold 10,000 shares worth $841,100. GEORGE ROBERT H sold 8,500 shares worth $770,015. ROBINSON RONALD A had sold 25,000 shares worth $2.09M on Tuesday, May 9. $73,814 worth of Alamo Group, Inc. (NYSE:ALG) was sold by Malone Dan Edward on Friday, May 12. WEHRLE RICHARD J also sold $182,179 worth of Alamo Group, Inc. (NYSE:ALG) on Monday, June 12.

Analysts expect Alamo Group, Inc. (NYSE:ALG) to report $1.25 EPS on November, 2.They anticipate $0.11 EPS change or 9.65 % from last quarter’s $1.14 EPS. ALG’s profit would be $14.54 million giving it 21.66 P/E if the $1.25 EPS is correct. After having $1.05 EPS previously, Alamo Group, Inc.’s analysts see 19.05 % EPS growth. The stock increased 0.04% or $0.04 during the last trading session, reaching $108.3. About 47,452 shares traded. Alamo Group, Inc. (NYSE:ALG) has risen 46.10% since October 14, 2016 and is uptrending. It has outperformed by 29.40% the S&P500.

Alamo Group, Inc. (NYSE:ALG) Ratings Coverage

Among 3 analysts covering Alamo Group (NYSE:ALG), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Alamo Group had 5 analyst reports since October 9, 2015 according to SRatingsIntel. Seaport Global Securities downgraded Alamo Group, Inc. (NYSE:ALG) on Friday, November 6 to “Neutral” rating. The rating was maintained by Piper Jaffray on Monday, July 24 with “Buy”. On Friday, September 29 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was downgraded by Bank of America on Friday, October 9 to “Underperform”. Piper Jaffray maintained the stock with “Buy” rating in Friday, August 25 report.

Alamo Group Inc. is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The company has market cap of $1.26 billion. The Firm operates in Industrial, Agricultural and European divisions. It has a 27.79 P/E ratio. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.

More notable recent Alamo Group, Inc. (NYSE:ALG) news were published by: Prnewswire.com which released: “Alamo Group Inc. Completes Acquistion Of Old Dominion Brush Company, Inc.” on June 26, 2017, also Prnewswire.com with their article: “Alamo Group Inc. To Acquire Old Dominion Brush Company, Inc.” published on February 08, 2017, Prnewswire.com published: “Alamo Group Inc. To Acquire Santa Izabel Agro Industria LTDA. In Brazil” on May 02, 2017. More interesting news about Alamo Group, Inc. (NYSE:ALG) were released by: Prnewswire.com and their article: “Alamo Group Inc. Acquires RPM Tech Inc.” published on August 08, 2017 as well as Prnewswire.com‘s news article titled: “Alamo Group Inc. Announces Departure Of Board Member” with publication date: December 16, 2016.

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