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

October 7, 2017 - By Clifton Ray

 Analysts See $1.25 EPS for Alamo Group, Inc. (ALG)
Investors sentiment increased to 1.58 in 2017 Q2. Its up 0.41, from 1.17 in 2017Q1. It increased, 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.
Comerica National Bank & Trust accumulated 0.01% or 9,931 shares. Zacks invested in 0.07% or 29,981 shares. Invesco Limited stated it has 107,967 shares or 0% of all its holdings. Moreover, Royal Natl Bank Of Canada has 0% invested in Alamo Group, Inc. (NYSE:ALG) for 14,206 shares. Axa invested in 0% or 5,600 shares. Smith Asset Mgmt Grp Lp holds 35,230 shares. Parametric Portfolio Assocs Ltd Limited Liability Company owns 17,077 shares. Morgan Stanley stated it has 0% in Alamo Group, Inc. (NYSE:ALG). Gotham Asset Mngmt Ltd Liability has invested 0.01% in Alamo Group, Inc. (NYSE:ALG). Ny State Teachers Retirement System holds 7,312 shares. California State Teachers Retirement System holds 0% or 16,785 shares. Hutchin Hill Capital Ltd Partnership invested in 0.03% or 8,800 shares. Wells Fargo And Mn invested in 0% or 15,689 shares. 1,865 are held by State Of Alaska Department Of Revenue. Panagora Asset Mngmt has invested 0.03% of its portfolio in Alamo Group, Inc. (NYSE:ALG).

Since May 9, 2017, it had 0 buys, and 8 insider sales for $4.09 million activity. 184 shares valued at $16,729 were sold by Rizzuti Edward on Friday, June 9. $841,100 worth of Alamo Group, Inc. (NYSE:ALG) was sold by DAVIES GEOFF. 2,000 shares were sold by WEHRLE RICHARD J, worth $182,179 on Monday, June 12. 25,000 shares valued at $2.09 million were sold by ROBINSON RONALD A on Tuesday, May 9. 364 Alamo Group, Inc. (NYSE:ALG) shares with value of $30,479 were sold by Raborn Richard Hodges. On Friday, May 12 the insider Malone Dan Edward sold $73,814.

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 $14.63 million giving it 21.70 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 0.49% or $0.53 on October 6, reaching $108.49. About 38,954 shares traded. Alamo Group, Inc. (NYSE:ALG) has risen 46.10% since October 8, 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. The firm has “Buy” rating by Piper Jaffray given on Monday, July 24. The company was downgraded on Friday, October 9 by Bank of America. The rating was maintained by Piper Jaffray with “Buy” on Friday, August 25. Seaport Global Securities downgraded the shares of ALG in report on Friday, November 6 to “Neutral” rating. Piper Jaffray maintained Alamo Group, Inc. (NYSE:ALG) rating on Friday, September 29. Piper Jaffray has “Buy” rating and $104.0 target.

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 $1.27 billion. The Firm operates in Industrial, Agricultural and European divisions. It has a 27.84 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. Acquires RPM Tech Inc.” published on August 08, 2017, Prnewswire.com published: “Alamo Group Inc. Announces First Quarter 2017 Earnings Conference Call” on April 26, 2017. More interesting news about Alamo Group, Inc. (NYSE:ALG) were released by: Prnewswire.com and their article: “Alamo Group Inc. To Acquire Santa Izabel Agro Industria LTDA. In Brazil” published on May 02, 2017 as well as Prnewswire.com‘s news article titled: “Alamo Group Inc. To Acquire Old Dominion Brush Company, Inc.” with publication date: February 08, 2017.

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