Alamo Group (ALG) Releases Earnings Results

Alamo Group (NYSE:ALG) issued its earnings results on Wednesday, May 1st. The industrial products company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.08), Fidelity Earnings reports. Alamo Group had a return on equity of 13.97% and a net margin of 7.18%. The firm had revenue of $261.93 million during the quarter.

Shares of ALG stock opened at $94.17 on Friday. The company has a current ratio of 4.63, a quick ratio of 2.79 and a debt-to-equity ratio of 0.35. Alamo Group has a fifty-two week low of $72.50 and a fifty-two week high of $106.19. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 16.49 and a beta of 0.86.

The company also recently announced a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, April 15th.

In other Alamo Group news, CEO Ronald A. Robinson sold 9,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $97.55, for a total value of $877,950.00. Following the transaction, the chief executive officer now directly owns 245,229 shares of the company’s stock, valued at approximately $23,922,088.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ronald A. Robinson sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $104.01, for a total value of $832,080.00. Following the completion of the transaction, the chief executive officer now directly owns 248,260 shares in the company, valued at $25,821,522.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,900 shares of company stock worth $3,392,657. Insiders own 3.29% of the company’s stock.

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About Alamo Group

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.

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Earnings History for Alamo Group (NYSE:ALG)

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