$47.93 Million in Sales Expected for Alerus Finl Cp (NYSE:ALRS) This Quarter

Brokerages expect Alerus Finl Cp (NYSE:ALRS) to report $47.93 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Alerus Finl Cp’s earnings, with estimates ranging from $46.56 million to $49.30 million. Alerus Finl Cp posted sales of $48.28 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.7%. The business is expected to announce its next earnings results on Thursday, July 23rd.

According to Zacks, analysts expect that Alerus Finl Cp will report full year sales of $191.18 million for the current fiscal year, with estimates ranging from $189.30 million to $193.06 million. For the next year, analysts forecast that the firm will report sales of $186.11 million, with estimates ranging from $184.61 million to $187.60 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Alerus Finl Cp.

Alerus Finl Cp (NYSE:ALRS) last announced its earnings results on Tuesday, April 28th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $46.03 million during the quarter, compared to the consensus estimate of $44.67 million.

Shares of Alerus Finl Cp stock traded down $1.06 during midday trading on Friday, reaching $18.89. 1,275,394 shares of the company’s stock traded hands, compared to its average volume of 41,479. The stock has a 50 day moving average of $18.85 and a 200-day moving average of $19.52. Alerus Finl Cp has a 12 month low of $15.05 and a 12 month high of $24.00.

Alerus Finl Cp Company Profile

Alerus Financial Corporation, through its subsidiaries, provides various financial services for individuals, families, and businesses. It offers checking and savings accounts, certificates of deposit, personal loans, lines of credit, debit and credit cards, deposit and payment solutions, and mobile wallet, as well as online banking and bill pay, mobile banking, and private banking services.

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