Alamo Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Alamo Group Inc ALG.N reported quarterly adjusted earnings of $2.64​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.67. The mean expectation of four analysts for the quarter was for earnings of $2.27 per share. Wall Street expected results to range from $2.09 to $2.70 per share.

• Revenue fell 8.1% to $390.95 million from a year ago; analysts expected $391.07 million.

• Alamo Group Inc's reported EPS for the quarter was $2.64​.

• The company reported quarterly net income of $31.8 million.

• Alamo Group Inc shares had fallen by 3.4% this quarter and lost 7.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"

• Wall Street's median 12-month price target for Alamo Group Inc is $210.00

This summary was machine generated from LSEG data May 9 at 02:18 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)