Alto Ingredients (ALTO) Set to Announce Earnings on Monday

Alto Ingredients (NASDAQ:ALTOGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Alto Ingredients (NASDAQ:ALTOGet Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.13). Alto Ingredients had a return on equity of 11.32% and a net margin of 2.99%. The company had revenue of $308.12 million for the quarter, compared to analyst estimates of $346.56 million. During the same period in the prior year, the business earned $0.07 earnings per share.

Alto Ingredients Trading Up 8.3 %

Alto Ingredients stock opened at $4.71 on Friday. The company has a market cap of $347.25 million, a P/E ratio of 9.29 and a beta of 2.56. The firm’s 50-day moving average is $4.24 and its 200-day moving average is $5.18. Alto Ingredients has a 1 year low of $3.51 and a 1 year high of $7.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.28 and a current ratio of 3.01.

Insider Buying and Selling

In other Alto Ingredients news, CEO Michael D. Kandris bought 12,415 shares of Alto Ingredients stock in a transaction on Friday, May 20th. The stock was purchased at an average cost of $4.06 per share, for a total transaction of $50,404.90. Following the completion of the purchase, the chief executive officer now directly owns 548,784 shares of the company’s stock, valued at $2,228,063.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Michael D. Kandris bought 12,415 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were acquired at an average price of $4.06 per share, with a total value of $50,404.90. Following the completion of the transaction, the chief executive officer now owns 548,784 shares of the company’s stock, valued at approximately $2,228,063.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gilbert E. Nathan purchased 20,000 shares of the stock in a transaction on Friday, May 20th. The stock was acquired at an average cost of $4.04 per share, for a total transaction of $80,800.00. Following the acquisition, the director now directly owns 483,800 shares in the company, valued at $1,954,552. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 44,830 shares of company stock worth $181,610. 2.64% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of Alto Ingredients by 33.0% in the 1st quarter. Bank of America Corp DE now owns 474,335 shares of the company’s stock valued at $3,236,000 after buying an additional 117,607 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Alto Ingredients in the first quarter worth $1,140,000. Swiss National Bank grew its position in Alto Ingredients by 8.0% in the first quarter. Swiss National Bank now owns 163,500 shares of the company’s stock valued at $1,115,000 after acquiring an additional 12,100 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Alto Ingredients by 213.9% in the first quarter. Goldman Sachs Group Inc. now owns 122,593 shares of the company’s stock valued at $836,000 after acquiring an additional 83,532 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Alto Ingredients by 11.6% during the first quarter. Citigroup Inc. now owns 119,395 shares of the company’s stock valued at $814,000 after purchasing an additional 12,404 shares in the last quarter. 57.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, TheStreet cut shares of Alto Ingredients from a “b-” rating to a “c” rating in a research note on Tuesday, May 10th.

About Alto Ingredients

(Get Rating)

Alto Ingredients, Inc produces and markets specialty alcohols and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Production, and Other Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages, flavor extracts, and vinegar, as well as corn germ used in corn oils and carbon dioxide for food and beverage markets; and essential ingredients include dried yeast, corn gluten meal, corn gluten feed, distillers grains, and liquid feed for commercial animal feed and pet food applications.

See Also

Earnings History for Alto Ingredients (NASDAQ:ALTO)

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