DA Davidson Raises Alamo Group FY2024 EPS Estimates
November 11, 2023
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Alamo Group ($NYSE:ALG) Inc. (NYSE: ALG) is a leading manufacturer and distributor of high-quality equipment for infrastructure maintenance, agriculture, and other applications. The company’s products include agricultural implements, mowing and vegetation maintenance equipment, snow removal equipment, and other infrastructure maintenance equipment. Recently, DA Davidson has increased its estimates for Alamo Group Inc.’s earnings per share in FY2024. The increased estimates are largely attributable to the company’s strong performance in the past and its expected growth in the next few years. Alamo Group Inc. has seen a substantial increase in revenue over the past two years, driven by strong demand for its products and services. Its products are in high demand due to their reliable and efficient performance.
The company is also making significant investments in research and development to bring new and improved products to the market. This will further help the company strengthen its global footprint and ensure long-term growth. With its solid financials and experienced leadership team, Alamo Group Inc. is poised to continue its impressive growth trajectory for the foreseeable future. DA Davidson’s increased estimates for the company’s earnings per share in FY2024 is a testament to its sound financials and bright future.
Earnings
The report showed that ALAMO GROUP earned a total revenue of 338.31M USD and a net income of 17.52M USD for the quarter ending September 30 2021. Compared to the same quarter in the previous year, there was 8.3% decrease in total revenue and a 32.1% decrease in net income. Despite these decreases, ALAMO GROUP’s total revenue has grown from 338.31M USD to 419.64M USD over the past three years.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alamo Group. More…
| Total Revenues | Net Income | Net Margin |
| 1.66k | 133.8 | 8.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alamo Group. More…
| Operations | Investing | Financing |
| 112.74 | -30.72 | -48.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alamo Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.46k | 567.78 | 73.91 |
Key Ratios Snapshot
Some of the financial key ratios for Alamo Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.2% | 27.0% | 11.9% |
| FCF Margin | ROE | ROA |
| 4.7% | 14.1% | 8.5% |
Stock Price
On Friday, ALAMO GROUP (NYSE: ALG) stock opened at $176.8 and closed at $180.2, up 1.8% from the previous closing price of 177.0. This increase in the stock price came after DA Davidson raised their estimates for ALAMO GROUP’s FY2024 EPS. This is not the first time the company has seen an increase in its stock value. Over the past year, ALAMO GROUP has consistently seen a steady increase in its share price, showing that investors are confident in the company’s future performance.
This increase in stock price shows that investors are optimistic about ALAMO GROUP’s potential to generate strong returns in the coming years. As the company continues to invest in new technologies and products, investors will look forward to seeing that investment result in strong financial performance and sustained growth. Live Quote…
Analysis
At GoodWhale, we took a look at ALAMO GROUP‘s fundamentals and concluded that the company is classified as a ‘gorilla’, meaning it has achieved stable and high revenue or earning growth due to its strong competitive advantage. This type of company is likely to be attractive to investors looking for a long-term, steady growth potential and a possible high dividend yield. ALAMO GROUP’s financial health score is 8/10, which is excellent. This means that the company is able to pay off debt and fund future operations. Additionally, ALAMO GROUP has strong assets, showing that they have the financial foundation to expand into different markets. Furthermore, its dividend yield and growth potential are attractive for passive investors looking for a reliable income stream. Finally, ALAMO GROUP has a high profitability score, showing that it is able to produce consistent returns for its shareholders. In conclusion, ALAMO GROUP’s fundamentals indicate that it is an attractive investment option for investors who are looking for a strong competitive advantage, steady and high revenue or earning growth, and a reliable income stream. More…
Peers
Its main competitors are Teikoku Sen-I Co Ltd, Weihai Guangtai Airport Equipment Co Ltd, and Action Construction Equipment Ltd.
– Teikoku Sen-I Co Ltd ($TSE:3302)
Teikoku Sen-I Co Ltd is a Japanese company that specializes in the production of electric motors and generators. The company has a market cap of 41.61B as of 2022 and a return on equity of 6.72%. The company’s products are used in a variety of applications, including automotive, industrial, and consumer electronics.
– Weihai Guangtai Airport Equipment Co Ltd ($SZSE:002111)
Weihai Guangtai Airport Equipment Co Ltd is an airport equipment manufacturer based in Weihai, China. The company has a market cap of 5.25B as of 2022 and a Return on Equity of -3.02%. Weihai Guangtai Airport Equipment Co Ltd manufactures and sells airport ground support equipment, including baggage tugs, belt loaders, and other equipment. The company also provides maintenance and repair services for its products.
– Action Construction Equipment Ltd ($BSE:532762)
Action Construction Equipment Ltd is an Indian company that manufactures and sells construction equipment. The company has a market cap of $35.55 billion as of 2022 and a return on equity of 15.17%. Action Construction Equipment Ltd is a leading manufacturer of construction equipment in India with a market share of over 60%. The company’s products include excavators, backhoe loaders, motor graders, and wheel loaders.
Summary
Alamo Group Inc., a manufacturer of outdoor maintenance equipment, has seen its FY2024 earnings per share (EPS) estimates lifted by investment bank DA Davidson. Analysts predict the company’s earnings will grow as sales of its products increase. Strong product demand is expected to boost sales throughout FY2024, leading to higher profits. Other factors driving growth include the company’s acquisition strategy, which has allowed Alamo Group to expand its product offerings and expose itself to larger markets.
Furthermore, Alamo Group’s management team has identified cost-saving opportunities that are anticipated to increase cash flow and profit margins. Overall, the company’s strong fundamentals and strategic initiatives point to a favorable outlook for Alamo Group Inc. in the coming fiscal year.
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