Alto Ingredients (ALTO) Scheduled to Post Quarterly Earnings on Wednesday

Alto Ingredients (NASDAQ:ALTO) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Alto Ingredients to post earnings of $0.02 per share for the quarter.

Alto Ingredients (NASDAQ:ALTO) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The firm had revenue of $236.47 million during the quarter, compared to analysts’ expectations of $236.17 million. Alto Ingredients had a negative net margin of 3.49% and a negative return on equity of 11.26%. During the same period last year, the company earned $0.10 earnings per share. On average, analysts expect Alto Ingredients to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Alto Ingredients Stock Up 2.8 %

Shares of NASDAQ ALTO opened at $1.77 on Thursday. The stock has a market capitalization of $135.24 million, a P/E ratio of -3.25 and a beta of 1.98. The company has a 50-day moving average price of $1.58 and a 200-day moving average price of $1.58. Alto Ingredients has a 1 year low of $1.28 and a 1 year high of $4.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.09 and a quick ratio of 2.09.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and set a $5.50 price objective on shares of Alto Ingredients in a report on Wednesday, August 7th.

About Alto Ingredients

Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western 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 and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.