Alto Ingredients (NASDAQ:ALTO) Posts Earnings Results

Alto Ingredients (NASDAQ:ALTO) posted its quarterly earnings data on Monday. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.01, Zacks reports. The business had revenue of $240.63 million for the quarter, compared to analysts’ expectations of $199.56 million. Alto Ingredients had a negative return on equity of 7.32% and a negative net margin of 2.29%. During the same quarter last year, the firm earned ($0.17) earnings per share.

Alto Ingredients Stock Performance

Shares of ALTO stock opened at $1.72 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.78 and a current ratio of 2.59. The firm has a market capitalization of $130.20 million, a price-to-earnings ratio of -4.41 and a beta of 1.92. The company has a 50 day moving average price of $2.03 and a 200 day moving average price of $2.36. Alto Ingredients has a one year low of $1.53 and a one year high of $4.98.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and set a $5.50 target price on shares of Alto Ingredients in a research report on Tuesday.

Alto Ingredients Company Profile

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.