Equities Analysts Issue Forecasts for Alto Ingredients, Inc.’s Q4 2024 Earnings (NASDAQ:ALTO)

Alto Ingredients, Inc. (NASDAQ:ALTO) – Equities research analysts at HC Wainwright increased their Q4 2024 earnings estimates for shares of Alto Ingredients in a report released on Tuesday, May 7th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings of $0.10 per share for the quarter, up from their prior estimate of $0.06. HC Wainwright currently has a “Buy” rating and a $5.50 target price on the stock. The consensus estimate for Alto Ingredients’ current full-year earnings is ($0.26) per share. HC Wainwright also issued estimates for Alto Ingredients’ FY2025 earnings at $0.22 EPS.

Alto Ingredients Price Performance

ALTO stock opened at $1.72 on Wednesday. Alto Ingredients has a one year low of $1.53 and a one year high of $4.98. The company’s fifty day moving average price is $2.04 and its 200-day moving average price is $2.37. 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 company has a market capitalization of $130.20 million, a PE ratio of -4.41 and a beta of 1.92.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. Alto Ingredients had a negative net margin of 2.29% and a negative return on equity of 7.32%. The company had revenue of $240.63 million for the quarter, compared to the consensus estimate of $199.56 million. During the same quarter last year, the firm posted ($0.17) earnings per share.

Institutional Investors Weigh In On Alto Ingredients

Several large investors have recently bought and sold shares of ALTO. PEAK6 Investments LLC bought a new position in shares of Alto Ingredients in the third quarter worth about $65,000. Tower Research Capital LLC TRC increased its holdings in shares of Alto Ingredients by 959.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 23,955 shares of the company’s stock valued at $64,000 after acquiring an additional 21,693 shares in the last quarter. Brendel Financial Advisors LLC acquired a new position in shares of Alto Ingredients during the fourth quarter valued at about $71,000. SG Americas Securities LLC acquired a new position in Alto Ingredients in the 1st quarter worth approximately $62,000. Finally, Kennedy Capital Management LLC acquired a new stake in shares of Alto Ingredients during the 3rd quarter worth approximately $147,000. Institutional investors own 42.44% of the company’s stock.

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.