Alto Ingredients (NASDAQ:ALTO) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Alto Ingredients (NASDAQ:ALTO) announced its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06, Yahoo Finance reports. Alto Ingredients had a negative return on equity of 7.18% and a negative net margin of 2.31%. The firm had revenue of $236.47 million during the quarter, compared to the consensus estimate of $236.17 million. During the same quarter in the previous year, the company posted $0.10 earnings per share.

Alto Ingredients Trading Down 2.1 %

Shares of ALTO stock traded down $0.03 during trading hours on Friday, reaching $1.43. The company’s stock had a trading volume of 8,130 shares, compared to its average volume of 548,015. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.31. Alto Ingredients has a one year low of $1.28 and a one year high of $4.98. The stock has a market capitalization of $108.25 million, a P/E ratio of -3.76 and a beta of 1.95. The firm’s fifty day simple moving average is $1.47 and its 200 day simple moving average is $1.79.

Analyst Upgrades and Downgrades

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

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.