Alto Ingredients (NASDAQ:ALTO) Releases Earnings Results, Misses Expectations By $0.06 EPS

Alto Ingredients (NASDAQ:ALTO) announced its quarterly earnings data on Wednesday. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06), Zacks reports. Alto Ingredients had a negative net margin of 3.49% and a negative return on equity of 11.26%. The firm had revenue of $251.81 million during the quarter, compared to analyst estimates of $274.94 million. During the same quarter last year, the company earned ($0.05) EPS.

Alto Ingredients Price Performance

Alto Ingredients stock traded up $0.11 during mid-day trading on Friday, hitting $1.32. The company’s stock had a trading volume of 2,532,350 shares, compared to its average volume of 577,124. The stock has a market capitalization of $100.96 million, a P/E ratio of -2.52 and a beta of 1.97. Alto Ingredients has a twelve month low of $1.18 and a twelve month high of $3.00. The stock’s fifty day moving average price is $1.63 and its two-hundred day moving average price is $1.58. The company has a quick ratio of 2.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $5.50 price target 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.