Corrects syntax in headline
Overview
Industrial equipment maker's Q4 net sales fell 3%, missing analyst expectations
Q4 adjusted EPS was $1.70
Outlook
Company did not provide specific financial guidance for future periods
Result Drivers
INDUSTRIAL EQUIPMENT GROWTH - Co reported strong growth in Industrial Equipment Division driven by Excavator, Vacuum Truck, and Sweepers businesses
VEGETATION MANAGEMENT CHALLENGES - Weak demand in tree care, agriculture, and municipal mowing impacted Vegetation Management Division
Company press release: ID:nPnfjMCXa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Sales
Miss
$373.7 mln
$399.61 mln (4 Analysts)
Q4 EPS
Miss
$1.28
$2.12 (4 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Alamo Group Inc is $218.00, about 2.1% above its February 27 closing price of $213.53
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 14 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
