Alto Ingredients, Inc. Expected to Post Q1 2023 Earnings of ($0.19) Per Share (NASDAQ:ALTO)

Alto Ingredients, Inc. (NASDAQ:ALTO – Get Rating) – Equities researchers at HC Wainwright issued their Q1 2023 earnings per share estimates for Alto Ingredients in a research note issued to investors on Monday, March 13th. HC Wainwright analyst A. Dayal anticipates that the company will post earnings per share of ($0.19) for the quarter. The consensus estimate for Alto Ingredients’ current full-year earnings is $0.04 per share. HC Wainwright also issued estimates for Alto Ingredients’ Q2 2023 earnings at ($0.10) EPS, Q3 2023 earnings at $0.02 EPS and Q4 2023 earnings at $0.12 EPS.

Other equities research analysts also recently issued research reports about the company. Craig Hallum dropped their price objective on Alto Ingredients to $6.00 in a research report on Tuesday, November 15th. TheStreet downgraded Alto Ingredients from a “c” rating to a “d” rating in a research report on Friday.

Alto Ingredients Price Performance

Shares of ALTO stock opened at $1.92 on Tuesday. Alto Ingredients has a 1-year low of $1.77 and a 1-year high of $7.37. The stock’s 50-day moving average is $3.07 and its 200 day moving average is $3.46. The company has a market cap of $142.00 million, a P/E ratio of -3.20 and a beta of 2.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.42 and a quick ratio of 2.30.

Institutional Investors Weigh In On Alto Ingredients

Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. acquired a new stake in Alto Ingredients in the fourth quarter worth about $32,000. OLD Mission Capital LLC acquired a new stake in Alto Ingredients in the second quarter worth about $45,000. Prelude Capital Management LLC acquired a new stake in Alto Ingredients in the third quarter worth about $50,000. Blueshift Asset Management LLC acquired a new stake in Alto Ingredients in the third quarter worth about $51,000. Finally, Great West Life Assurance Co. Can acquired a new stake in Alto Ingredients in the third quarter worth about $59,000. Institutional investors and hedge funds own 52.20% of the company’s stock.

Alto Ingredients Company Profile

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Alto Ingredients, Inc engages in the production and marketing of specialty alcohols and essential ingredients. It operates through the following segments: Marketing and Distribution, Pekin Production, and Other Production. The Marketing and Distribution segment includes marketing and merchant trading for company-produced alcohols and essential ingredients, on an aggregated basis, and third-party fuel-grade ethanol.