Research Analysts Offer Predictions for ALTO FY2025 Earnings

Alto Ingredients, Inc. (NASDAQ:ALTO) – Equities researchers at HC Wainwright reduced their FY2025 earnings per share estimates for shares of Alto Ingredients in a research note issued on Thursday, March 6th. HC Wainwright analyst A. Dayal now expects that the company will earn ($0.27) per share for the year, down from their prior forecast of $0.34. HC Wainwright has a “Buy” rating and a $5.50 price objective on the stock. The consensus estimate for Alto Ingredients’ current full-year earnings is ($0.37) per share.

Alto Ingredients Price Performance

Shares of ALTO opened at $1.50 on Monday. Alto Ingredients has a 1 year low of $1.18 and a 1 year high of $2.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 2.15. The company has a market capitalization of $114.97 million, a price-to-earnings ratio of -2.88 and a beta of 1.73. The business has a 50-day moving average of $1.64 and a 200-day moving average of $1.58.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ALTO. JPMorgan Chase & Co. raised its stake in shares of Alto Ingredients by 78.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,109 shares of the company’s stock valued at $28,000 after buying an additional 7,968 shares during the period. Two Sigma Securities LLC purchased a new position in Alto Ingredients during the fourth quarter worth about $50,000. SBI Securities Co. Ltd. purchased a new position in Alto Ingredients during the fourth quarter worth about $54,000. XTX Topco Ltd purchased a new position in Alto Ingredients during the fourth quarter worth about $94,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Alto Ingredients by 137.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock worth $95,000 after buying an additional 34,061 shares in the last quarter. Hedge funds and other 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.