Research Analysts Offer Predictions for ALTO FY2025 Earnings

Alto Ingredients, Inc. (NASDAQ:ALTO) – Equities research analysts at HC Wainwright cut their FY2025 earnings per share estimates for shares of Alto Ingredients in a report released on Thursday, March 6th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings per share of ($0.27) for the year, down from their prior estimate of $0.34. HC Wainwright has a “Buy” rating and a $5.50 price target 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 Ingredients stock opened at $1.50 on Monday. The stock’s 50-day simple moving average is $1.64 and its 200-day simple moving average is $1.58. Alto Ingredients has a 52 week low of $1.18 and a 52 week high of $2.40. 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 company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On Alto Ingredients

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC lifted its position in shares of Alto Ingredients by 4.9% in the fourth quarter. Empowered Funds LLC now owns 253,926 shares of the company’s stock worth $396,000 after buying an additional 11,949 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Alto Ingredients by 5.4% in the third quarter. The Manufacturers Life Insurance Company now owns 370,852 shares of the company’s stock worth $597,000 after buying an additional 19,104 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Alto Ingredients by 101.2% in the third quarter. Jane Street Group LLC now owns 289,604 shares of the company’s stock worth $466,000 after buying an additional 145,687 shares in the last quarter. Barclays PLC lifted its position in shares of Alto Ingredients by 123.9% in the third quarter. Barclays PLC now owns 76,703 shares of the company’s stock worth $123,000 after buying an additional 42,450 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new stake in shares of Alto Ingredients in the fourth quarter worth about $1,465,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

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.