HC Wainwright Lowers Earnings Estimates for Alto Ingredients

Alto Ingredients, Inc. (NASDAQ:ALTO) – Research analysts at HC Wainwright lowered their FY2025 earnings per share (EPS) estimates for shares of Alto Ingredients in a note issued to investors 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 previous forecast 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 NASDAQ:ALTO opened at $1.41 on Monday. The business has a 50 day moving average price of $1.64 and a 200 day moving average price of $1.58. Alto Ingredients has a twelve month low of $1.18 and a twelve month high of $2.40. The company has a market cap of $108.07 million, a price-to-earnings ratio of -2.71 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 Trading of Alto Ingredients

Several hedge funds have recently added to or reduced their stakes in ALTO. JPMorgan Chase & Co. raised its holdings in Alto Ingredients by 78.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,109 shares of the company’s stock valued at $28,000 after acquiring an additional 7,968 shares in the last quarter. Geode Capital Management LLC raised its holdings in Alto Ingredients by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 893,951 shares of the company’s stock valued at $1,395,000 after acquiring an additional 8,435 shares in the last quarter. Empowered Funds LLC raised its holdings in Alto Ingredients by 4.9% in the 4th quarter. Empowered Funds LLC now owns 253,926 shares of the company’s stock valued at $396,000 after acquiring an additional 11,949 shares in the last quarter. Barclays PLC raised its holdings in Alto Ingredients by 16.1% in the 4th quarter. Barclays PLC now owns 89,072 shares of the company’s stock valued at $139,000 after acquiring an additional 12,369 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Alto Ingredients by 5.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 370,852 shares of the company’s stock valued at $597,000 after acquiring an additional 19,104 shares in the last quarter. 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.