Analysts expect Alerus Financial Co. (NASDAQ:ALRS) to post earnings of $0.54 per share


Wall Street analysts expect Alerus Financial Co. (NASDAQ:ALRS – Get a rating) will report earnings of $0.54 per share for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Alerus Financial, with the highest EPS estimate of $0.57 and the lowest estimate of $0.49. Alerus Financial posted earnings of $0.86 per share in the same quarter last year, suggesting a negative growth rate of 37.2% year-over-year. The company is expected to announce its next earnings report after the market closes on Monday, January 1.

On average, analysts expect Alerus Financial to report annual earnings of $2.32 per share for the current year, with EPS estimates ranging from $2.15 to $2.40. For the next fiscal year, analysts expect the company to post earnings of $2.47 per share, with EPS estimates ranging from $2.35 to $2.60. Zacks earnings per share averages are an average based on a survey of sell-side research firms that cover Alerus Financial.

Alerus Financial (NASDAQ:ALRS – Get a rating) last released its quarterly earnings data on Wednesday, January 26. The company reported EPS of $0.72 for the quarter, beating consensus analyst estimates of $0.53 from $0.19. Alerus Financial had a return on equity of 15.20% and a net margin of 21.95%. The company posted revenue of $56.51 million for the quarter, versus analyst estimates of $53.86 million. In the same quarter last year, the company earned earnings per share of $0.57.

(A d)

The best investor in the world knows that the only way to thrive (especially in markets like these)… is to invest in VALUE. But this $2 stock might be the last value play in the market today.

See why this $2 stock could be $50 and STILL be a bargain

Separately, Zacks Investment Research downgraded Alerus Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 1.

Alerus Financial stock opened at $26.36 on Friday. The stock’s 50-day moving average is $28.20 and its 200-day moving average is $29.77. The company has a market capitalization of $458.74 million, a price-earnings ratio of 8.85 and a beta of 0.73. The company has a debt ratio of 0.16, a current ratio of 0.68 and a quick ratio of 0.67. Alerus Financial has a 12-month low of $25.46 and a 12-month high of $38.31.

A number of institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Alerus Financial in Q3 valued at approximately $291,000. BlackRock Inc. increased its position in Alerus Financial by 2.9% during the third quarter. BlackRock Inc. now owns 1,022,913 shares of the company worth $30,565,000 after acquiring 29,274 additional shares in the last quarter. Barclays PLC increased its position in Alerus Financial by 76.2% during the third quarter. Barclays PLC now owns 24,670 shares in the company worth $737,000 after acquiring a further 10,668 shares in the last quarter. Citigroup Inc. increased its position in Alerus Financial by 144.2% during the third quarter. Citigroup Inc. now owns 1,751 shares of the company worth $52,000 after acquiring 1,034 additional shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Alerus Financial by 14.0% during the third quarter. American Century Companies Inc. now owns 23,670 shares of the company worth $707,000 after buying 2,913 additional shares last quarter. 36.08% of the shares are held by hedge funds and other institutional investors.

Alerus Financial Company Profile (Get a rating)

Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The Company operates through four segments: Banking, Pension and Benefits, Wealth Management and Mortgages. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, term and savings deposits, checking accounts and certificates of deposit; and cash management products, including electronic receivables management, remote deposit capture, vault services, merchant services and other cash management services.

Featured articles

Get a Free Copy of Zacks Research Report on Alerus Financial (ALRS)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for Alerus Financial (NASDAQ:ALRS)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Alerus Financial right now?

Before you consider Alerus Financial, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Alerus Financial didn’t make the list.

Although Alerus Financial currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Previous PSALM reduces outstanding financial obligations
Next The best books to read to better manage your money