$47.93 Million in Sales Expected for Alerus Finl Cp (NYSE:ALRS) This Quarter

Brokerages forecast that Alerus Finl Cp (NYSE:ALRS) will report sales of $47.93 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Alerus Finl Cp’s earnings. The lowest sales estimate is $46.56 million and the highest is $49.30 million. Alerus Finl Cp posted sales of $48.28 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, July 23rd.

On average, analysts expect that Alerus Finl Cp will report full year sales of $191.18 million for the current fiscal year, with estimates ranging from $189.30 million to $193.06 million. For the next fiscal year, analysts forecast that the business will post sales of $186.11 million, with estimates ranging from $184.61 million to $187.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Alerus Finl Cp.

Alerus Finl Cp (NYSE:ALRS) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). The business had revenue of $46.03 million for the quarter, compared to analysts’ expectations of $44.67 million.

Shares of ALRS stock traded down $1.06 during trading on Friday, reaching $18.89. The company’s stock had a trading volume of 1,275,394 shares, compared to its average volume of 41,479. The business has a fifty day moving average price of $18.85 and a 200-day moving average price of $19.52. Alerus Finl Cp has a one year low of $15.05 and a one year high of $24.00.

Alerus Finl Cp Company Profile

Alerus Financial Corporation, through its subsidiaries, provides various financial services for individuals, families, and businesses. It offers checking and savings accounts, certificates of deposit, personal loans, lines of credit, debit and credit cards, deposit and payment solutions, and mobile wallet, as well as online banking and bill pay, mobile banking, and private banking services.

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