Alamo Group, Inc. (NYSE:ALG) Updates On Dividend Release Date


On 2016-07-01, Alamo Group, Inc. (NYSE:ALG) confirmed the dividend disbursement of $0.09 a share to shareholders as on record 2016-07-15. The firm will release dividend on 2016-07-29 while ex-dividend date is reported to be 2016-07-13.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Alamo Group, Inc. (NYSE:ALG) paid a total of $0.09 per share in dividends. This figure stood at $0.09 a share in the same period a year ago indicating a deviation of 14.2857%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $61.333 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $70 and $54, respectively.

Taking the mathematical rating formula, the price for Alamo Group, Inc. (NYSE:ALG) stands at 2.67. Earnings Review Alamo Group, Inc. (NYSE:ALG) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-02. For the period ending on 2016-09-30, experts are expecting EPS of $1.26.

Coming to the quarter ending on 2015-12-31, Alamo Group, Inc. (NYSE:ALG) recorded EPS of $0.92. The reported numbers came lower than the analysts’ estimates of $1.01, demonstrating a miss of $-0.09 as against reported figures.

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