Alta Equipment Group's (NYSE:ALTG) Dividend Will Be $0.057 [Yahoo! Finance]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Yahoo! Finance
The dividend yield will be 3.0% based on this payment which is still above the industry average. See our latest analysis for Alta Equipment Group A big dividend yield for a few years doesn't mean much if it can't be sustained. Alta Equipment Group is unprofitable despite paying a dividend, and it is paying out 293% of its free cash flow. These payout levels would generally be quite difficult to keep up. Looking forward, earnings per share is forecast to rise by 39.8% over the next year. This is the right direction to be moving, but it is not enough to achieve profitability. Unless this can be done in short order, the dividend might be difficult to sustain. Looking back, the dividend has been stable, but the company hasn't been paying a dividend for very long so we can't be confident that the dividend will remain stable through all economic environments. There hasn't been much of a change in the dividend over the last 2 years. Modest dividend growth is good to see, especially w
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ALTG
News
- Analysts Have Been Trimming Their Alta Equipment Group Inc. (NYSE:ALTG) Price Target After Its Latest Report [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Inc. (NYSE: ALTG) had its price target lowered by analysts at Raymond James from $10.00 to $9.00. They now have a "market perform" rating on the stock.MarketBeat
- Alta Equipment Group Inc. (NYSE: ALTG) was downgraded by analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating.MarketBeat
- Alta Equipment Group Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Inc. (NYSE: ALTG) had its "market perform" rating re-affirmed by analysts at Northland Securities. They now have a $20.00 price target on the stock, down previously from $30.00.MarketBeat
ALTG
Earnings
- 11/12/24 - Miss
ALTG
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- ALTG's page on the SEC website