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Alta Equipment Group Inc. ALTG

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Price alert · ALTG

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7.38 USD -0.22 -2.89%

At close · Oct 30

7.38 0.00 0.00%

After hours · Oct 30, 4:00 PM ET

Bid
7.31 × 400
Ask
7.41 × 300
7.17 Day range 7.49
4.19 52-week range 8.30
YTD
+60.43%
1 year
+24.24%
Open
7.43
Prev close
7.60
Mkt cap
241.08M
Vol
149.79K
Avg vol
198.04K
EPS
-2.57
P/E
0.00
Div yield
3.43%
More statistics
Low
7.17
High
7.49
Forward P/E
-9.57
Beta
1.67
Short ratio
6.40
Inst. own
69.85%
Dividend
0.23
Ex-div date
Nov 14, 2024
Earnings
Aug 7, 2024
50-d avg
7.14
200-d avg
8.55
1y target
12.66

3M chart

Chart tools
Interval

Signals (20)
NameDateAgo
RSI: OverboughtOct 29, 20262 days ago
MACD: Buy SignalOct 22, 20261 week ago
SMA: BullishOct 21, 20261 week ago
SMA: BullishOct 21, 20261 week ago
MACD: Sell SignalOct 15, 20262 weeks ago
SMA: BearishOct 14, 20262 weeks ago
SMA: BearishOct 14, 20262 weeks ago
SMA: BullishOct 13, 20262 weeks ago
SMA: BearishOct 8, 20263 weeks ago
SMA: BullishOct 2, 20264 weeks ago
SMA: BullishSep 30, 20261 month ago
SMA: BearishSep 28, 20261 month ago
SMA: BullishSep 25, 20261 month ago
MACD: Buy SignalSep 17, 20261 month ago
SMA: BearishAug 18, 20262 months ago
SMA: BearishAug 18, 20262 months ago
MACD: Sell SignalAug 18, 20262 months ago
SMA: BullishAug 3, 20262 months ago
SMA: BullishJul 31, 20263 months ago
MACD: Buy SignalJul 31, 20263 months ago

Key statistics

Market cap
222.82M
Enterprise value
1.45B
Trailing P/E
0.00
Forward P/E
-9.57
PEG ratio
0.00
Price / sales
0.12
Price / book
2.32
EPS (TTM)
-1.71
Beta
1.67
Dividend yield
3.43%
Payout ratio
126.67%
Profit margin
-2.81%
Revenue (TTM)
1.90B
Revenue growth
-3.70%
Free cash flow
34.30M
Total cash
14.60M
Total debt
1.24B
Return on equity
-43.91%
Shares outstanding
33.26M
Short % of float
10.80%
50-day average
7.14
200-day average
8.55

Analyst view

Consensus: none

Price target (mean) 12.66 +71.5% upside
Target (low)
9.00
Target (mean)
12.66
Target (high)
20.00
Ratings (0m) 4 2 buy · 2 hold · 0 sell
  • Strong buy0
  • Buy2
  • Hold2
  • Sell0
  • Strong sell0

Next earnings

Aug 7, 2024

Expected Aug 7, 2024. Consensus EPS estimate -0.25.

Earnings history

Financials — quick view

All financials
ALTG Revenue — quarterly 504.10M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
ALTG Net income — quarterly -7.50M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
ALTG EPS — quarterly -0.25
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Earnings

ALTG recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Nov 12, 2024Sep 1, 2024-0.22-0.86-0.64-290.91%
Aug 7, 2024Jun 1, 2024-0.04-0.38-0.34-850.00%
Aug 7, 2024Jun 1, 2024-0.04———
May 8, 2024Mar 1, 2024-0.21———
May 8, 2024Mar 1, 2024-0.21-0.38-0.17-80.95%
Mar 14, 2024Dec 1, 2023-0.05———

Upgrades / downgrades

ALTG analyst upgrades and downgrades
DateFirmActionFromTo
Nov 14, 2024Raymond JamesmainMarket PerformMarket Perform
Nov 13, 2024Northland Capital MarketsdownOutperformMarket Perform
Aug 13, 2024DA DavidsonmainBuyBuy
Aug 9, 2024Raymond JamesdownOutperformMarket Perform
May 21, 2024DA DavidsonmainBuyBuy
Mar 15, 2024B. Riley SecuritiesreitBuyBuy

About Alta Equipment Group Inc.

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The company operates a branch network that sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, and other construction equipment and related products. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; provides automated equipment installation and system integration solutions; and distributes environmental processing equipment. It serves various manufacturing, food and beverage, automotive, municipal/government, education, pharmaceutical and medical, wholesale and retail distribution, construction, agriculture, road building, mining, recycling, and waste management sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.

Sector
Industrials
Industry
Rental & Leasing Services
Country
United States
Website
altg.com

News

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Insider holders

ALTG insider holders
InsiderRelationLatest transactionDateShares held
B. RILEY FINANCIAL, INCBeneficial Owner of more than 10% of a Class of SecuritySaleFeb 7, 20240
COLUCCI ANTHONY JOSEPHChief Financial OfficerStock Award(Grant)Mar 18, 2024200,573
GREENAWALT RYANChief Executive OfficerStock GiftMay 23, 20245,591,750
HOOVER JEFFREY ALANGeneral CounselPurchaseJun 6, 202411,601
MILL ROAD CAPITAL III, L.P.Beneficial Owner of more than 10% of a Class of SecurityConversion of Exercise of derivative securityDec 18, 20240
NAIR SIDHARTHADirectorStock Award(Grant)Jun 6, 202413,584

Institution ownership

ALTG institution ownership
Holder% heldSharesValueReported
Mill Road Capital Management Llc12.67%4,213,20828.23MSep 29, 2024
Voss Capital, LLC9.01%2,995,00020.07MSep 29, 2024
Blackrock Inc.6.04%2,009,33813.46MSep 29, 2024
Greenhaven Road Investment Management, L.p.5.39%1,794,06612.02MSep 29, 2024
Vanguard Group Inc4.35%1,447,1229.70MSep 29, 2024
Nantahala Capital Management, LLC2.54%845,1155.66MSep 29, 2024

Fund ownership

ALTG fund ownership
Holder% heldSharesValueReported
Vanguard Total Stock Market Index Fund2.45%816,0105.47MSep 29, 2024
iShares Russell 2000 ETF2.04%679,5804.55MOct 30, 2024
Vanguard Extended Market Index Fund1.12%371,2622.49MSep 29, 2024
Fidelity Small Cap Index Fund0.83%275,2011.84MAug 30, 2024
iShares Russell 2000 Growth ETF0.76%251,6831.69MOct 30, 2024
Fidelity Strategic Advisors Small-Mid Cap Fund0.69%230,4511.54MJul 30, 2024
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