NYSE:ALTG Alta Equipment Group (ALTG) Stock Price, News & Analysis → Forget AI, Imperium Is Expected to Grow 320,00% in 3 Years (From Banyan Hill Publishing) (Ad) Free ALTG Stock Alerts $8.85 -0.96 (-9.79%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$8.75▼$9.7650-Day Range$8.85▼$13.1552-Week Range$8.75▼$17.98Volume1.00 million shsAverage Volume294,500 shsMarket Capitalization$290.37 millionP/E RatioN/ADividend Yield2.60%Price Target$21.17 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Alta Equipment Group alerts: Email Address Alta Equipment Group MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside139.2% Upside$21.17 Price TargetShort InterestBearish7.03% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment-0.09Based on 9 Articles This WeekInsider TradingSelling Shares$681,392 Sold Last QuarterProj. Earnings Growth333.33%From $0.12 to $0.52 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.63 out of 5 starsIndustrial Products Sector77th out of 169 stocksIndustrial Machinery & Equipment Industry4th out of 5 stocks 3.5 Analyst's Opinion Consensus RatingAlta Equipment Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageAlta Equipment Group has only been the subject of 2 research reports in the past 90 days.Read more about Alta Equipment Group's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted7.03% of the float of Alta Equipment Group has been sold short.Short Interest Ratio / Days to CoverAlta Equipment Group has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in Alta Equipment Group has recently decreased by 3.59%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend YieldAlta Equipment Group pays a meaningful dividend of 2.32%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAlta Equipment Group does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Alta Equipment Group will have a dividend payout ratio of 44.23% next year. This indicates that Alta Equipment Group will be able to sustain or increase its dividend.Read more about Alta Equipment Group's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ALTG. Previous Next 1.1 News and Social Media Coverage News SentimentAlta Equipment Group has a news sentiment score of -0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Alta Equipment Group this week, compared to 1 article on an average week. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Alta Equipment Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $681,392.00 in company stock.Percentage Held by Insiders20.90% of the stock of Alta Equipment Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions73.58% of the stock of Alta Equipment Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Alta Equipment Group's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Alta Equipment Group are expected to grow by 333.33% in the coming year, from $0.12 to $0.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Alta Equipment Group is -42.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Alta Equipment Group is -42.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioAlta Equipment Group has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Alta Equipment Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Chaikin AnalyticsMissed NVDA? Buy this AI stock NOWAfter Nvidia's record-breaking earnings surge, Wall Street is now selling the stock at the fastest pace in seven months. So if you currently own NVIDIA (NVDA)... Or were thinking of buying it in the weeks ahead... I urge you to review my recent interview with 50-year Wall Street legend Marc Chaikin.You can watch it here. About Alta Equipment Group Stock (NYSE:ALTG)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.Read More ALTG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ALTG Stock News HeadlinesMay 10, 2024 | finance.yahoo.comAlta Equipment Group Inc. (ALTG) Q1 2024 Earnings: Misses EPS Estimates Amid Seasonal ChallengesMay 10, 2024 | investing.comAlta Equipment Group Inc (ALTG)May 12, 2024 | Banyan Hill Publishing (Ad)Forget AI, Imperium Is Expected to Grow 320,00% in 3 YearsIf you think AI is big, then you have got to check out something I call Imperium… By my calculations, it’s set to grow 320,000% in three years. (You can see my calculations here.)May 10, 2024 | finance.yahoo.comAlta Equipment Group First Quarter 2024 Earnings: Revenues Beat Expectations, EPS LagsMay 9, 2024 | finance.yahoo.comQ1 2024 Alta Equipment Group Inc Earnings CallMay 9, 2024 | finance.yahoo.comAlta Equipment Group Inc (ALTG) (Q1 2024) Earnings Call Transcript Highlights: Navigating ...May 8, 2024 | msn.comALTG Stock Earnings: Alta Equipment Group Misses EPS, Beats Revenue for Q1 2024May 8, 2024 | globenewswire.comAlta Equipment Group Announces First Quarter 2024 Financial ResultsMay 12, 2024 | Banyan Hill Publishing (Ad)Forget AI, Imperium Is Expected to Grow 320,00% in 3 YearsIf you think AI is big, then you have got to check out something I call Imperium… By my calculations, it’s set to grow 320,000% in three years. (You can see my calculations here.)May 2, 2024 | finance.yahoo.comIs It Too Late To Consider Buying Alta Equipment Group Inc. (NYSE:ALTG)?May 2, 2024 | globenewswire.comAlta Equipment Group Announces Common Stock DividendApril 24, 2024 | globenewswire.comAlta Equipment Group Announces Date of First Quarter 2024 Financial Results Release, Conference Call and WebcastApril 18, 2024 | finance.yahoo.comAlta Equipment Group Inc. (NYSE:ALTG) Delivered A Weaker ROE Than Its IndustryApril 17, 2024 | morningstar.comAlta Equipment Group Inc Class A ALTGApril 12, 2024 | msn.comAlta Equipment Group announces departure of director Zachary SavasApril 12, 2024 | globenewswire.comAlta Equipment Group Announces Board RefreshmentApril 3, 2024 | globenewswire.comAlta Equipment Group Announces Preferred Stock DividendApril 1, 2024 | finance.yahoo.comOwning 48% shares,institutional owners seem interested in Alta Equipment Group Inc. (NYSE:ALTG),March 22, 2024 | seekingalpha.comALTG Alta Equipment Group Inc.March 19, 2024 | markets.businessinsider.comAnalysts Offer Insights on Industrial Goods Companies: Ceco Environmental (CECO) and Alta Equipment Group (ALTG)March 16, 2024 | finance.yahoo.comAlta Equipment Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS LagsMarch 15, 2024 | finance.yahoo.comQ4 2023 Alta Equipment Group Inc Earnings CallMarch 14, 2024 | msn.comALTG Stock Earnings: Alta Equipment Group Beats EPS, Beats Revenue for Q4 2023March 14, 2024 | msn.comAlta Equipment Non-GAAP EPS of $0.03 in-line, revenue of $521.5M beats by $37.82MMarch 14, 2024 | benzinga.comRecap: Alta Equipment Group Q4 EarningsMarch 14, 2024 | finance.yahoo.comAlta Equipment Group Inc (ALTG) Reports Revenue Surge Amidst Net Loss in Q4March 14, 2024 | globenewswire.comAlta Equipment Group Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Adjusted EBITDA Guidance for 2024See More Headlines Receive ALTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Alta Equipment Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 2/29 Dividend2/14/2024Dividend Payable2/29/2024Last Earnings3/14/2024Today5/12/2024Ex-Dividend for 5/31 Dividend5/14/2024Dividend Payable5/31/2024Next Earnings (Estimated)8/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorIndustrial Products Industry Industrial machinery & equipment Sub-IndustryN/A Current SymbolNYSE:ALTG CUSIPN/A CIK1759824 Webwww.altaequipment.com Phone(248) 449-6700FaxN/AEmployees3,000Year FoundedN/APrice Target and Rating Average Stock Price Target$21.17 High Stock Price Target$22.00 Low Stock Price Target$19.50 Potential Upside/Downside+139.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.21) Trailing P/E RatioN/A Forward P/E Ratio73.75 P/E GrowthN/ANet Income$8.90 million Net Margins-0.21% Pretax Margin0.13% Return on Equity-0.34% Return on Assets-0.03% Debt Debt-to-Equity Ratio4.40 Current Ratio1.32 Quick Ratio0.48 Sales & Book Value Annual Sales$1.88 billion Price / Sales0.15 Cash Flow$4.00 per share Price / Cash Flow2.21 Book Value$4.62 per share Price / Book1.92Miscellaneous Outstanding Shares32,810,000Free Float25,949,000Market Cap$290.37 million OptionableOptionable Beta1.67 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Ryan Greenawalt (Age 50)CEO & Chairman Comp: $1.75MMr. Anthony J. Colucci (Age 45)Chief Financial Officer Comp: $946.91kMr. Craig Brubaker (Age 53)Chief Operating Officer Comp: $620.35kMr. Jeff HooverChief Legal Officer & General CounselPaul IvankovicsVice President of Human ResourcesMr. Robert T. ChilesPresident of Construction Equipment DivisionMr. Bob KohlerPresident of Industrial GroupMr. Alan HammersleyPresident & CEO of NITCOMr. Andrew RundleDirector of FinanceJason DammeyerDirector of SEC Reporting & Technical AccountingMore ExecutivesKey CompetitorsDXP EnterprisesNASDAQ:DXPEMRC GlobalNYSE:MRCGlobal IndustrialNYSE:GICNorthwest PipeNASDAQ:NWPXCompX InternationalNYSE:CIXView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Bought 8,962 shares on 5/10/2024Ownership: 3.811%Foundry Partners LLCBought 57,515 shares on 5/9/2024Ownership: 0.896%Russell Investments Group Ltd.Bought 52,896 shares on 5/8/2024Ownership: 0.582%Quantum Private Wealth LLCBought 13,500 shares on 5/7/2024Ownership: 0.268%Quantbot Technologies LPBought 6,355 shares on 5/6/2024Ownership: 0.048%View All Insider TransactionsView All Institutional Transactions ALTG Stock Analysis - Frequently Asked Questions Should I buy or sell Alta Equipment Group stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alta Equipment Group in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALTG shares. View ALTG analyst ratings or view top-rated stocks. What is Alta Equipment Group's stock price target for 2024? 3 Wall Street research analysts have issued 12-month target prices for Alta Equipment Group's stock. Their ALTG share price targets range from $19.50 to $22.00. On average, they predict the company's stock price to reach $21.17 in the next year. This suggests a possible upside of 139.2% from the stock's current price. View analysts price targets for ALTG or view top-rated stocks among Wall Street analysts. How have ALTG shares performed in 2024? Alta Equipment Group's stock was trading at $12.37 at the beginning of the year. Since then, ALTG stock has decreased by 28.5% and is now trading at $8.85. View the best growth stocks for 2024 here. Are investors shorting Alta Equipment Group? Alta Equipment Group saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,740,000 shares, a drop of 5.4% from the March 15th total of 1,840,000 shares. Based on an average daily trading volume, of 328,400 shares, the short-interest ratio is presently 5.3 days. Currently, 7.7% of the company's shares are short sold. View Alta Equipment Group's Short Interest. When is Alta Equipment Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024. View our ALTG earnings forecast. How were Alta Equipment Group's earnings last quarter? Alta Equipment Group Inc. (NYSE:ALTG) posted its quarterly earnings results on Thursday, March, 14th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.03. The company earned $521.50 million during the quarter, compared to analyst estimates of $478.68 million. Alta Equipment Group had a negative net margin of 0.21% and a negative trailing twelve-month return on equity of 0.34%. How often does Alta Equipment Group pay dividends? What is the dividend yield for Alta Equipment Group? Alta Equipment Group announced a quarterly dividend on Thursday, May 2nd. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.057 per share on Friday, May 31st. This represents a $0.23 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, May 14th. Read our dividend analysis for ALTG. Is Alta Equipment Group a good dividend stock? Alta Equipment Group (NYSE:ALTG) pays an annual dividend of $0.23 per share and currently has a dividend yield of 2.32%. Read our dividend analysis for ALTG. Who are Alta Equipment Group's major shareholders? Alta Equipment Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.81%), Foundry Partners LLC (0.90%), Register Financial Advisors LLC (0.71%), Russell Investments Group Ltd. (0.58%), Essex Investment Management Co. LLC (0.51%) and Quantum Private Wealth LLC (0.27%). Insiders that own company stock include Andrew P Studdert, Anthony Colucci, B Riley Financial, Inc, Craig Brubaker, Daniel Shribman, Ryan Greenawalt, Voss Capital, Llc and Zachary E Savas. View institutional ownership trends. How do I buy shares of Alta Equipment Group? Shares of ALTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:ALTG) was last updated on 5/12/2024 by MarketBeat.com Staff From Our PartnersThe ONE AI Stock to own now. 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