Alta Equipment Group (ALTG) Projected to Post Earnings on Thursday

Alta Equipment Group (NYSE:ALTG - Get Free Report) is anticipated to release its earnings data before the market opens on Thursday, March 13th. Analysts expect Alta Equipment Group to post earnings of ($0.31) per share and revenue of $485.48 million for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Alta Equipment Group Stock Down 5.0 %

NYSE ALTG traded down $0.26 during mid-day trading on Friday, hitting $4.80. The company's stock had a trading volume of 404,374 shares, compared to its average volume of 172,311. The company's 50 day simple moving average is $6.71 and its 200 day simple moving average is $6.79. Alta Equipment Group has a twelve month low of $4.65 and a twelve month high of $13.67. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt-to-equity ratio of 7.45. The firm has a market capitalization of $159.46 million, a price-to-earnings ratio of -2.82 and a beta of 1.81.

Alta Equipment Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Saturday, February 15th were given a $0.057 dividend. This represents a $0.23 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend was Friday, February 14th. Alta Equipment Group's payout ratio is currently -12.94%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Northland Capmk downgraded shares of Alta Equipment Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Northland Securities reissued a "market perform" rating and issued a $20.00 price target (down previously from $30.00) on shares of Alta Equipment Group in a research report on Wednesday, November 13th. Finally, Raymond James cut their price objective on shares of Alta Equipment Group from $10.00 to $9.00 and set a "market perform" rating on the stock in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $15.75.

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Insiders Place Their Bets

In other Alta Equipment Group news, COO Craig Brubaker sold 5,294 shares of Alta Equipment Group stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $5.00, for a total transaction of $26,470.00. Following the transaction, the chief operating officer now directly owns 98,640 shares of the company's stock, valued at $493,200. The trade was a 5.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 19.90% of the company's stock.

Alta Equipment Group Company Profile

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.