Alta Equipment Group (NYSE:ALTG - Get Free Report) is expected to announce its earnings results after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of ($0.31) per share and revenue of $485.48 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.
Alta Equipment Group Price Performance
ALTG traded up $0.06 during midday trading on Friday, reaching $5.48. 401,461 shares of the company's stock were exchanged, compared to its average volume of 148,353. The stock has a market capitalization of $182.08 million, a PE ratio of -3.22 and a beta of 1.76. Alta Equipment Group has a 1-year low of $5.32 and a 1-year high of $13.67. The company has a debt-to-equity ratio of 7.45, a current ratio of 1.35 and a quick ratio of 0.43. The business's 50-day moving average price is $6.89 and its 200 day moving average price is $6.82.
Alta Equipment Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Saturday, February 15th were issued a dividend of $0.057 per share. The ex-dividend date was Friday, February 14th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 4.16%. Alta Equipment Group's dividend payout ratio (DPR) is presently -12.94%.
Wall Street Analysts Forecast Growth
ALTG has been the subject of a number of recent research reports. Northland Securities reiterated a "market perform" rating and set a $20.00 price target (down from $30.00) on shares of Alta Equipment Group in a report on Wednesday, November 13th. Raymond James lowered their price target on shares of Alta Equipment Group from $10.00 to $9.00 and set a "market perform" rating for the company in a report on Thursday, November 14th. Finally, Northland Capmk downgraded shares of Alta Equipment Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $15.75.
View Our Latest Stock Report on Alta Equipment Group
About Alta Equipment Group
(
Get Free Report)
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.
Further Reading
Before you consider Alta Equipment Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alta Equipment Group wasn't on the list.
While Alta Equipment Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
