Q1 Earnings Estimate for ALTG Issued By B. Riley

Alta Equipment Group Inc. (NYSE:ALTG - Free Report) - Analysts at B. Riley issued their Q1 2025 earnings estimates for Alta Equipment Group in a research note issued to investors on Wednesday, March 26th. B. Riley analyst L. Burke forecasts that the company will post earnings of ($0.58) per share for the quarter. B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for Alta Equipment Group's current full-year earnings is ($1.92) per share. B. Riley also issued estimates for Alta Equipment Group's Q4 2025 earnings at ($0.24) EPS, FY2025 earnings at ($1.42) EPS and FY2026 earnings at ($1.07) EPS.

Separately, Raymond James dropped their target price on Alta Equipment Group from $9.00 to $8.50 and set a "market perform" rating on the stock in a research report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alta Equipment Group currently has an average rating of "Moderate Buy" and a consensus price target of $12.63.

Alta Equipment Group Stock Down 16.9 %

NYSE:ALTG traded down $0.82 during mid-day trading on Monday, reaching $4.02. The company's stock had a trading volume of 522,458 shares, compared to its average volume of 316,939. The company has a quick ratio of 0.43, a current ratio of 1.35 and a debt-to-equity ratio of 7.45. The stock has a fifty day moving average of $5.97 and a 200-day moving average of $6.59. Alta Equipment Group has a 1 year low of $4.01 and a 1 year high of $13.67. The firm has a market capitalization of $131.93 million, a PE ratio of -2.36 and a beta of 1.55.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. LPL Financial LLC increased its stake in shares of Alta Equipment Group by 1.5% in the fourth quarter. LPL Financial LLC now owns 118,942 shares of the company's stock worth $778,000 after acquiring an additional 1,774 shares during the period. Rhumbline Advisers increased its holdings in shares of Alta Equipment Group by 5.7% during the 4th quarter. Rhumbline Advisers now owns 33,968 shares of the company's stock valued at $222,000 after purchasing an additional 1,827 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in Alta Equipment Group by 5.2% during the third quarter. SkyView Investment Advisors LLC now owns 47,576 shares of the company's stock worth $321,000 after buying an additional 2,351 shares in the last quarter. SG Americas Securities LLC grew its position in Alta Equipment Group by 20.8% during the fourth quarter. SG Americas Securities LLC now owns 13,784 shares of the company's stock valued at $90,000 after buying an additional 2,375 shares during the period. Finally, Barclays PLC increased its holdings in Alta Equipment Group by 10.8% in the fourth quarter. Barclays PLC now owns 42,479 shares of the company's stock valued at $278,000 after buying an additional 4,152 shares in the last quarter. 73.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 completion of the sale, the chief operating officer now directly owns 98,640 shares in the company, valued at approximately $493,200. The trade was a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 19.90% of the stock is owned by company insiders.

Alta Equipment Group Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 5.68%. Alta Equipment Group's dividend payout ratio (DPR) is currently -11.22%.

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.