Alta Equipment Group (ALTG) to Release Earnings on Thursday

Alta Equipment Group (NYSE:ALTG) is anticipated to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, August 7th. Analysts expect the company to announce earnings of ($0.27) per share and revenue of $478.63 million for the quarter.

Alta Equipment Group (NYSE:ALTG) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.05). Alta Equipment Group had a negative return on equity of 80.23% and a negative net margin of 3.83%. The company had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $436.15 million. On average, analysts expect Alta Equipment Group to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Alta Equipment Group Stock Performance

Shares of ALTG stock opened at $7.40 on Tuesday. The company has a market capitalization of $243.00 million, a price-to-earnings ratio of -3.32 and a beta of 1.60. The company has a debt-to-equity ratio of 13.12, a quick ratio of 0.42 and a current ratio of 1.36. Alta Equipment Group has a one year low of $3.54 and a one year high of $9.28. The company’s 50-day moving average is $6.80 and its 200 day moving average is $5.92.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ALTG shares. Raymond James Financial cut their price target on shares of Alta Equipment Group from $8.50 to $7.00 and set a “market perform” rating on the stock in a report on Friday, May 16th. Northland Securities upgraded Alta Equipment Group from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Tuesday, July 8th. DA Davidson reduced their target price on Alta Equipment Group from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, May 19th. Northland Capmk raised Alta Equipment Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Wall Street Zen upgraded Alta Equipment Group from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Alta Equipment Group has an average rating of “Buy” and an average price target of $11.25.

Insider Transactions at Alta Equipment Group

In related news, Director Andrew P. Studdert bought 6,743 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was acquired at an average cost of $4.80 per share, for a total transaction of $32,366.40. Following the purchase, the director owned 93,334 shares in the company, valued at approximately $448,003.20. This represents a 7.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 19.90% of the company’s stock.

Institutional Trading of Alta Equipment Group

A hedge fund recently bought a new stake in Alta Equipment Group stock. Strs Ohio bought a new position in Alta Equipment Group Inc. (NYSE:ALTG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,500 shares of the company’s stock, valued at approximately $138,000. Strs Ohio owned about 0.09% of Alta Equipment Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 73.58% 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.