Raymond James Financial Predicts ALTG FY2025 Earnings

Alta Equipment Group Inc. (NYSE:ALTG) – Stock analysts at Raymond James Financial reduced their FY2025 earnings per share (EPS) estimates for shares of Alta Equipment Group in a research report issued on Tuesday, November 18th. Raymond James Financial analyst S. Hansen now expects that the company will earn ($2.44) per share for the year, down from their prior forecast of ($1.32). The consensus estimate for Alta Equipment Group’s current full-year earnings is ($1.92) per share. Raymond James Financial also issued estimates for Alta Equipment Group’s Q4 2025 earnings at ($0.27) EPS and FY2026 earnings at ($1.16) EPS.

Alta Equipment Group (NYSE:ALTG) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($1.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($1.04). The firm had revenue of $422.60 million for the quarter, compared to analysts’ expectations of $456.68 million. Alta Equipment Group had a negative net margin of 4.34% and a negative return on equity of 175.61%.

Several other research analysts have also commented on ALTG. DA Davidson cut their price target on shares of Alta Equipment Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Wall Street Zen downgraded shares of Alta Equipment Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research lowered shares of Alta Equipment Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Alta Equipment Group in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.00.

Alta Equipment Group Stock Performance

NYSE ALTG opened at $4.46 on Friday. The company has a debt-to-equity ratio of 257.10, a current ratio of 1.42 and a quick ratio of 0.49. Alta Equipment Group has a 1-year low of $3.54 and a 1-year high of $8.99. The firm has a market capitalization of $143.79 million, a P/E ratio of -1.78 and a beta of 1.57. The business’s 50-day simple moving average is $6.22 and its 200-day simple moving average is $6.64.

Institutional Trading of Alta Equipment Group

Institutional investors have recently added to or reduced their stakes in the stock. Voss Capital LP grew its holdings in Alta Equipment Group by 2.3% during the 1st quarter. Voss Capital LP now owns 2,980,816 shares of the company’s stock worth $13,980,000 after acquiring an additional 65,816 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Alta Equipment Group by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,321,283 shares of the company’s stock worth $9,566,000 after purchasing an additional 30,552 shares during the last quarter. Nantahala Capital Management LLC grew its stake in Alta Equipment Group by 23.4% in the first quarter. Nantahala Capital Management LLC now owns 1,042,769 shares of the company’s stock worth $4,891,000 after purchasing an additional 197,654 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Alta Equipment Group by 16.2% in the second quarter. First Eagle Investment Management LLC now owns 792,103 shares of the company’s stock valued at $5,006,000 after buying an additional 110,444 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Alta Equipment Group by 8.3% during the third quarter. Royce & Associates LP now owns 546,792 shares of the company’s stock valued at $3,959,000 after buying an additional 42,054 shares in the last quarter. 73.58% of the stock is owned by institutional investors and hedge funds.

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.