What is Northland Securities’ Forecast for ALTG Q1 Earnings?

Alta Equipment Group Inc. (NYSE:ALTG) – Equities research analysts at Northland Securities issued their Q1 2026 earnings estimates for shares of Alta Equipment Group in a report issued on Wednesday, March 4th. Northland Securities analyst E. Jackson forecasts that the company will post earnings of ($0.69) per share for the quarter. The consensus estimate for Alta Equipment Group’s current full-year earnings is ($1.92) per share. Northland Securities also issued estimates for Alta Equipment Group’s Q2 2026 earnings at ($0.33) EPS, Q3 2026 earnings at ($0.36) EPS, Q4 2026 earnings at ($0.31) EPS, FY2026 earnings at ($1.70) EPS, FY2027 earnings at ($1.11) EPS, FY2028 earnings at ($0.51) EPS and FY2029 earnings at $0.12 EPS.

Alta Equipment Group (NYSE:ALTG) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.10). Alta Equipment Group had a negative return on equity of 341.70% and a negative net margin of 4.37%.The business had revenue of $509.10 million for the quarter, compared to analyst estimates of $489.56 million.

Other research analysts have also issued research reports about the company. Wall Street Zen upgraded Alta Equipment Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. DA Davidson set a $7.00 target price on Alta Equipment Group in a research report on Friday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alta Equipment Group in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Alta Equipment Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

Alta Equipment Group Stock Down 4.5%

NYSE:ALTG opened at $6.64 on Monday. The company has a current ratio of 1.43, a quick ratio of 0.48 and a debt-to-equity ratio of 257.10. The stock has a 50 day moving average of $6.42 and a 200-day moving average of $6.29. The firm has a market capitalization of $214.07 million, a PE ratio of -2.59 and a beta of 1.54. Alta Equipment Group has a 52 week low of $3.54 and a 52 week high of $8.99.

Hedge Funds Weigh In On Alta Equipment Group

Several large investors have recently bought and sold shares of ALTG. Vanguard Group Inc. lifted its stake in shares of Alta Equipment Group by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,321,283 shares of the company’s stock worth $9,566,000 after acquiring an additional 30,552 shares during the period. CastleKnight Management LP lifted its position in Alta Equipment Group by 11.4% in the fourth quarter. CastleKnight Management LP now owns 870,128 shares of the company’s stock worth $4,003,000 after purchasing an additional 89,068 shares during the period. First Eagle Investment Management LLC lifted its position 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 worth $5,006,000 after purchasing an additional 110,444 shares during the period. Royce & Associates LP boosted its stake in Alta Equipment Group by 0.7% during the 4th quarter. Royce & Associates LP now owns 550,783 shares of the company’s stock valued at $2,534,000 after purchasing an additional 3,991 shares in the last quarter. Finally, State Street Corp increased its position in shares of Alta Equipment Group by 0.3% during the 4th quarter. State Street Corp now owns 527,644 shares of the company’s stock valued at $2,427,000 after purchasing an additional 1,826 shares during the period. Institutional investors and hedge funds own 73.58% of the company’s stock.

Insider Buying and Selling at Alta Equipment Group

In other news, CEO Ryan Greenawalt sold 27,986 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $7.05, for a total transaction of $197,301.30. Following the transaction, the chief executive officer directly owned 5,721,710 shares of the company’s stock, valued at approximately $40,338,055.50. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Anthony Colucci sold 8,137 shares of Alta Equipment Group stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $7.05, for a total transaction of $57,365.85. Following the sale, the chief financial officer owned 240,750 shares in the company, valued at approximately $1,697,287.50. This represents a 3.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 19.90% of the stock is owned by insiders.

Alta Equipment Group Company Profile

Alta Equipment Group, Inc (NYSE: ALTG) is a North American distributor of material handling and logistics equipment. The company offers a broad lineup of forklifts, lift trucks, aerial work platforms, tow motors, pallet jacks and related attachments, serving manufacturing, warehousing, distribution and industrial facilities. Through its network of branch locations, Alta Equipment provides customers with new and used sales, short- and long-term rentals, and integrated fleet management solutions designed to support operational efficiency.

In addition to equipment sales, Alta Equipment supports customers with comprehensive after-sales services.