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Alta Equipment Group, Inc. (ALTG)

NYSE: ALTG · IEX Real-Time Price · USD
13.60 0.53 (4.06%)
Sep 17, 2021 4:00 PM EDT - Market closed
Market Cap440.14M
Revenue (ttm)1.14B
Net Income (ttm)-24.30M
Shares Out32.36M
EPS (ttm)-0.80
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume110,318
Open13.09
Previous Close13.07
Day's Range13.05 - 13.60
52-Week Range7.26 - 15.33
Betan/a
AnalystsBuy
Price Target18.63 (+37.0%)
Est. Earnings DateNov 11, 2021

About ALTG

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. 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 aerial work platforms, cranes, earthmoving equipment, and other material handling and construction equipment. It also offers repair and maintenance services for its equipment. In addition, the com...

IndustryTrading Companies & Distributors
Founded1984
Employees2,000
Stock ExchangeNYSE
Ticker SymbolALTG
Full Company Profile

Financial Performance

In 2020, ALTG's revenue was $943.30 million, an increase of 54.77% compared to the previous year's $609.50 million. Losses were -$24.00 million, -32.20% less than in 2019.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for ALTG stock is "Buy." The 12-month stock price forecast is 18.63, which is an increase of 36.99% from the latest price.

Price Target
$18.63
(36.99% upside)
Analyst Consensus: Buy

News

Alta Expands Construction Equipment Business Through Gibson Machinery Acquisition

Alta Equipment Group Inc (NYSE: ALTG) has entered into a definitive agreement to acquire Gibson Machinery, LLC, a privately held equipment distributor based in Oakwood Village, near Cleveland, Ohio. Ter...

2 weeks ago - Benzinga

Alta Expands Construction Equipment Business With Acquisition of Gibson Machinery

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”) today announced that it has entered into a definitive agreement to acquire Gibson Machinery, LLC, a privately held premiu...

2 weeks ago - Business Wire

Alta Equipment Group Acquires Baron Industries

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”) today announced that it has acquired Baron Industries (“Baron”), a privately held dock & door company based in Woburn, MA...

2 weeks ago - Business Wire

Alta Equipment (ALTG) Reports Q2 Loss, Tops Revenue Estimates

Alta Equipment (ALTG) delivered earnings and revenue surprises of -83.33% and 8.77%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Alta Equipment Group Inc. Reports Second Quarter 2021 Financial Results

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (“Alta” or the “company”) (NYSE: ALTG), a leading provider of premium material handling and construction equipment and related services, today ...

1 month ago - Business Wire

Is a Surprise Coming for Alta Equipment (ALTG) This Earnings Season?

Alta Equipment (ALTG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 month ago - Zacks Investment Research

Alta Equipment Inks Dealer Agreement With Nikola

Alta Equipment Group Inc (NYSE: ALTG) has entered into a dealer agreement with Nikola Corporation (NASDAQ: NKLA) to sell and service Nikola's medium and long-haul Class 8 EV/FCEV trucks in the NY, NJ, e...

Other symbols:NKLA
1 month ago - Benzinga

Nikola Expands Sales And Service Dealer Network In Northeastern United States

PHOENIX, Aug. 10, 2021 /PRNewswire/ - Nikola Corporation (NASDAQ: NKLA), a leading designer and manufacturer of heavy-duty commercial battery-electric vehicles (BEV), fuel-cell electric vehicles (FCEV) ...

Other symbols:NKLA
1 month ago - PRNewsWire

Alta Equipment Group Signs Dealer Agreement with Nikola Corporation

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”) or (The company) today announced that it has entered into a dealer agreement with Nikola Corporation (NASDAQ: NKLA) (“Nik...

Other symbols:NKLA
1 month ago - Business Wire

Alta Material Handling Partners With Vecna Robotics For Autonomous Mobile Robots

Alta Material Handling (Alta MH), a business unit of Alta Equipment Group Inc (NYSE: ALTG), has partnered with the autonomous mobile robot (AMR) company Vecna Robotics to bring the capabilities of high-...

1 month ago - Benzinga

Vecna Robotics and Alta Material Handling Company Partner to Bring High-Capacity Autonomous Mobile Robots to Expanded...

WALTHAM, Mass.--(BUSINESS WIRE)-- #logistics--Vecna Robotics today announced a partnership with Alta Material Handling (Alta MH).

1 month ago - Business Wire

Alta Equipment (ALTG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Alta Equipment (ALTG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Alta Equipment Group to Participate in Upcoming Jefferies Virtual Industrials Conference

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling and construction equipment and related services, today announced that Ry...

1 month ago - Business Wire

Alta Equipment Group Announces Date of Second Quarter 2021 Financial Results Release, Conference Call and Webcast

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling and construction equipment and related services, today announced that it...

1 month ago - Business Wire

Alta Equipment Group Announces Preferred Stock Dividend

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling and construction equipment and related services, today announced that it...

2 months ago - Business Wire

Alta Equipment (ALTG) Reports Q1 Loss, Tops Revenue Estimates

Alta Equipment (ALTG) delivered earnings and revenue surprises of -46.15% and 9.49%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Alta Equipment Group Inc. Reports First Quarter 2021 Financial Results

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (“Alta” or the “company”) (NYSE: ALTG), a leading provider of premium material handling and construction equipment and related services, today ...

4 months ago - Business Wire

Will Alta Equipment (ALTG) Report Negative Earnings Next Week? What You Should Know

Alta Equipment (ALTG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

4 months ago - Zacks Investment Research

Alta Equipment Group Announces Date of First Quarter 2021 Financial Results Release, Conference Call and Webcast

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling and construction equipment and related services, today announced that it...

4 months ago - Business Wire

New Strong Sell Stocks for April 16th

VNET, ALTG, FPI, HALL, and INVO have been added to the Zacks Rank #5 (Strong Sell) List on April 16, 2021

Other symbols:FPIHALLINVOVNET
5 months ago - Zacks Investment Research

Mesirow Financial Investment Management, Inc..

Investment company Mesirow Financial Investment Management, Inc. (Current Portfolio) buys Duluth Holdings Inc, OneWater Marine Inc, Civista Bancshares Inc, Zynex Inc, Summit Hotel Properties Inc, sells ...

5 months ago - GuruFocus

Alta Equipment Group Announces Preferred Stock Dividend

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling and construction equipment and related services, today announced that it...

5 months ago - Business Wire

Alta Equipment Group Announces Pricing of Upsized Private Offering of $315 Million of Senior Secured Second Lien Note...

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), announced today that it has priced $315 million in aggregate principal amount of its 5.625% senior secu...

5 months ago - Business Wire

Alta Equipment Group Announces Proposed Private Offering of $300 Million of Senior Secured Second Lien Notes

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), today announced that it intends to offer, subject to market and other conditions, $300 million in aggre...

5 months ago - Business Wire

Alta Equipment Group Inc. Reports Fourth Quarter and Full Year 2020 Financial Results

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (“Alta” or the “company”) (NYSE: ALTG), a leading provider of premium material handling and construction equipment and related services, today ...

5 months ago - Business Wire