Alta Equipment Group Inc. (ALTG)

NYSE: ALTG · IEX Real-Time Price · USD
8.81
+0.25 (2.92%)
May 24, 2024, 4:00 PM EDT - Market closed
2.92%
Market Cap 292.03M
Revenue (ttm) 2.03B
Net Income (ttm) -7.00M
Shares Out 33.15M
EPS (ttm) -0.21
PE Ratio n/a
Forward PE 44.68
Dividend $0.23 (2.59%)
Ex-Dividend Date May 14, 2024
Volume 248,714
Open 8.72
Previous Close 8.56
Day's Range 8.81 - 8.81
52-Week Range 8.31 - 17.98
Beta 1.67
Analysts Strong Buy
Price Target 21.00 (+138.37%)
Earnings Date May 8, 2024

About ALTG

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 wor... [Read more]

Sector Industrials
Founded 1984
Employees 3,000
Stock Exchange NYSE
Ticker Symbol ALTG
Full Company Profile

Financial Performance

In 2023, ALTG's revenue was $2.01 billion, an increase of 19.00% compared to the previous year's $1.68 billion. Earnings were $5.90 million, a decrease of -6.35%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for ALTG stock is "Strong Buy." The 12-month stock price forecast is $21.0, which is an increase of 138.37% from the latest price.

Price Target
$21.0
(138.37% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Alta Equipment Group Announces Pricing of Private Offering of $500 Million of Senior Secured Second Lien Notes due 2029

LIVONIA, Mich., May 21, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), announced today that it has priced $500 million in aggregate principal amount of its ...

6 days ago - GlobeNewsWire

Alta Equipment Group Announces Proposed Private Offering of $500 Million of Senior Secured Second Lien Notes

LIVONIA, Mich., May 20, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), today announced that it intends to offer, subject to market and other conditions, $50...

7 days ago - GlobeNewsWire

Alta Equipment Group Announces First Quarter 2024 Financial Results

First Quarter Financial Highlights: Total revenues increased $20.9 million year over year to $441.6 million Construction and Material Handling revenues of $255.6 million and $174.3 million, respective...

19 days ago - GlobeNewsWire

Alta Equipment Group Announces Common Stock Dividend

LIVONIA, Mich., May 02, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or "the Company"), a leading provider of premium material handling, construction and environmental proce...

25 days ago - GlobeNewsWire

Alta Equipment Group Announces Date of First Quarter 2024 Financial Results Release, Conference Call and Webcast

LIVONIA, Mich., April 24, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental pro...

4 weeks ago - GlobeNewsWire

Alta Equipment Group Announces Board Refreshment

LIVONIA, Mich., April 12, 2024 (GLOBE NEWSWIRE) -- On April 8, 2024, the Board of Directors (the “Board”) of Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of pre...

6 weeks ago - GlobeNewsWire

Alta Equipment Group Announces Preferred Stock Dividend

LIVONIA, Mich., April 03, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental pro...

7 weeks ago - GlobeNewsWire

Alta Equipment Group Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Adjusted EBITDA Guidance for 2024

Fourth Quarter Financial Highlights: (comparisons are year over year) Total revenues increased 21.7% year over year to $521.5 million Construction and Material Handling revenues of $328.1 million and ...

2 months ago - GlobeNewsWire

Alta Equipment Group Announces Date of Fourth Quarter and Full Year 2023 Financial Results Release, Conference Call and Webcast

LIVONIA, Mich., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the Company”), a leading provider of premium material handling, construction and environmental proce...

3 months ago - GlobeNewsWire

Alta Equipment Group Appoints Sidhartha Nair as Director

LIVONIA, Mich., Feb. 26, 2024 (GLOBE NEWSWIRE) -- On February 22, 2024, Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction ...

3 months ago - GlobeNewsWire

Alta Equipment Group Appoints Jeff Hoover as Chief Legal Officer and General Counsel

LIVONIA, Mich., Jan. 22, 2024 (GLOBE NEWSWIRE) -- On January 18, 2024, Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction a...

4 months ago - GlobeNewsWire

Alta Equipment Group Announces Third Quarter 2023 Financial Results

Third Quarter Financial Highlights: (comparisons are year over year) Total revenues increased 15.1% year over year to $466.2 million Construction and Material Handling revenues of $282.0 million and $...

7 months ago - GlobeNewsWire

Alta Equipment Group Acquires Ault Industries Expanding Construction Equipment Segment to Canada

LIVONIA, Mich., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”) today announced that it has acquired Ault Industries Inc. (“Ault”), a privately held ...

7 months ago - GlobeNewsWire

Alta Equipment Group Announces Date of Third Quarter 2023 Financial Results Release, Conference Call and Webcast

LIVONIA, Mich., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), a leading provider of premium material handling, construction and environmental proc...

7 months ago - GlobeNewsWire

Alta Equipment Group to Acquire Burris Equipment Adding to Its Construction Business Segment

LIVONIA, Mich., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”) today announced that it has entered into a definitive agreement to acquire Burris Eq...

8 months ago - GlobeNewsWire

Alta Equipment Group Announces Second Quarter 2023 Financial Results

Second Quarter Financial Highlights: (comparisons are year over year) Total revenues increased 15.2% year over year to $468.4 million Construction and Material Handling revenues of $281.5 million and ...

10 months ago - GlobeNewsWire

Alta Equipment Group Inc. Announces Full Exercise of Option in Secondary Offering of Common Stock

LIVONIA, Mich., Aug. 04, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), a leading provider of premium material handling, construction and environmental proc...

10 months ago - GlobeNewsWire

Alta Equipment Group Announces Date of Second Quarter 2023 Financial Results Release, Conference Call and Webcast

LIVONIA, Mich., July 28, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling, construction and environmental processing equipment ...

10 months ago - GlobeNewsWire

Alta Equipment Group Inc. Announces Closing of Secondary Offering of Common Stock

LIVONIA, Mich., July 25, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), a leading provider of premium material handling, construction and environmental proc...

10 months ago - GlobeNewsWire

Alta Equipment Group Inc. Announces Pricing of Upsized Secondary Offering of Common Stock

LIVONIA, Mich., July 21, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), a leading provider of premium material handling, construction and environmental proc...

11 months ago - GlobeNewsWire

Alta Equipment Group Announces Select, Preliminary, Unaudited Second Quarter 2023 Financial Results

Preliminary, Unaudited Second Quarter Financial Highlights Revenue expected to be between $462.0 million to $472.0 million; Trailing twelve months “TTM” revenue expected to be between $1,716.3 million...

11 months ago - GlobeNewsWire

Alta Equipment Group Inc. Announces Proposed Secondary Offering of Common Stock

LIVONIA, Mich., July 20, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), a leading provider of premium material handling, construction and environmental proc...

11 months ago - GlobeNewsWire

Alta Equipment Group Announces strong First Quarter 2023 Financial Results and Increases Adjusted EBITDA Guidance for 2023

First Quarter Financial Highlights: (comparisons are year over year) Total revenues increased 26.8% year over year to $420.7 million Construction and Material Handling revenue of $233.1 million and $1...

1 year ago - GlobeNewsWire

Alta Equipment Group Announces Date of First Quarter 2023 Financial Results Release, Conference Call and Webcast

LIVONIA, Mich., April 26, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling, construction and environmental processing equipment...

1 year ago - GlobeNewsWire

Alta Equipment Group Announces Fourth Quarter and Full Year 2022 Financial Results and Provides Adjusted EBITDA Guidance for 2023

Fourth Quarter Financial Highlights: (comparisons are year over year)

1 year ago - GlobeNewsWire