Alta Equipment Group, Inc. (ALTG)

NYSE: ALTG · IEX Real-Time Price · USD
13.97 -0.29 (-2.03%)
Jan 25, 2022 4:00 PM EST - Market closed
Market Cap452.12M
Revenue (ttm)1.22B
Net Income (ttm)-25.10M
Shares Out32.36M
EPS (ttm)-0.81
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume43,989
Open14.01
Previous Close14.26
Day's Range13.57 - 14.16
52-Week Range9.40 - 17.38
Beta1.82
AnalystsBuy
Price Target20.75 (+48.5%)
Earnings Daten/a

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

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for ALTG stock is "Buy." The 12-month stock price forecast is 20.75, which is an increase of 48.53% from the latest price.

Price Target
$20.75
(48.53% upside)
Analyst Consensus: Buy

News

4 Industrial Manufacturing Stocks to Buy Amid Industry Challenges

The Zacks Manufacturing - General Industrial industry witnesses pandemic-led supply-side challenges, inflationary pressures and shortage of skilled workers. Healthy product orders are a boon.

Other symbols:FERGGGGXMTR
1 day ago - Zacks Investment Research

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...

3 weeks ago - Business Wire

Alta Acquires Ginop Sales

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”) today announced that it has entered into a definitive agreement to acquire the stock of Ginop Sales, Inc., a privately he...

1 month ago - Business Wire

Alta Acquires Ambrose Equipment For Undisclosed Sum

Alta Equipment Group Inc (NYSE: ALTG) has agreed to acquire the assets of family-owned Ambrose Equipment, LLC., expanding its construction equipment footprint to 39 locations in 10 states.

1 month ago - Benzinga

Alta Acquires Ambrose Equipment

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”) today announced that it has entered into a definitive agreement to acquire the assets of Ambrose Equipment, LLC., a priva...

1 month ago - Business Wire

Alta Equipment Acquires Midwest Mine Services For Undisclosed Sum

Alta Equipment Group Inc. (NYSE: ALTG) agreed to acquire Midwest Mine Services LLC, a privately held company based in Toledo, Ohio. Deal terms were not disclosed.

2 months ago - Benzinga

Alta Equipment Group Acquires Midwest Mine Services

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

2 months ago - Business Wire

B. Riley Bumps Up Alta Equipment Price Target By 10%

B. Riley analyst Alex Rygiel raised the price target on Alta Equipment Group Inc (NYSE:ALTG) to $21 (an upside of 24%) from $19 and reiterated a Buy rating on the shares post the Q3 results. Rygiel says...

2 months ago - Benzinga

Alta Equipment Group Inc. Reports Third 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 ...

2 months ago - Business Wire

Alta Equipment (ALTG) Reports Next Week: Wall Street Expects Earnings Growth

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.

2 months ago - Zacks Investment Research

Alta Equipment Group Announces Date of Third 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...

2 months ago - Business Wire

Alta Equipment Group Announces Innovate 21 Event

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”) has announced its upcoming Innovate 21 conference at Gillette Stadium in Foxboro, MA on October 14, 2021. Innovate 21 is ...

3 months ago - Business Wire

Alta Equipment Group to Participate in Upcoming DA Davidson 20th Annual Diversified Industrials & Services 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...

4 months ago - Business Wire

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...

4 months 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...

4 months 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...

4 months 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?

5 months 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 ...

5 months 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.

5 months 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
5 months 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
5 months 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
5 months 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-...

5 months 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).

5 months 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.

5 months ago - Zacks Investment Research