Alta Equipment Group, Inc. (ALTG)

NYSE: ALTG · IEX Real-Time Price · USD
12.03
+0.01 (0.08%)
Nov 25, 2022 1:00 PM EDT - Market closed
0.08%
Market Cap 386.97M
Revenue (ttm) 1.61B
Net Income (ttm) 6.30M
Shares Out 31.98M
EPS (ttm) 0.20
PE Ratio 60.15
Forward PE n/a
Dividend $0.11 (0.95%)
Ex-Dividend Date Nov 14, 2022
Volume 23,823
Open 12.07
Previous Close 12.02
Day's Range 11.96 - 12.1
52-Week Range 8.65 - 15.54
Beta 1.65
Analysts Buy
Price Target 20.66 (+71.7%)
Earnings Date Nov 9, 2022

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, earthmoving equipment, cranes, paving and asphalt equipment, and other material handling and construction equipment. It also offers repair and maintenance services for its e... [Read more]

Industry Trading Companies & Distributors
Founded 1984
Employees 2,250
Stock Exchange NYSE
Ticker Symbol ALTG
Full Company Profile

Financial Performance

In 2021, ALTG's revenue was $1.30 billion, an increase of 37.98% compared to the previous year's $943.30 million. Losses were -$20.80 million, -13.33% less than in 2020.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for ALTG stock is "Buy." The 12-month stock price forecast is 20.66, which is an increase of 71.74% from the latest price.

Price Target
$20.66
(71.74% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Alta Equipment (ALTG) Q3 Earnings and Revenues Surpass Estimates

Alta Equipment (ALTG) delivered earnings and revenue surprises of 16.67% and 5.39%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Alta Equipment Group Announces Common Stock Dividend

LIVONIA, Mich.

3 weeks ago - Business Wire

Alta Equipment Group Announces Preferred Stock Dividend

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Announces Preferred Stock Dividend

1 month ago - Business Wire

Alta Equipment (ALTG) Surpasses Q2 Earnings and Revenue Estimates

Alta Equipment (ALTG) delivered earnings and revenue surprises of 320% and 15.94%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Alta Equipment Group Inc. Reports Second Quarter 2022 Financial Results And Raises 2022 Guidance for Adjusted EBITDA

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. Reports Second Quarter 2022 Financial Results And Raises 2022 Guidance for Adjusted EBITDA

3 months ago - Business Wire

Alta Equipment Group Announces Date of Second Quarter 2022 Financial Results Release, Conference Call and Webcast

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Announces Date of Second Quarter 2022 Financial Results Release, Conference Call and Webcast

4 months ago - Business Wire

Alta Equipment Group Introduces Quarterly Common Stock Dividend and Share Repurchase Program

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Introduces Quarterly Common Stock Dividend and Share Repurchase Program

4 months ago - Business Wire

Alta Equipment Group Acquires Yale Industrial Trucks, Inc.

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Acquires Yale Industrial Trucks, Inc.; Expands Company's North American Presence into Major Canadian Markets

4 months ago - Business Wire

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

Alta Equipment (ALTG) delivered earnings and revenue surprises of 71.43% and 1.84%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Alta Equipment Group Inc. Reports First Quarter 2022 Financial Results

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. Reports First Quarter 2022 Financial Results

6 months ago - Business Wire

Alta Equipment Group Announces Date of First Quarter 2022 Financial Results Release, Conference Call and Webcast

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Announces Date of First Quarter 2022 Financial Results Release, Conference Call and Webcast

6 months ago - Business Wire

Alta Equipment Group Appoints Craig Brubaker as Chief Operating Officer

LIVONIA, Mich.--(BUSINESS WIRE)--On April 12, 2022, Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling and construction equipment and related services, anno...

7 months ago - Business Wire

Alta Equipment Group Inc. Reports Record Fourth Quarter and Full Year 2021 Financial Results

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

7 months ago - Business Wire

Alta Equipment Group Expands Nikola Dealer Network to Arizona

LIVONIA, Mich. & PHOENIX--(BUSINESS WIRE)---- $ALTG--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of construction and material handling equipment, today announced that it has been...

Other symbols: NKLA
8 months ago - Business Wire

3 Stocks To Buy To Beat Inflation According To This Wall Street Veteran

Fed Chairman Jerome Powell said on Monday that inflation is too high and that the FED is ready to take action as needed. Powell's tone has shifted tremendously since last year, when he described the inf...

Other symbols: ARENPBPB
8 months ago - Benzinga

Alta Equipment Group Reschedules Fourth Quarter and Full Year 2021 Financial Results Release, Conference Call and Web...

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

8 months ago - Business Wire

Alta Equipment Group Announces Date of Fourth Quarter and Full Year 2021 Financial Results Release, Conference Call a...

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...

8 months ago - Business Wire

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
10 months ago - Zacks Investment Research

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...

11 months 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.

11 months 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...

11 months 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.

1 year ago - Benzinga