Alta Equipment Group (ALTG) Expected to Announce Earnings on Wednesday

Key Points

• Alta Equipment Group will report Q1 2026 results after the close on Wednesday, May 6 at 5:00 PM ET; analysts expect earnings of ($0.59) per share and revenue of $424.18 million.
• The company last quarter missed EPS (reported ($0.39) vs. consensus ($0.29)) despite revenue beating estimates, and it currently shows a negative net margin and ROE with analysts forecasting about ($1) EPS for the current and next fiscal year.
• Shares trade around $8.09 with a market cap near $261M; insiders have recently both bought (Mill Road) and sold (CEO) shares, institutional ownership is high (~73.6%), and the consensus rating is Hold with an average target of $12.17.

Alta Equipment Group (NYSE:ALTG - Get Free Report) is anticipated to release its Q1 2026 results after the market closes on Wednesday, May 6th. Analysts expect Alta Equipment Group to post earnings of ($0.59) per share and revenue of $424.18 million for the quarter. Interested persons may review the information on the company's upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, May 6, 2026 at 5:00 PM ET.

Alta Equipment Group (NYSE:ALTG - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.10). The business had revenue of $509.10 million during the quarter, compared to the consensus estimate of $489.56 million. Alta Equipment Group had a negative net margin of 4.37% and a negative return on equity of 341.70%. On average, analysts expect Alta Equipment Group to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Alta Equipment Group Stock Performance

NYSE ALTG opened at $8.09 on Wednesday. The stock has a market cap of $260.97 million, a P/E ratio of -3.16 and a beta of 1.57. The company's 50-day simple moving average is $6.33 and its 200 day simple moving average is $5.92. Alta Equipment Group has a twelve month low of $4.13 and a twelve month high of $8.99. The company has a quick ratio of 0.48, a current ratio of 1.43 and a debt-to-equity ratio of 257.10.

Insiders Place Their Bets

In other news, major shareholder Mill Road Capital Iii, L.P. acquired 58,162 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $6.10 per share, with a total value of $354,788.20. Following the completion of the purchase, the insider owned 4,369,410 shares of the company's stock, valued at $26,653,401. This represents a 1.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Greenawalt sold 27,986 shares of the company's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $7.05, for a total transaction of $197,301.30. Following the sale, the chief executive officer directly owned 5,721,710 shares in the company, valued at $40,338,055.50. This represents a 0.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have bought 84,000 shares of company stock valued at $519,371. 19.90% of the stock is currently owned by insiders.

Institutional Trading of Alta Equipment Group

Several large investors have recently added to or reduced their stakes in ALTG. CIBC Bancorp USA Inc. bought a new stake in Alta Equipment Group during the third quarter worth about $3,435,000. JPMorgan Chase & Co. grew its stake in Alta Equipment Group by 262.1% during the third quarter. JPMorgan Chase & Co. now owns 199,434 shares of the company's stock worth $1,444,000 after buying an additional 144,350 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Alta Equipment Group during the third quarter worth approximately $968,000. Squarepoint Ops LLC lifted its position in shares of Alta Equipment Group by 612.6% during the fourth quarter. Squarepoint Ops LLC now owns 122,822 shares of the company's stock worth $565,000 after purchasing an additional 105,587 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Alta Equipment Group by 262.1% during the third quarter. BNP Paribas Financial Markets now owns 91,967 shares of the company's stock worth $666,000 after purchasing an additional 66,569 shares in the last quarter. 73.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ALTG. DA Davidson set a $7.00 target price on shares of Alta Equipment Group in a research note on Friday, March 6th. Wall Street Zen raised shares of Alta Equipment Group from a "sell" rating to a "hold" rating in a research note on Saturday, February 28th. Raymond James Financial raised shares of Alta Equipment Group from a "market perform" rating to an "outperform" rating and set a $9.50 target price on the stock in a research note on Monday, March 9th. Finally, Zacks Research raised shares of Alta Equipment Group from a "strong sell" rating to a "hold" rating in a research note on Monday, January 19th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $12.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.