Alta Equipment Group (ALTG) Projected to Post Quarterly Earnings on Wednesday

Alta Equipment Group (NYSE:ALTG - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.60) per share and revenue of $436.15 million for the quarter.

Alta Equipment Group Trading Up 2.0 %

Shares of NYSE ALTG traded up $0.10 during mid-day trading on Monday, reaching $4.85. 112,554 shares of the company's stock were exchanged, compared to its average volume of 314,598. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.43 and a current ratio of 1.35. The firm has a market capitalization of $159.21 million, a price-to-earnings ratio of -2.85 and a beta of 1.53. The company's 50-day moving average is $4.67 and its 200-day moving average is $6.26. Alta Equipment Group has a 52-week low of $3.54 and a 52-week high of $12.09.

Alta Equipment Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a $0.057 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.23 dividend on an annualized basis and a yield of 4.71%. Alta Equipment Group's payout ratio is currently -11.22%.

Wall Street Analyst Weigh In

ALTG has been the subject of a number of recent analyst reports. B. Riley began coverage on shares of Alta Equipment Group in a research report on Thursday, March 27th. They set a "buy" rating and a $10.00 price target for the company. Raymond James decreased their price target on shares of Alta Equipment Group from $9.00 to $8.50 and set a "market perform" rating for the company in a report on Monday, March 10th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Alta Equipment Group has a consensus rating of "Moderate Buy" and a consensus price target of $12.63.

Insider Activity

In other Alta Equipment Group news, COO Craig Brubaker sold 5,294 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $5.00, for a total transaction of $26,470.00. Following the transaction, the chief operating officer now directly owns 98,640 shares of the company's stock, valued at approximately $493,200. The trade was a 5.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.90% of the stock is currently owned by corporate insiders.

About Alta Equipment Group

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 work platforms, paving and asphalt equipment, and other construction equipment and related products.