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

Alta Equipment Group (NYSE:ALTG - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data 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 Stock Performance

ALTG stock traded up $0.26 during trading hours on Friday, hitting $4.74. 153,654 shares of the stock were exchanged, compared to its average volume of 315,409. Alta Equipment Group has a 12 month low of $3.54 and a 12 month high of $12.09. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt-to-equity ratio of 7.45. The firm has a market capitalization of $155.76 million, a P/E ratio of -2.79 and a beta of 1.55. The company has a 50-day simple moving average of $4.67 and a two-hundred day simple moving average of $6.26.

Alta Equipment Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.057 per share. This represents a $0.23 dividend on an annualized basis and a yield of 4.81%. Alta Equipment Group's dividend payout ratio is -11.22%.

Analysts Set New Price Targets

A number of analysts have issued reports on ALTG shares. B. Riley began coverage on shares of Alta Equipment Group in a report on Thursday, March 27th. They issued a "buy" rating and a $10.00 price objective for the company. Raymond James reduced their price target on Alta Equipment Group from $9.00 to $8.50 and set a "market perform" rating on the stock in a research report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.63.

Insider Buying and Selling at Alta Equipment Group

In other Alta Equipment Group news, COO Craig Brubaker sold 5,294 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $5.00, for a total value of $26,470.00. Following the sale, the chief operating officer now owns 98,640 shares of the company's stock, valued at approximately $493,200. This trade represents a 5.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 19.90% of the company's stock.

Alta Equipment Group Company Profile

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.