Alta Equipment Group (NYSE:ALTG) Releases Earnings Results, Misses Expectations By $0.03 EPS

Alta Equipment Group (NYSE:ALTG - Get Free Report) released its quarterly earnings data on Thursday, May 7th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.59) by ($0.03), Zacks reports. The firm had revenue of $410.50 million for the quarter, compared to the consensus estimate of $424.18 million. Alta Equipment Group had a negative net margin of 4.33% and a negative return on equity of 3,253.61%.

Here are the key takeaways from Alta Equipment Group's conference call:

• Q1 results: total revenue was $410.5M (down ~3% YoY) and adjusted EBITDA was $28.1M, with management citing a Q4 pull-forward of tax-driven equipment purchases and unusually harsh winter weather as the main headwinds.
• Material Handling: revenues were $150.5M (down ~4.7%) driven by used-equipment weakness, but bookings and backlog are inflecting—March was the strongest monthly bookings since June 2023 and the ISM PMI has turned positive, supporting a meaningful sales rebound later in 2026.
• Construction and rental repositioning: Construction revenues were stable at $244.3M with strength in heavy earthmoving (Florida) and exposure to growing state/federal infrastructure spend, while rental gross book value was intentionally reduced by about $59.5M to $524.6M as management prioritizes utilization and margin quality and targets sub-$500M by year-end.
• Ecoverse: segment revenue was $17.1M; management expects tariff-related margin compression to abate after OEM repricing and a favorable Supreme Court ruling, with profitability improving through the year.
• Balance sheet and guidance: operating cash flow improved to $20.8M, interest expense fell to $19.5M and liquidity remains ~$250M, but management narrowed FY26 adjusted EBITDA guidance to $167.5M–$182.5M and expects FCF before rent-sale decisions of $100M–$110M, with results back-half weighted.

Alta Equipment Group Price Performance

Alta Equipment Group stock opened at $6.14 on Monday. The company has a debt-to-equity ratio of 257.10, a current ratio of 1.37 and a quick ratio of 0.47. The company has a market capitalization of $199.80 million, a PE ratio of -2.43 and a beta of 1.73. Alta Equipment Group has a one year low of $4.16 and a one year high of $8.99. The business has a 50 day simple moving average of $6.28 and a 200 day simple moving average of $5.98.

Analysts Set New Price Targets

ALTG has been the topic of a number of recent research reports. DA Davidson upgraded shares of Alta Equipment Group to a "hold" rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded 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 price objective for the company in a report on Monday, March 9th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Alta Equipment Group in a research report on Friday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Alta Equipment Group has a consensus rating of "Hold" and an average target price of $12.17.

Insider Buying and Selling at Alta Equipment Group

In other Alta Equipment Group news, CFO Anthony Colucci sold 8,137 shares of the company's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $7.05, for a total value of $57,365.85. Following the sale, the chief financial officer directly owned 240,750 shares in the company, valued at $1,697,287.50. This represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Mill Road Capital Iii, L.P. acquired 58,162 shares of the company's stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $6.10 per share, with a total value of $354,788.20. Following the completion of the purchase, the insider directly owned 4,369,410 shares of the company's stock, valued at approximately $26,653,401. This represents a 1.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 84,000 shares of company stock worth $519,371 over the last three months. Company insiders own 20.50% of the company's stock.

Institutional Investors Weigh In On Alta Equipment Group

Large investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL lifted its holdings in Alta Equipment Group by 11.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 100,885 shares of the company's stock valued at $464,000 after purchasing an additional 10,768 shares during the last quarter. Occudo Quantitative Strategies LP boosted its position in Alta Equipment Group by 7.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 23,423 shares of the company's stock valued at $108,000 after buying an additional 1,558 shares in the last quarter. Millennium Management LLC grew its stake in Alta Equipment Group by 45.4% during the fourth quarter. Millennium Management LLC now owns 76,587 shares of the company's stock worth $352,000 after buying an additional 23,926 shares during the last quarter. Engineers Gate Manager LP grew its stake in Alta Equipment Group by 18.1% during the fourth quarter. Engineers Gate Manager LP now owns 14,940 shares of the company's stock worth $69,000 after buying an additional 2,289 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in Alta Equipment Group during the fourth quarter worth about $97,000. Institutional investors own 73.58% of the company's stock.

About Alta Equipment Group

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.