ALTG Stock Gets Lower EPS Estimate from Northland Securities

Key Points

• Northland Securities lowered Alta Equipment Group’s Q3 2026 EPS estimate to a loss of $0.24 per share from $0.18, while projecting a $1.13 loss for full-year 2026.
• Analysts expect losses to narrow over subsequent years, with Northland forecasting a $0.82 loss in FY2027 and a $0.13 loss by FY2030, though profitability is still not expected within that period.
• Alta’s shares opened at $5.78, below the analyst consensus target of $9.83; the stock has an average rating of “Hold,” and the company recently missed quarterly earnings and revenue estimates.

Alta Equipment Group Inc. (NYSE:ALTG - Free Report) - Stock analysts at Northland Securities reduced their Q3 2026 EPS estimates for Alta Equipment Group in a research report issued on Friday, September 25th. Northland Securities analyst T. Jackson now anticipates that the company will post earnings of ($0.24) per share for the quarter, down from their prior estimate of ($0.18). The consensus estimate for Alta Equipment Group's current full-year earnings is ($1.18) per share. Northland Securities also issued estimates for Alta Equipment Group's Q4 2026 earnings at ($0.21) EPS, FY2026 earnings at ($1.13) EPS, Q1 2027 earnings at ($0.40) EPS, Q2 2027 earnings at ($0.15) EPS, Q3 2027 earnings at ($0.16) EPS, Q4 2027 earnings at ($0.11) EPS, FY2027 earnings at ($0.82) EPS, FY2028 earnings at ($0.62) EPS, FY2029 earnings at ($0.40) EPS and FY2030 earnings at ($0.13) EPS.

Several other equities research analysts have also recently weighed in on the company. Citigroup restated an "outperform" rating on shares of Alta Equipment Group in a research note on Friday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Alta Equipment Group in a research note on Wednesday, August 26th. Wall Street Zen raised shares of Alta Equipment Group from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Finally, DA Davidson restated a "neutral" rating and set a $8.00 price objective on shares of Alta Equipment Group in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Alta Equipment Group has an average rating of "Hold" and a consensus target price of $9.83.

Alta Equipment Group Stock Performance

NYSE:ALTG opened at $5.78 on Tuesday. Alta Equipment Group has a 1 year low of $4.16 and a 1 year high of $8.69. The stock has a market cap of $188.67 million, a P/E ratio of -2.25 and a beta of 1.71. The stock has a 50-day simple moving average of $6.40 and a 200-day simple moving average of $6.42.

Alta Equipment Group (NYSE:ALTG - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.04). The business had revenue of $475.50 million during the quarter, compared to analyst estimates of $488.71 million. Alta Equipment Group had a negative net margin of 4.42% and a negative return on equity of 3,253.61%.

Institutional Trading of Alta Equipment Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new stake in shares of Alta Equipment Group in the 1st quarter valued at about $65,000. Lazard Asset Management LLC acquired a new position in Alta Equipment Group during the first quarter worth approximately $70,000. Ritholtz Wealth Management lifted its stake in Alta Equipment Group by 15.4% in the first quarter. Ritholtz Wealth Management now owns 15,576 shares of the company's stock valued at $84,000 after buying an additional 2,073 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Alta Equipment Group by 173.8% in the first quarter. Public Employees Retirement System of Ohio now owns 16,700 shares of the company's stock valued at $90,000 after buying an additional 10,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Alta Equipment Group by 22.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 80,419 shares of the company's stock valued at $432,000 after acquiring an additional 14,933 shares during the period. Institutional investors and hedge funds own 73.58% of the company's stock.

Alta Equipment Group News Summary

Here are the key news stories impacting Alta Equipment Group this week:

• Positive Sentiment: Northland raised its EPS forecasts for FY2027 to $(0.82) from $(0.90), FY2028 to $(0.62) from $(0.70), FY2029 to $(0.40) from $(0.47), and FY2030 to $(0.13) from $(0.20). The revisions indicate analysts see a faster path toward breakeven and eventual profitability for Alta Equipment Group.
• Positive Sentiment: Quarterly estimates for Q1 2027, Q2 2027, Q3 2027, and Q4 2027 were also improved, with expected losses narrowing by $0.02 to $0.03 per share in each quarter. This supports the longer-term recovery narrative.
• Neutral Sentiment: Despite the upgrades, Northland still expects Alta Equipment Group to report losses through FY2030. Its FY2027 estimate of $(0.82) remains below profitability, while the current full-year consensus is $(1.18) per share.
• Negative Sentiment: Northland cut its Q3 2026 EPS forecast to $(0.24) from $(0.18) and reduced FY2026 expectations to $(1.13) from $(1.08). The near-term deterioration may weigh on the stock because it points to deeper losses before the projected improvement.

Alta Equipment Group Company Profile

Alta Equipment Group Inc is a provider of industrial and construction equipment, offering equipment sales, rentals, parts and maintenance services to businesses across the United States. The company serves customers in industries such as construction, manufacturing, warehousing, logistics, infrastructure and government.

Its product offerings include material-handling equipment, such as forklifts and warehouse vehicles, as well as construction equipment including earthmoving machinery, aerial work platforms, cranes and related products.

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