Alta Equipment Group - ALTG Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alta Equipment Group in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALTG shares.
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2 brokers have issued 12 month price objectives for Alta Equipment Group's shares. Their ALTG share price forecasts range from $22.00 to $25.00. On average, they predict the company's stock price to reach $23.50 in the next year. This suggests a possible upside of 50.1% from the stock's current price.
View analysts price targets for ALTG or view top-rated stocks among Wall Street analysts.

Alta Equipment Group's stock was trading at $13.19 at the beginning of the year. Since then, ALTG shares have increased by 18.7% and is now trading at $15.66.
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Alta Equipment Group saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 481,000 shares, an increase of 125.2% from the February 28th total of 213,600 shares. Based on an average trading volume of 230,100 shares, the short-interest ratio is currently 2.1 days. Approximately 2.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our ALTG earnings forecast.

Alta Equipment Group Inc. (NYSE:ALTG) posted its quarterly earnings results on Thursday, November, 11th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.03 by $0.05. The firm earned $295 million during the quarter, compared to the consensus estimate of $287.10 million. Alta Equipment Group had a trailing twelve-month return on equity of 7.89% and a net margin of 0.59%. During the same quarter in the previous year, the firm earned $0.01 earnings per share.

Alta Equipment Group announced a quarterly dividend on Wednesday, February 1st. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.057 per share on Tuesday, February 28th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, February 14th.
Read our dividend analysis for ALTG.

ETFs with the largest weight of Alta Equipment Group (NYSE:ALTG) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).

Alta Equipment Group (NYSE:ALTG) pays an annual dividend of $0.22 per share and currently has a dividend yield of 1.48%. The dividend payout ratio is 110.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ALTG will have a dividend payout ratio of 38.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALTG.

Alta Equipment Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALTG."

Alta Equipment Group's stock is owned by a number of retail and institutional investors. Top institutional investors include B. Riley Securities Inc. (18.64%), Voss Capital LLC (4.19%), Mill Road Capital Management LLC (3.90%), Nantahala Capital Management LLC (3.69%), Granahan Investment Management LLC (3.13%) and Portolan Capital Management LLC (1.78%). Insiders that own company stock include Andrew P Studdert, Anthony Colucci, B Riley Financial, Inc, Daniel Shribman, Ryan Greenawalt and Zachary E Savas.
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Shares of ALTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALTG stock can currently be purchased for approximately $15.66.

Alta Equipment Group (NYSE:ALTG) has a market capitalization of $504.16 million and generates $1.57 billion in revenue each year. The company earns $9.30 million in net income (profit) each year or $0.20 on an earnings per share basis.

The company employs 2,800 workers across the globe.

Alta Equipment Group's mailing address is 13211 MERRIMAN ROAD, LIVONIA MI, 48150. The official website for the company is www.altaequipment.com. The company can be reached via phone at (248) 449-6700 or via email at ir@brileyfin.com.