What is B. Riley’s Forecast for ALTG Q1 Earnings?

Alta Equipment Group Inc. (NYSE:ALTG) – Equities researchers at B. Riley issued their Q1 2025 earnings per share estimates for Alta Equipment Group in a research report issued on Wednesday, March 26th. B. Riley analyst L. Burke anticipates that the company will post earnings of ($0.58) per share for the quarter. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Alta Equipment Group’s current full-year earnings is ($1.92) per share. B. Riley also issued estimates for Alta Equipment Group’s Q4 2025 earnings at ($0.24) EPS, FY2025 earnings at ($1.42) EPS and FY2026 earnings at ($1.07) EPS.

Separately, Raymond James cut their price target on Alta Equipment Group from $9.00 to $8.50 and set a “market perform” rating for the company in a research note on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.63.

Alta Equipment Group Trading Down 7.0 %

NYSE ALTG opened at $4.60 on Monday. The company has a quick ratio of 0.43, a current ratio of 1.35 and a debt-to-equity ratio of 7.45. Alta Equipment Group has a 52 week low of $4.45 and a 52 week high of $13.67. The business has a 50 day moving average price of $6.20 and a 200-day moving average price of $6.64. The company has a market cap of $150.99 million, a price-to-earnings ratio of -2.70 and a beta of 1.81.

Alta Equipment Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Saturday, February 15th were paid a $0.057 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.23 dividend on an annualized basis and a yield of 4.96%. Alta Equipment Group’s dividend payout ratio is presently -11.22%.

Insider Buying and Selling at Alta Equipment Group

In related news, COO Craig Brubaker sold 5,294 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $5.00, for a total transaction of $26,470.00. Following the completion of the sale, the chief operating officer now directly owns 98,640 shares in the company, valued at $493,200. This represents a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 19.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ALTG. Charles Schwab Investment Management Inc. raised its holdings in Alta Equipment Group by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 78,454 shares of the company’s stock worth $529,000 after purchasing an additional 4,747 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Alta Equipment Group during the third quarter valued at about $2,646,000. Mill Road Capital Management LLC lifted its holdings in Alta Equipment Group by 18.2% in the third quarter. Mill Road Capital Management LLC now owns 4,213,208 shares of the company’s stock worth $28,397,000 after buying an additional 650,214 shares during the period. Quantinno Capital Management LP bought a new stake in Alta Equipment Group during the 3rd quarter valued at approximately $160,000. Finally, State Street Corp boosted its position in Alta Equipment Group by 2.5% during the 3rd quarter. State Street Corp now owns 485,892 shares of the company’s stock valued at $3,275,000 after acquiring an additional 11,946 shares in the last quarter. Institutional investors own 73.58% 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.