Industrials -
Rental & Leasing Services - NYSE - US
$ 3.975
-2.15 %
$ 132 M
Market Cap
-2.09
P/E
1. INTRINSIC VALUE
Balance Sheet
Alta Equipment Group Inc.
| Current Assets | 774 M |
| Cash & Short-Term Investments | 13.4 M |
| Receivables | 200 M |
| Other Current Assets | 561 M |
| Non-Current Assets | 706 M |
| Long-Term Investments | 0 |
| PP&E | 210 M |
| Other Non-Current Assets | 496 M |
| Current Liabilities | 577 M |
| Accounts Payable | 91.5 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 486 M |
| Non-Current Liabilities | 826 M |
| Long-Term Debt | 319 M |
| Other Non-Current Liabilities | 507 M |
EFFICIENCY
Earnings Waterfall
Alta Equipment Group Inc.
| Revenue | 1.88 B |
| Cost Of Revenue | 1.38 B |
| Gross Profit | 494 M |
| Operating Expenses | 475 M |
| Operating Income | 18.6 M |
| Other Expenses | 80.7 M |
| Net Income | -62.1 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Alta Equipment Group Inc.
| Net Income | -62.1 M |
| Depreciation & Amortization | 144 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 4.8 M |
| Change in Working Capital | 0 |
| Others | -21.6 M |
| Free Cash Flow | 57 M |
Wall Street Analysts Price Targets
Alta Equipment Group Inc.
Wall Street analysts predict an average 1-year price target for ALTG of $14.5 , with forecasts ranging from
a
low of
$9 to a high of $20 .
ALTG Lowest Price Target
Wall Street Target
9 USD
126.42%
ALTG Average Price Target
Wall Street Target
14.5 USD
264.78%
ALTG Highest Price Target
Wall Street Target
20 USD
403.14%
4. DIVIDEND
ANALYSIS
1.23%
DIVIDEND YIELD
0.057 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Alta Equipment Group Inc.
Sold
0-3 MONTHS
26.5 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
73.1 K USD 2
9-12 MONTHS
24.5 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
1.74 M USD 2
6-9 MONTHS
1.48 M USD 2
9-12 MONTHS
7. News
Alta Equipment Group Announces Preferred Stock Dividend
LIVONIA, Mich., April 03, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is April 30, 2025, to shareholders of record at the close of business on April 15, 2025.
globenewswire.com
- 4 weeks ago
Alta Equipment Group Inc. (ALTG) Q4 2024 Earnings Call Transcript
Alta Equipment Group Inc. (NYSE:ALTG ) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman & CEO Tony Colucci - Chief Financial Officer Conference Call Participants Canyon Hayes - DA Davidson Steven Ramsey - Thompson Research Group Ted Jackson - Northland Securities Operator Good afternoon, and thank you for attending the Alta Equipment Group Fourth Quarter and Full Year 2024 Earnings Conference Call. My name is Joule [ph] and I'll be your moderator for today's call.
seekingalpha.com
- 1 month ago
Alta Equipment (ALTG) Reports Q4 Loss, Tops Revenue Estimates
Alta Equipment (ALTG) came out with a quarterly loss of $0.34 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.08 per share a year ago.
zacks.com
- 1 month ago
Alta Equipment Group Announces Fourth Quarter and Full Year 2024 Financial Results and Provides Adjusted EBITDA Guidance for 2025
Equipment Fleet and Working Capital Management Generate Strong Fourth Quarter Cash Flows as Pressured Volumes and Gross Margins on Equipment Sales Drive Quarterly and Annual Earnings Decline Equipment Fleet and Working Capital Management Generate Strong Fourth Quarter Cash Flows as Pressured Volumes and Gross Margins on Equipment Sales Drive Quarterly and Annual Earnings Decline
globenewswire.com
- 1 month ago
Alta Equipment Group Announces Date of Fourth Quarter and Full Year 2024 Financial Results Release, Conference Call and Webcast
LIVONIA, Mich., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2024, after the U.S. markets close on Wednesday, March 5, 2025. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the Company's website, https://investors.altaequipment.com.
globenewswire.com
- 2 months ago
Alta Equipment Group Announces Common Stock Dividend
LIVONIA, Mich., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or "the Company"), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its common stock in the amount of $0.057 per share. The dividend payment date is February 28, 2025, to shareholders of record at the close of business on February 15, 2025.
globenewswire.com
- 2 months ago
Alta Equipment Group Announces Preferred Stock Dividend
LIVONIA, Mich., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is January 31, 2025, to shareholders of record at the close of business on January 15, 2025.
globenewswire.com
- 3 months ago
Alta Equipment Group: Weighing Potential Returns Against Material Uncertainty
Alta Equipment Group operates a compelling business model as an exclusive regional distributor and rental equipment provider for several construction and material handling OEM's. The company's management appears capable, but may be wearing rose-colored glasses when projecting future prospects. An investment in Alta provides an opportunity for great returns, but not without significant uncertainty and risk.
seekingalpha.com
- 4 months ago
New Strong Sell Stocks for November 22nd
ATI, AKBA and ALTG have been added to the Zacks Rank #5 (Strong Sell) List on November 22, 2024.
zacks.com
- 5 months ago
Alta Equipment Group Inc. (ALTG) Q3 2024 Earnings Call Transcript
Alta Equipment Group Inc. (NYSE:ALTG ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman & CEO Tony Colucci - Chief Financial Officer Conference Call Participants Canyon Hayes - D.A. Davidson Steven Ramsey - Thompson Research Group Ted Jackson - Northland Securities Min Cho - B.
seekingalpha.com
- 5 months ago
Alta Equipment (ALTG) Reports Q3 Loss, Lags Revenue Estimates
Alta Equipment (ALTG) came out with a quarterly loss of $0.86 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to earnings of $0.20 per share a year ago.
zacks.com
- 5 months ago
Alta Equipment Group Announces Third Quarter 2024 Financial Results
Third Quarter Financial Highlights: Total revenues decreased $17.4 million year over year to $448.8 million Construction Equipment and Material Handling revenues of $262.3 million and $168.9 million, respectively Product support revenues increased 7.8% year over year with Parts sales increasing to $75.6 million and Service revenues increasing to $64.6 million New and used equipment sales decreased 13.3% year over year to $219.8 million Net loss available to common stockholders of $(28.4) million Basic and diluted net loss per share of $(0.86) Adjusted basic and diluted net loss per share* of $(0.72) Adjusted EBITDA* of $43.2 million Third quarter 2024 net loss was impacted by a $14.0 million discrete tax expense from increasing the valuation allowance on our deferred tax assets, specifically related to 163(j) interest limitations Additionally, on October 30, 2024, the Company's Board of Directors approved an increase to the share buyback authorization from $12.5 million to $20.0 million LIVONIA, Mich., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”, "we", "our" or the “Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced financial results for the third quarter ended September 30, 2024.
globenewswire.com
- 5 months ago
8. Profile
Summary
Alta Equipment Group Inc. ALTG
COUNTRY
US
INDUSTRY
Rental & Leasing Services
MARKET CAP
$ 132 M
Dividend Yield
1.23%
Description
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. 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 aerial work platforms, earthmoving equipment, cranes, paving and asphalt equipment, and other material handling and construction equipment. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; and provides automated equipment installation and system integration solutions. It serves diversified manufacturing, food and beverage, wholesale/retail, construction, automotive, municipal/government, and medical sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.
Contact
13211 Merriman Road, Livonia, MI, 48150-1826
https://www.altaequipment.com
IPO
Date
April 25, 2019
Employees
2900
Officers
Mr. Craig Brubaker
Chief Operating Officer
Mr. Jeffrey A. Hoover
Chief Legal Officer & General Counsel
Mr. Alan Hammersley
President & Chief Executive Officer of NITCO
Mr. Ryan Greenawalt
Chief Executive Officer & Chairman
Mr. Andrew Rundle
Director of Finance
Jason Dammeyer
Director of SEC Reporting & Technical Accounting
Mr. Bob Kohler
President of Industrial Group
Paul Ivankovics
Vice President of Human Resources