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Alta Equipment Group NYSE:ALTG Stock Report

Last Price

US$6.14

Market Cap

US$190.6m

7D

-3.8%

1Y

-43.8%

Updated

11 Oct, 2024

Data

Company Financials +

Alta Equipment Group Inc.

NYSE:ALTG Stock Report

Market Cap: US$190.6m

Alta Equipment Group Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Alta Equipment Group
Historical stock prices
Current Share PriceUS$6.14
52 Week HighUS$13.67
52 Week LowUS$5.40
Beta1.67
11 Month Change2.85%
3 Month Change-31.63%
1 Year Change-43.82%
33 Year Change-54.75%
5 Year Change-38.04%
Change since IPO-36.70%

Recent News & Updates

Recent updates

Here's What's Concerning About Alta Equipment Group's (NYSE:ALTG) Returns On Capital

Sep 17
Here's What's Concerning About Alta Equipment Group's (NYSE:ALTG) Returns On Capital

Alta Equipment Group: More Than 100% Upside As Cash Piles Up In Coming Quarters

Aug 27

Alta Equipment Group (NYSE:ALTG) Has No Shortage Of Debt

Aug 26
Alta Equipment Group (NYSE:ALTG) Has No Shortage Of Debt

Alta Equipment Group (NYSE:ALTG) Will Pay A Dividend Of $0.057

Aug 05
Alta Equipment Group (NYSE:ALTG) Will Pay A Dividend Of $0.057

Investors Still Aren't Entirely Convinced By Alta Equipment Group Inc.'s (NYSE:ALTG) Revenues Despite 27% Price Jump

Jul 17
Investors Still Aren't Entirely Convinced By Alta Equipment Group Inc.'s (NYSE:ALTG) Revenues Despite 27% Price Jump

Returns On Capital At Alta Equipment Group (NYSE:ALTG) Paint A Concerning Picture

Jun 05
Returns On Capital At Alta Equipment Group (NYSE:ALTG) Paint A Concerning Picture

Benign Growth For Alta Equipment Group Inc. (NYSE:ALTG) Underpins Stock's 31% Plummet

May 14
Benign Growth For Alta Equipment Group Inc. (NYSE:ALTG) Underpins Stock's 31% Plummet

Greenhaven Road Capital - Alta Equipment Group: A Razor/Razorblade Model Free Cash Flow Generator

May 01

Is Now The Time To Look At Buying Alta Equipment Group Inc. (NYSE:ALTG)?

Apr 17
Is Now The Time To Look At Buying Alta Equipment Group Inc. (NYSE:ALTG)?

Weak Statutory Earnings May Not Tell The Whole Story For Alta Equipment Group (NYSE:ALTG)

Mar 22
Weak Statutory Earnings May Not Tell The Whole Story For Alta Equipment Group (NYSE:ALTG)

Alta Equipment Group (NYSE:ALTG) Has Affirmed Its Dividend Of $0.057

Feb 05
Alta Equipment Group (NYSE:ALTG) Has Affirmed Its Dividend Of $0.057

Alta Equipment: Debt And Control Concerns Mitigate The Gains From Acquisitions

Jan 12

Alta Equipment Group (NYSE:ALTG) Is Paying Out A Dividend Of $0.057

Aug 11
Alta Equipment Group (NYSE:ALTG) Is Paying Out A Dividend Of $0.057

Alta Equipment Looks Cheap: Proven Model, M&A, And Online Efforts

Jul 27

Estimating The Intrinsic Value Of Alta Equipment Group Inc. (NYSE:ALTG)

May 16
Estimating The Intrinsic Value Of Alta Equipment Group Inc. (NYSE:ALTG)

When Should You Buy Alta Equipment Group Inc. (NYSE:ALTG)?

Apr 06
When Should You Buy Alta Equipment Group Inc. (NYSE:ALTG)?

Alta Equipment declares $0.057 dividend

Feb 01

Alta Equipment Group to acquire Ecoverse Industries

Oct 18

Alta Equipment: Multiple Tailwinds

Sep 26

At US$12.93, Is Alta Equipment Group Inc. (NYSE:ALTG) Worth Looking At Closely?

Sep 09
At US$12.93, Is Alta Equipment Group Inc. (NYSE:ALTG) Worth Looking At Closely?

Alta Equipment Group (NYSE:ALTG) Will Be Hoping To Turn Its Returns On Capital Around

Jul 19
Alta Equipment Group (NYSE:ALTG) Will Be Hoping To Turn Its Returns On Capital Around

Alta Equipment initiates $0.057 dividend, to buyback $12.5M shares

Jul 12

Shareholder Returns

ALTGUS Trade DistributorsUS Market
7D-3.8%0.9%1.2%
1Y-43.8%30.3%31.9%

Return vs Industry: ALTG underperformed the US Trade Distributors industry which returned 30.3% over the past year.

Return vs Market: ALTG underperformed the US Market which returned 31.9% over the past year.

Price Volatility

Is ALTG's price volatile compared to industry and market?
ALTG volatility
ALTG Average Weekly Movement10.7%
Trade Distributors Industry Average Movement6.0%
Market Average Movement6.4%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market3.1%

Stable Share Price: ALTG's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: ALTG's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
19843,000Ryan Greenawaltwww.altg.com

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.

Alta Equipment Group Inc. Fundamentals Summary

How do Alta Equipment Group's earnings and revenue compare to its market cap?
ALTG fundamental statistics
Market capUS$190.61m
Earnings (TTM)-US$21.30m
Revenue (TTM)US$1.92b

0.1x

P/S Ratio

-9.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ALTG income statement (TTM)
RevenueUS$1.92b
Cost of RevenueUS$1.41b
Gross ProfitUS$511.70m
Other ExpensesUS$533.00m
Earnings-US$21.30m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.64
Gross Margin26.69%
Net Profit Margin-1.11%
Debt/Equity Ratio879.6%

How did ALTG perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

-35%

Payout Ratio