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Alta Equipment Group NYSE:ALTG Stock Report

Last Price

US$12.95

Market Cap

US$422.9m

7D

-0.2%

1Y

-17.0%

Updated

28 Mar, 2024

Data

Company Financials +

Alta Equipment Group Inc.

NYSE:ALTG Stock Report

Market Cap: US$422.9m

ALTG Stock Overview

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States.

ALTG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance2/6
Financial Health3/6
Dividends1/6

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$12.95
52 Week HighUS$17.98
52 Week LowUS$8.76
Beta1.64
1 Month Change10.68%
3 Month Change4.69%
1 Year Change-17.04%
3 Year Change-3.29%
5 Year Changen/a
Change since IPO33.51%

Recent News & Updates

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)

Recent updates

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

Alta Equipment Group to acquire privately held Yale Industrial Trucks

Jul 06

Our First Take On Alta Equipment Group

Dec 01

Alta Equipment Group (NYSE:ALTG) Is Reinvesting At Lower Rates Of Return

Nov 30
Alta Equipment Group (NYSE:ALTG) Is Reinvesting At Lower Rates Of Return

Earnings Update: Here's Why Analysts Just Lifted Their Alta Equipment Group Inc. (NYSE:ALTG) Price Target To US$17.50

Aug 15
Earnings Update: Here's Why Analysts Just Lifted Their Alta Equipment Group Inc. (NYSE:ALTG) Price Target To US$17.50

These 4 Measures Indicate That Alta Equipment Group (NYSE:ALTG) Is Using Debt In A Risky Way

Aug 12
These 4 Measures Indicate That Alta Equipment Group (NYSE:ALTG) Is Using Debt In A Risky Way

There Are Reasons To Feel Uneasy About Alta Equipment Group's (NYSE:ALTG) Returns On Capital

May 26
There Are Reasons To Feel Uneasy About Alta Equipment Group's (NYSE:ALTG) Returns On Capital

Alta Equipment Group (NYSE:ALTG) Has Debt But No Earnings; Should You Worry?

Mar 31
Alta Equipment Group (NYSE:ALTG) Has Debt But No Earnings; Should You Worry?

Shareholder Returns

ALTGUS Trade DistributorsUS Market
7D-0.2%-0.7%0.2%
1Y-17.0%54.4%28.1%

Return vs Industry: ALTG underperformed the US Trade Distributors industry which returned 54.8% over the past year.

Return vs Market: ALTG underperformed the US Market which returned 28.8% over the past year.

Price Volatility

Is ALTG's price volatile compared to industry and market?
ALTG volatility
ALTG Average Weekly Movement6.0%
Trade Distributors Industry Average Movement5.2%
Market Average Movement6.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: ALTG has not had significant price volatility in the past 3 months.

Volatility Over Time: ALTG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19843,000Ryan Greenawalthttps://www.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$422.86m
Earnings (TTM)US$5.90m
Revenue (TTM)US$1.88b

72.0x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ALTG income statement (TTM)
RevenueUS$1.88b
Cost of RevenueUS$1.37b
Gross ProfitUS$507.20m
Other ExpensesUS$501.30m
EarningsUS$5.90m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin27.02%
Net Profit Margin0.31%
Debt/Equity Ratio687.2%

How did ALTG perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

125%

Payout Ratio
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