Alta Equipment Group Inc.

NYSE:ALTG Stock Report

Market Cap: US$413.3m

Alta Equipment Group Past Earnings Performance

Past criteria checks 2/6

Alta Equipment Group has been growing earnings at an average annual rate of 48.4%, while the Trade Distributors industry saw earnings growing at 23.5% annually. Revenues have been growing at an average rate of 28.2% per year. Alta Equipment Group's return on equity is 5.9%, and it has net margins of 0.3%.

Key information

48.4%

Earnings growth rate

86.4%

EPS growth rate

Trade Distributors Industry Growth23.4%
Revenue growth rate28.2%
Return on equity5.9%
Net Margin0.3%
Last Earnings Update31 Dec 2023

Recent past performance 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?

Revenue & Expenses Breakdown
Beta

How Alta Equipment Group makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:ALTG Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 231,87764300
30 Sep 231,78474120
30 Jun 231,72354000
31 Mar 231,66193830
31 Dec 221,57263620
30 Sep 221,50073440
30 Jun 221,39023220
31 Mar 221,276-203040
31 Dec 211,213-232860
30 Sep 211,137-252790
30 Jun 211,063-242650
31 Mar 21962-132370
31 Dec 20874-242160
30 Sep 20763-271880
30 Jun 20692-541670
31 Mar 20636-501560
31 Dec 19557-351380
30 Sep 19504-281200
31 Dec 184132920
31 Dec 173456750

Quality Earnings: ALTG has high quality earnings.

Growing Profit Margin: ALTG's current net profit margins (0.3%) are lower than last year (0.4%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: ALTG has become profitable over the past 5 years, growing earnings by 48.4% per year.

Accelerating Growth: ALTG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ALTG had negative earnings growth (-6.3%) over the past year, making it difficult to compare to the Trade Distributors industry average (4.2%).


Return on Equity

High ROE: ALTG's Return on Equity (5.9%) is considered low.


Return on Assets


Return on Capital Employed


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