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

Alta Equipment Group Inc. (NYSE:ALTG) – B. Riley issued their Q1 2025 earnings per share (EPS) estimates for Alta Equipment Group in a research report issued on Wednesday, March 26th. B. Riley analyst L. Burke expects that the company will post earnings per share of ($0.58) for the quarter. B. Riley currently 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 reduced their target price on shares of Alta Equipment Group from $9.00 to $8.50 and set a “market perform” rating for the company in a report on Monday, March 10th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Alta Equipment Group currently has an average rating of “Moderate Buy” and an average price target of $12.63.

Alta Equipment Group Trading Up 2.7 %

Shares of Alta Equipment Group stock opened at $4.71 on Monday. Alta Equipment Group has a 1 year low of $4.35 and a 1 year high of $13.67. The company has a market capitalization of $154.90 million, a price-to-earnings ratio of -2.77 and a beta of 1.81. The business has a fifty day simple moving average of $6.15 and a two-hundred day simple moving average of $6.63. The company has a debt-to-equity ratio of 7.45, a current ratio of 1.35 and a quick ratio of 0.43.

Alta Equipment Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Saturday, February 15th were paid a $0.057 dividend. This represents a $0.23 annualized dividend and a dividend yield of 4.84%. The ex-dividend date was Friday, February 14th. Alta Equipment Group’s dividend payout ratio (DPR) is currently -11.22%.

Insider Buying and Selling

In other Alta Equipment Group news, COO Craig Brubaker sold 5,294 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $5.00, for a total transaction of $26,470.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 19.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD bought a new position in shares of Alta Equipment Group in the 4th quarter valued at $69,000. Intech Investment Management LLC acquired a new stake in Alta Equipment Group in the fourth quarter valued at about $79,000. Wells Fargo & Company MN grew its position in Alta Equipment Group by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 12,533 shares of the company’s stock valued at $82,000 after acquiring an additional 4,272 shares during the last quarter. SG Americas Securities LLC grew its position in Alta Equipment Group by 20.8% in the fourth quarter. SG Americas Securities LLC now owns 13,784 shares of the company’s stock valued at $90,000 after acquiring an additional 2,375 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in Alta Equipment Group by 49.4% during the fourth quarter. MetLife Investment Management LLC now owns 20,313 shares of the company’s stock worth $133,000 after acquiring an additional 6,716 shares in the last quarter. 73.58% of the stock is currently owned by institutional investors and hedge funds.

About Alta Equipment Group

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.