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

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

Alta Equipment Group Stock Performance

Alta Equipment Group stock opened at $4.57 on Monday. The company has a debt-to-equity ratio of 7.45, a current ratio of 1.35 and a quick ratio of 0.43. The company has a market cap of $150.04 million, a P/E ratio of -2.69 and a beta of 1.81. Alta Equipment Group has a fifty-two week low of $4.35 and a fifty-two week high of $13.67. The firm’s 50 day simple moving average is $6.09 and its 200-day simple moving average is $6.62.

Institutional Trading of Alta Equipment Group

A number of institutional investors have recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of Alta Equipment Group by 1.5% in the 4th quarter. LPL Financial LLC now owns 118,942 shares of the company’s stock valued at $778,000 after buying an additional 1,774 shares in the last quarter. Rhumbline Advisers boosted its holdings in Alta Equipment Group by 5.7% in the fourth quarter. Rhumbline Advisers now owns 33,968 shares of the company’s stock worth $222,000 after purchasing an additional 1,827 shares in the last quarter. SkyView Investment Advisors LLC increased its position in Alta Equipment Group by 5.2% during the third quarter. SkyView Investment Advisors LLC now owns 47,576 shares of the company’s stock worth $321,000 after buying an additional 2,351 shares during the last quarter. SG Americas Securities LLC raised its holdings in Alta Equipment Group by 20.8% during the fourth quarter. SG Americas Securities LLC now owns 13,784 shares of the company’s stock valued at $90,000 after buying an additional 2,375 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Alta Equipment Group by 10.8% during the 4th quarter. Barclays PLC now owns 42,479 shares of the company’s stock valued at $278,000 after acquiring an additional 4,152 shares during the last quarter. Institutional investors and hedge funds own 73.58% of the company’s stock.

Insider Transactions at Alta Equipment Group

In other news, COO Craig Brubaker sold 5,294 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $5.00, for a total value of $26,470.00. Following the transaction, the chief operating officer now directly owns 98,640 shares of the company’s stock, valued at approximately $493,200. This represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.90% of the stock is owned by insiders.

Alta Equipment Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Saturday, February 15th were issued a $0.057 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 4.99%. Alta Equipment Group’s dividend payout ratio is -11.22%.

Alta Equipment Group Company Profile

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.