Alta Equipment Group (ALTG) Scheduled to Post Earnings on Tuesday

Alta Equipment Group (NYSE:ALTG) is set to announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter.

Alta Equipment Group (NYSE:ALTG) last issued its earnings results on Wednesday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.34). The firm had revenue of $488.10 million during the quarter, compared to analysts’ expectations of $497.57 million. Alta Equipment Group had a negative return on equity of 13.09% and a negative net margin of 0.95%. During the same quarter last year, the business earned $0.16 EPS. On average, analysts expect Alta Equipment Group to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Alta Equipment Group Stock Performance

Shares of ALTG stock opened at $8.09 on Friday. The firm has a market capitalization of $267.70 million, a price-to-earnings ratio of -12.50 and a beta of 1.67. The company has a debt-to-equity ratio of 5.81, a current ratio of 1.37 and a quick ratio of 0.47. The business has a fifty day moving average of $6.40 and a 200 day moving average of $8.01. Alta Equipment Group has a 1 year low of $5.40 and a 1 year high of $13.67.

Alta Equipment Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.057 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.23 dividend on an annualized basis and a yield of 2.82%. Alta Equipment Group’s dividend payout ratio (DPR) is -35.94%.

Insiders Place Their Bets

In other Alta Equipment Group news, Director Andrew P. Studdert bought 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $5.65 per share, for a total transaction of $56,500.00. Following the transaction, the director now directly owns 86,591 shares of the company’s stock, valued at approximately $489,239.15. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Voss Capital, Lp sold 11,311 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $6.31, for a total transaction of $71,372.41. Following the transaction, the insider now directly owns 963,689 shares in the company, valued at $6,080,877.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew P. Studdert bought 10,000 shares of the stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $5.65 per share, for a total transaction of $56,500.00. Following the completion of the acquisition, the director now owns 86,591 shares in the company, valued at approximately $489,239.15. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 19.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ALTG shares. Raymond James restated a “market perform” rating and issued a $10.00 target price (down previously from $14.00) on shares of Alta Equipment Group in a research note on Friday, August 9th. DA Davidson cut their price target on Alta Equipment Group from $20.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th.

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.