Alta Equipment Group (ALTG) Expected to Announce Quarterly Earnings on Thursday

Alta Equipment Group (NYSE:ALTG) is expected to issue its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.31) per share and revenue of $485.48 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Alta Equipment Group Price Performance

Shares of ALTG stock opened at $5.08 on Thursday. Alta Equipment Group has a twelve month low of $4.65 and a twelve month high of $13.67. The stock has a market capitalization of $168.77 million, a price-to-earnings ratio of -2.99 and a beta of 1.81. The stock has a fifty day simple moving average of $6.79 and a two-hundred day simple moving average of $6.81. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt-to-equity ratio of 7.45.

Alta Equipment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Saturday, February 15th were paid a dividend of $0.057 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Friday, February 14th. Alta Equipment Group’s dividend payout ratio (DPR) is currently -12.94%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ALTG shares. Raymond James decreased their price objective on Alta Equipment Group from $10.00 to $9.00 and set a “market perform” rating for the company in a research note on Thursday, November 14th. Northland Securities restated a “market perform” rating and set a $20.00 price objective (down from $30.00) on shares of Alta Equipment Group in a research note on Wednesday, November 13th. Finally, Northland Capmk cut Alta Equipment Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alta Equipment Group currently has a consensus rating of “Hold” and an average price target of $15.75.

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.