What is B. Riley’s Forecast for ALTG Q2 Earnings?

Alta Equipment Group Inc. (NYSE:ALTG) – Equities researchers at B. Riley issued their Q2 2025 EPS estimates for shares of Alta Equipment Group in a research note issued on Wednesday, March 26th. B. Riley analyst L. Burke forecasts that the company will post earnings of ($0.30) per share 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 Q3 2025 earnings at ($0.30) EPS.

Separately, Raymond James lowered their price objective on Alta Equipment Group from $9.00 to $8.50 and set a “market perform” rating for the company in a research report on Monday, March 10th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.63.

Alta Equipment Group Stock Performance

Shares of ALTG stock opened at $4.60 on Friday. The company has a market cap of $150.99 million, a P/E ratio of -2.70 and a beta of 1.81. The firm has a fifty day moving average price of $6.20 and a 200 day moving average price of $6.63. 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 has a 12 month low of $4.45 and a 12 month high of $13.67.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Mill Road Capital Management LLC grew its position in Alta Equipment Group by 18.2% in the 3rd quarter. Mill Road Capital Management LLC now owns 4,213,208 shares of the company’s stock valued at $28,397,000 after buying an additional 650,214 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of 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 in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Alta Equipment Group by 167.8% during the third quarter. JPMorgan Chase & Co. now owns 51,418 shares of the company’s stock worth $347,000 after acquiring an additional 32,218 shares during the period. Paloma Partners Management Co purchased a new position in Alta Equipment Group during the third quarter worth about $2,646,000. Finally, Barclays PLC lifted its position in Alta Equipment Group by 302.8% in the third quarter. Barclays PLC now owns 38,327 shares of the company’s stock valued at $258,000 after purchasing an additional 28,812 shares during the period. Institutional investors and hedge funds own 73.58% of the company’s stock.

Insider Buying and Selling

In other Alta Equipment Group news, COO Craig Brubaker sold 5,294 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $5.00, for a total transaction of $26,470.00. Following the completion of the sale, the chief operating officer now directly owns 98,640 shares of the company’s stock, valued at $493,200. This represents a 5.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 19.90% of the stock is owned by company insiders.

Alta Equipment Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Saturday, February 15th were given a $0.057 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.23 annualized dividend and a yield of 4.96%. Alta Equipment Group’s dividend payout ratio (DPR) is -11.22%.

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.