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

Alta Equipment Group Inc. (NYSE:ALTG) – Investment analysts at B. Riley issued their Q1 2025 earnings per share estimates for Alta Equipment Group in a report issued on Wednesday, March 26th. B. Riley analyst L. Burke forecasts that the company will earn ($0.58) per share 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 decreased 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 note on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.63.

Alta Equipment Group Stock Performance

Alta Equipment Group stock opened at $4.60 on Monday. The company has a market cap of $150.99 million, a PE ratio of -2.70 and a beta of 1.81. 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 has a 1 year low of $4.45 and a 1 year high of $13.67. The company’s 50-day moving average is $6.20 and its two-hundred day moving average is $6.64.

Alta Equipment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Saturday, February 15th were given a dividend of $0.057 per share. 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 presently -11.22%.

Insider Activity

In related news, COO Craig Brubaker sold 5,294 shares of the firm’s 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 transaction, the chief operating officer now directly owns 98,640 shares of the company’s stock, valued at approximately $493,200. This trade represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC bought a new stake in shares of Alta Equipment Group during the fourth quarter worth $937,000. Janus Henderson Group PLC grew its position in Alta Equipment Group by 12.8% during the 4th quarter. Janus Henderson Group PLC now owns 51,469 shares of the company’s stock worth $337,000 after acquiring an additional 5,828 shares during the last quarter. CastleKnight Management LP increased its holdings in Alta Equipment Group by 70.2% in the 4th quarter. CastleKnight Management LP now owns 540,986 shares of the company’s stock worth $3,538,000 after purchasing an additional 223,072 shares in the last quarter. Bridgeway Capital Management LLC raised its position in Alta Equipment Group by 26.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 81,900 shares of the company’s stock valued at $536,000 after purchasing an additional 16,900 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Alta Equipment Group by 148.0% during the fourth quarter. Bank of America Corp DE now owns 187,813 shares of the company’s stock valued at $1,228,000 after purchasing an additional 112,092 shares in the last quarter. Institutional investors and hedge funds own 73.58% of the company’s stock.

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.