Alta Equipment Group Inc.

Equities

ALTG

US02128L1061

Industrial Machinery & Equipment

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
11.69 ^USD	+2.19%		+0.86%	-5.50%

Apr. 12	Alta Equipment Group Inc. Announces Board and Committee Changes	CI
Mar. 15	B. Riley Securities Lowers Alta Equipment Group's PT to $22 From $25, Modestly Reduces 2024 Estimates Given Slow Q1 Start; Maintains Buy Rating	MT

Alta Equipment Group Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

March 14, 2024 at 04:15 pm EDT

Alta Equipment Group Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 55.3 million compared to USD 48.6 million a year ago. Revenue was USD 521.5 million compared to USD 428.6 million a year ago.

Net loss was USD 1.9 million compared to USD 0.7 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to USD 0.05 a year ago.

Latest news about Alta Equipment Group Inc.

Alta Equipment Group Inc. Announces Board and Committee Changes	Apr. 12	CI
B. Riley Securities Lowers Alta Equipment Group's PT to $22 From $25, Modestly Reduces 2024 Estimates Given Slow Q1 Start; Maintains Buy Rating	Mar. 15	MT
Transcript : Alta Equipment Group Inc., Q4 2023 Earnings Call, Mar 14, 2024	Mar. 14
Alta Equipment Group Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 14	CI
Earnings Flash (ALTG) ALTA EQUIPMENT GROUP Reports Q4 Revenue $521.5M, vs. Street Est of $483.7M	Mar. 14	MT
Earnings Flash (ALTG) ALTA EQUIPMENT GROUP Posts Q4 EPS $0.03, vs. Street Est of $0.03	Mar. 14	MT
Alta Equipment Group Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Mar. 14	CI
Alta Equipment Group Inc. Appoints Sidhartha Nair as Director	Feb. 26	CI
Alta Equipment Group Maintains Quarterly Dividend at $0.057 Per Share; Payable Feb. 29 to Shareholders of Record on Feb. 15	Feb. 02	MT
Alta Equipment Group Announces Quarterly Dividend, Payable on February 29, 2024	Feb. 02	CI
Alta Equipment Names Jeff Hoover as Chief Legal Officer	Jan. 22	MT
Alta Equipment Group Inc. Appoints Jeff Hoover as Chief Legal Officer and General Counsel	Jan. 22	CI
Alta Equipment Group Insider Bought Shares Worth $109,936, According to a Recent SEC Filing	Nov. 17	MT
Transcript : Alta Equipment Group Inc., Q3 2023 Earnings Call, Nov 08, 2023	Nov. 08
Earnings Flash (ALTG) ALTA EQUIPMENT GROUP Reports Q3 Revenue $466.2M, vs. Street Est of $462M	Nov. 08	MT
Earnings Flash (ALTG) ALTA EQUIPMENT GROUP Posts Q3 EPS $0.36, vs. Street Est of $0.11	Nov. 08	MT
Tranche Update on Alta Equipment Group Inc.'s Equity Buyback Plan announced on July 12, 2022.	Nov. 08	CI
Alta Equipment Group Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 08	CI
Alta Equipment Group Inc Approves Quarterly Dividend, Payment Date Is November 30, 2023	Nov. 03	CI
Alta Equipment Buys Ault Industries for $36 Million	Nov. 02	MT
Alta Equipment Group Inc. acquired Ault Industries Inc. from Jackson M. Ault for $36 million.	Nov. 01	CI
Alta Equipment Group Inc. completed the acquisition of the Assets of Burris Equipment Company for $16.7 million.	23-10-12	CI
Alta Equipment Group to Acquire Burris Equipment for $14 Million	23-09-28	MT
Alta Equipment Group Inc. entered into a definitive agreement to acquire the Assets of Burris Equipment Company for $14 million.	23-09-27	CI
Certain Common Stock of Alta Equipment Group Inc. are subject to a Lock-Up Agreement Ending on 19-SEP-2023.	23-09-18	CI

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Company Profile

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms. Through its branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks, heavy and compact earthmoving equipment, environmental processing equipment, and other material handling and construction equipment. The Company operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The Material Handling segment is principally engaged in operations related to the sale, service, and rental of lift trucks and other material handling equipment. The Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment. The Master Distribution segment is principally engaged in large-scale equipment distribution rights with sub-dealers throughout North America related to environmental processing equipment.

Sector

Industrial Machinery & Equipment

Calendar

2024-05-08 - Q1 2024 Earnings Release

Related indices

Russell 2000

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Ratings for Alta Equipment Group Inc.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.69 USD

Average target price

22.19 USD

Spread / Average Target

+89.85%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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