Alta Equipment Group (ALTG) AI Stock Analysis

• Market Cap: $188.12M
• Dividend Yield: 4.68%
• Average Volume (3M): 207.81K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.00
• Revenue Growth: -3.95%
• EPS Growth: -47.70%
• Country: US
• Employees: 2,900
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): -1.31
• Shares Outstanding: 32,047,943
• 10 Day Avg. Volume: 168,489
• 30 Day Avg. Volume: 207,812
• PEG Ratio: <0.01
• Price to Book (P/B): 2.80
• Price to Sales (P/S): 0.12
• P/FCF Ratio: -16.07
• Enterprise Value/Market Cap: 7.37
• Enterprise Value/Revenue: 0.76
• Enterprise Value/Gross Profit: 2.94
• Enterprise Value/Ebitda: 11.82
• 1Y Price Target: $10.44
• Price Target Upside: 113.93% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $4.50 ▼(-7.79% Downside)

Alta Equipment Group's overall stock score reflects significant financial and technical challenges, with declining revenues and bearish technical indicators. While the earnings call highlighted some positive developments, such as strong October sales and cost reductions, the company's high leverage and profitability issues weigh heavily on its score. The valuation offers a mixed picture with a high dividend yield but negative P/E ratio.

Positive Factors

Strong October Sales

The robust sales in October indicate a potential recovery in the Construction Equipment segment, suggesting improved market conditions and demand.

Cost Reduction Initiatives

Effective cost reduction enhances operational efficiency, providing Alta with better margins and financial flexibility to navigate market challenges.

Stable Material Handling Backlog

A strong backlog ensures steady future revenue streams, offering Alta a buffer against short-term market fluctuations and supporting long-term planning.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting Alta's ability to invest in growth opportunities and manage economic downturns effectively.

Declining Revenue

Declining revenue reflects operational challenges and market pressures, which could hinder Alta's growth prospects and competitive positioning.

Negative Profit Margins

Negative profit margins highlight profitability issues, suggesting Alta may struggle to generate sustainable earnings and shareholder value in the near term.

Alta Equipment Group Business Overview & Revenue Model

Company Description

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. 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 aerial work platforms, earthmoving equipment, cranes, paving and asphalt equipment, and other material handling and construction equipment. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; and provides automated equipment installation and system integration solutions. It serves diversified manufacturing, food and beverage, wholesale/retail, construction, automotive, municipal/government, and medical sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.

How the Company Makes Money

Alta Equipment Group generates revenue through multiple key streams. The primary source comes from the sale and rental of heavy equipment and machinery, where the company offers both new and used equipment to meet customer needs. Additionally, Alta earns significant income from providing parts and maintenance services for the equipment it sells and rents. The company has established partnerships with major manufacturers, which not only enhances its product offerings but also strengthens its market position. Furthermore, Alta benefits from long-term rental agreements and service contracts, providing a steady cash flow. Overall, the combination of equipment sales, rentals, parts sales, and service contracts forms the backbone of Alta's revenue model.

Alta Equipment Group Financial Statement Overview

Summary

Alta Equipment Group faces significant financial challenges, with declining revenues, high leverage, and profitability issues. The company needs to address its operational inefficiencies and manage its debt levels to improve its financial health. While there are some positive cash flow aspects, the overall financial position remains precarious.

Income Statement

Alta Equipment Group's income statement shows a challenging financial position with declining revenue and negative net profit margins. The TTM (Trailing-Twelve-Months) data indicates a significant revenue decline of 37.1% and a net loss, reflecting operational difficulties. Despite a reasonable gross profit margin, the negative net profit margin and declining EBIT and EBITDA margins highlight profitability challenges.

Balance Sheet

The balance sheet reveals high leverage with a debt-to-equity ratio of 8.05 in the TTM period, indicating significant financial risk. The negative return on equity further underscores the company's struggles to generate returns for shareholders. The equity ratio is low, reflecting limited equity buffer against liabilities.

Cash Flow

Cash flow analysis shows some improvement in operating cash flow, but free cash flow remains volatile and negative in prior periods. The operating cash flow to net income ratio is positive, suggesting some ability to generate cash from operations, but the free cash flow to net income ratio indicates challenges in converting profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.82B	1.88B	1.88B	1.57B	1.21B	873.60M
Gross Profit	471.60M	493.70M	507.20M	419.60M	314.40M	214.50M
EBITDA	117.30M	159.50M	192.10M	154.40M	102.60M	68.20M
Net Income	-79.20M	-62.10M	8.90M	9.30M	-20.80M	-24.00M
Balance Sheet
Total Assets	1.43B	1.48B	1.57B	1.29B	982.60M	746.20M
Cash, Cash Equivalents and Short-Term Investments	14.10M	13.40M	31.00M	2.70M	2.30M	1.20M
Total Debt	1.22B	1.20B	1.18B	921.80M	679.40M	459.40M
Total Liabilities	1.43B	1.40B	1.42B	1.15B	847.90M	589.30M
Stockholders Equity	2.90M	77.60M	149.70M	139.80M	134.70M	156.90M
Cash Flow
Free Cash Flow	-9.60M	-13.50M	-16.20M	-58.20M	-19.70M	-80.90M
Operating Cash Flow	31.50M	57.00M	58.40M	18.50M	30.70M	-35.00M
Investing Cash Flow	-16.60M	-56.20M	-117.40M	-155.10M	-113.40M	-227.90M
Financing Cash Flow	-16.20M	-17.90M	87.30M	136.90M	83.80M	264.10M

Alta Equipment Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALTG, the sentiment is Negative. The current price of 4.88 is below the 20-day moving average (MA) of 5.03, below the 50-day MA of 6.01, and below the 200-day MA of 6.13, indicating a bearish trend. The MACD of -0.42 indicates Negative momentum. The RSI at 41.41 is Neutral, neither overbought nor oversold. The STOCH value of 89.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ALTG.

Alta Equipment Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AL	73 Outperform	$7.14B	7.41	12.74%	1.38%	9.67%	96.43%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
R	61 Neutral	$6.96B	14.63	16.26%	1.99%	1.68%	9.91%
HRI	58 Neutral	$4.57B	―	-4.05%	2.06%	19.40%	-120.47%
MGRC	58 Neutral	$2.56B	17.58	12.70%	1.87%	4.77%	-35.44%
CTOS	49 Neutral	$1.47B	―	-3.00%	―	7.39%	34.57%
ALTG	48 Neutral	$188.12M	-2.85	-160.65%	4.68%	-3.95%	-47.70%

Alta Equipment Group Corporate Events

Alta Equipment Group’s Mixed Q3: Challenges and Optimism

The recent earnings call for Alta Equipment Group, Inc. painted a mixed picture of the company’s current performance and future prospects. While there were notable successes, such as robust October sales in the Construction segment and stable Product Support revenues, these were tempered by ongoing challenges including reduced equipment sales and tariff impacts. Despite these hurdles, the company’s strategic cost reductions and a positive outlook for the fourth quarter and beyond provide a sense of optimism.

Alta Equipment Group Reports Q3 2025 Financial Results

Alta Equipment Group Inc., a prominent player in the North American equipment dealership industry, specializes in the sale, rental, and servicing of material handling, construction, and environmental processing equipment.

Alta Equipment Group Declares Quarterly Dividend

On October 3, 2025, Alta Equipment Group Inc. announced that its Board of Directors declared a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock. This translates to a dividend of $0.625 for each Depositary Share, with a record date of October 15, 2025, and a payment date of October 31, 2025. This announcement underscores Alta’s commitment to providing returns to its shareholders and may enhance investor confidence in the company’s financial stability.

The most recent analyst rating on (ALTG) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Alta Equipment Group stock, see the ALTG Stock Forecast page.