Want to see ALTG full AI Analyst Report?
Top Page
Alta Equipment Group
(NYSE:ALTG)
Select Model
Select Model
Rating:46Neutral
Price Target:
$6.00
▼(-14.29% Downside)
Action:Reiterated
Date:07/03/26
ALTG scores below average primarily due to weak financial quality (negative profitability and elevated balance-sheet risk from high leverage/negative equity) and a bearish technical trend (price below major moving averages). The score is partially supported by improved recent cash flow and a cautiously positive earnings-call outlook pointing to margin/booking improvements and continued deleveraging, but these positives are not yet strong enough to offset the core risks.
Positive Factors
Improved cash generation
Alta’s recent shift to positive TTM operating and free cash flow represents a durable improvement in core cash generation versus prior years. Stronger cash conversion supports ongoing operations, funds targeted rental disposals and debt paydown, and provides a steadier base for capital allocation and preferred dividends over the medium term.
Negative Factors
Weakened balance sheet / negative equity
Negative trailing equity and elevated absolute debt levels materially weaken Alta’s capitalization and reduce financial buffers. This structural impairment constrains strategic flexibility, increases refinancing and covenant risk, and amplifies earnings volatility from shocks, making sustained recovery hinged on credible deleveraging execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Alta’s recent shift to positive TTM operating and free cash flow represents a durable improvement in core cash generation versus prior years. Stronger cash conversion supports ongoing operations, funds targeted rental disposals and debt paydown, and provides a steadier base for capital allocation and preferred dividends over the medium term.
Read all positive factors
Alta Equipment Group (ALTG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$201.39M
Dividend Yield4.88%
Average Volume (3M)207.81K
Price to Earnings (P/E)―
Beta (1Y)2.20
Revenue Growth-1.86%
EPS Growth-13.02%
CountryUS
Employees2,900
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)-2.53
Shares Outstanding32,535,540
10 Day Avg. Volume168,489
30 Day Avg. Volume207,812
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)-17.10
Price to Sales (P/S)0.08
P/FCF Ratio-8.36
Enterprise Value/Market Cap6.88
Enterprise Value/Revenue0.76
Enterprise Value/Gross Profit2.95
Enterprise Value/Ebitda14.71
Forecast
1Y Price Target
$12.50Price Target Upside78.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.12
Revenue Forecast (FY)$1.89B
Alta Equipment Group Business Overview & Revenue Model
Company Description
Alta Equipment Group Inc. (AEG) manages a comprehensive network of equipment dealerships throughout the United States. Its operations are divided into two primary divisions: Material Handling and Construction Equipment. Through its widespread bran...
How the Company Makes Money
Alta Equipment Group primarily generates revenue from (1) equipment sales, (2) rentals, and (3) aftermarket support/services. Equipment sales include the distribution of new equipment from original equipment manufacturers (OEMs) as well as used eq...
Alta Equipment Group Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call balanced short-term headwinds (Q1 revenue decline, weather disruption, a below-expectations EBITDA print, rental transition and one-time healthcare cost pressure) against several constructive developments (strong bookings momentum in Material Handling, 240 bps gross margin improvement, positive cash flow generation, reduced interest expense, rental fleet deleveraging progress, Ecoverse tariff relief and an updated but achievable FY guidance range). Management emphasized disciplined capital allocation, improving forward indicators and operational actions that support recovery through the year.Positive Updates
Revenue and Top-Line
Total revenues of $410.5 million in Q1 FY2026 (reported down ~3% YoY; ~2.1% organic decline versus prior year), reflecting a modest sequential/seasonal setback but stable overall scale.
Negative Updates
Q1 Revenue Pressure from Pull-Forward and Weather
Q1 was negatively impacted by meaningful pull-forward of equipment sales into Q4 2025 (tax-driven) and unusually harsh winter in Midwest/Northeast that constrained field service, parts demand and rental utilization—contributing to the YoY revenue decline.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and Top-Line
Total revenues of $410.5 million in Q1 FY2026 (reported down ~3% YoY; ~2.1% organic decline versus prior year), reflecting a modest sequential/seasonal setback but stable overall scale.
Read all positive updates
Company Guidance
Alta updated FY2026 guidance to adjusted EBITDA of $167.5M–$182.5M (a $5M trim at each end) and free cash flow before rent‑to‑sell decisioning of $100M–$110M (both expected to be back‑half weighted), with a year‑end net leverage target below 4.5x. That outlook is anchored by Q1 results and improving KPIs: Q1 revenue was $410.5M (down ~3% YoY, ~2.1% organic) with adjusted EBITDA of $28.1M, GAAP operating cash flow of $20.8M (up $38.3M YoY), interest expense down $2.4M to $19.5M, and a 240‑bp quarter‑over‑quarter improvement in new/used equipment gross margins. Management cited Material Handling bookings up >20% in the quarter (March was the strongest booking month since June 2023), Construction revenue of $244.3M, Ecoverse revenue of $17.1M with tariff headwinds easing, and rental actions — gross book value reduced ~$59.5M to $524.6M, $30M of disposals in Q1 with ~another $30M targeted to reach sub‑$500M by year‑end, April added ~$25M more fleet on rent vs March — with rental utilization targets in the high‑60s (dollar‑weighted) and financial utilization mid‑ to high‑30s underpinning the updated guide.Alta Equipment Group Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.82B | 1.84B | 1.88B | 1.88B | 1.57B | 1.21B |
| Gross Profit | 468.90M | 474.60M | 493.70M | 507.20M | 419.60M | 314.40M |
| EBITDA | 94.10M | -19.20M | 159.50M | 192.10M | 154.40M | 102.60M |
| Net Income | -78.90M | -80.30M | -62.10M | 8.90M | 9.30M | -20.80M |
Balance Sheet | ||||||
| Total Assets | 1.33B | 1.34B | 1.48B | 1.57B | 1.29B | 982.60M |
| Cash, Cash Equivalents and Short-Term Investments | 23.90M | 18.60M | 13.40M | 31.00M | 2.70M | 2.30M |
| Total Debt | 1.17B | 1.17B | 1.20B | 1.18B | 921.80M | 679.40M |
| Total Liabilities | 1.36B | 1.35B | 1.40B | 1.42B | 1.15B | 847.90M |
| Stockholders Equity | -28.30M | -8.80M | 77.60M | 149.70M | 139.80M | 134.70M |
Cash Flow | ||||||
| Free Cash Flow | 24.70M | -18.00M | -13.50M | -16.20M | -58.20M | -19.70M |
| Operating Cash Flow | 71.30M | 33.00M | 57.00M | 58.40M | 18.50M | 30.70M |
| Investing Cash Flow | -11.90M | -22.70M | -56.20M | -117.40M | -155.10M | -113.40M |
| Financing Cash Flow | -46.70M | -5.30M | -17.90M | 87.30M | 136.90M | 83.80M |
Alta Equipment Group Technical Analysis
Negative
7.00
Price Trends
6.87
Negative
6.59
Negative
6.24
Negative
Market Momentum
0.05
Positive
39.75
Neutral
4.74
Positive
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 7 is above the 20-day moving average (MA) of 6.92, above the 50-day MA of 6.87, and above the 200-day MA of 6.24, indicating a bearish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 39.75 is Neutral, neither overbought nor oversold. The STOCH value of 4.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ALTG.
Alta Equipment Group Risk Analysis
Alta Equipment Group disclosed 35 risk factors in its most recent earnings report. Alta Equipment Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Alta Equipment Group Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $10.09B | 21.49 | 16.36% | 1.75% | -0.07% | 4.18% | |
68 Neutral | $2.90B | 18.72 | 12.84% | 1.79% | 3.14% | -34.73% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $2.28B | -120.53 | -2.18% | ― | 9.38% | 43.77% | |
56 Neutral | $4.51B | -499.67 | -0.26% | 1.79% | 28.39% | -105.83% | |
46 Neutral | $201.39M | -2.45 | -3253.61% | 4.88% | -1.86% | -13.02% |
* Industrials Sector Average
ALTG
Alta Equipment Group
6.19
-1.43
-18.77%
HRI
Herc Holdings
134.91
-6.80
-4.80%
MGRC
Mcgrath Rentcorp
117.91
-0.80
-0.67%
R
Ryder System
260.72
92.32
54.82%
CTOS
Custom Truck One Source
10.04
4.90
95.33%
Alta Equipment Group Corporate Events
Business Operations and StrategyDividends
Alta Equipment Group Declares Quarterly Preferred Stock Dividend
Positive
Jul 2, 2026
On July 2, 2026, Alta Equipment Group announced that its board approved a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock, equivalent to $0.625 per outstanding depositary share trading on the NYSE unde...
Dividends
Alta Equipment Group Declares Quarterly Preferred Stock Dividend
Positive
Apr 3, 2026
On April 3, 2026, Alta Equipment Group Inc. announced that its board of directors approved a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock, equivalent to $0.625 per Depositary Share representing a 1/...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.