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

Alta Equipment Group Inc. (NYSE:ALTG) – Equities research analysts 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 per share of ($0.30) 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 Q3 2025 earnings at ($0.30) EPS.

Separately, Raymond James reduced 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 given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Alta Equipment Group presently has a consensus rating of “Moderate Buy” and an average target price of $12.63.

Alta Equipment Group Price Performance

NYSE ALTG opened at $4.94 on Friday. The company has a 50-day moving average price of $6.26 and a two-hundred day moving average price of $6.64. Alta Equipment Group has a 52 week low of $4.45 and a 52 week high of $13.67. The stock has a market cap of $162.33 million, a price-to-earnings ratio of -2.91 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Saturday, February 15th were paid 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 4.62%. Alta Equipment Group’s payout ratio is -11.22%.

Insiders Place Their Bets

In other news, COO Craig Brubaker sold 5,294 shares of Alta Equipment Group stock in a transaction 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 transaction, the chief operating officer now directly owns 98,640 shares in the company, valued at approximately $493,200. This trade represents a 5.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new stake in Alta Equipment Group in the fourth quarter worth about $69,000. Intech Investment Management LLC bought a new position in shares of Alta Equipment Group during the 4th quarter valued at about $79,000. Wells Fargo & Company MN grew its stake in shares of Alta Equipment Group by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 12,533 shares of the company’s stock worth $82,000 after purchasing an additional 4,272 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Alta Equipment Group by 20.8% in the 4th quarter. SG Americas Securities LLC now owns 13,784 shares of the company’s stock worth $90,000 after purchasing an additional 2,375 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Alta Equipment Group by 49.4% during the fourth quarter. MetLife Investment Management LLC now owns 20,313 shares of the company’s stock valued at $133,000 after purchasing an additional 6,716 shares during the last quarter. Institutional investors 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.