Alta Equipment Group (ALTG) Projected to Post Earnings on Wednesday

Alta Equipment Group (NYSE:ALTG) will likely be announcing its earnings results after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of ($0.31) per share and revenue of $485.48 million for the quarter.

Alta Equipment Group Stock Performance

Shares of NYSE ALTG opened at $5.45 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt-to-equity ratio of 7.45. The company has a 50 day simple moving average of $6.95 and a two-hundred day simple moving average of $6.84. Alta Equipment Group has a 12 month low of $5.39 and a 12 month high of $13.67. The stock has a market cap of $181.10 million, a price-to-earnings ratio of -3.20 and a beta of 1.76.

Alta Equipment Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Saturday, February 15th will be paid a $0.057 dividend. This represents a $0.23 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, February 14th. Alta Equipment Group’s dividend payout ratio is currently -13.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Raymond James decreased their target price on shares of Alta Equipment Group from $10.00 to $9.00 and set a “market perform” rating for the company in a research note on Thursday, November 14th. Northland Securities reiterated a “market perform” rating and issued a $20.00 target price (down from $30.00) on shares of Alta Equipment Group in a research note on Wednesday, November 13th. Finally, Northland Capmk cut shares of Alta Equipment Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.75.

Alta Equipment Group Company Profile

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.