Alta Equipment Group (NYSE:ALTG) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Alta Equipment Group (NYSE:ALTG) released its earnings results on Thursday, May 7th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.03), Zacks reports. The company had revenue of $410.50 million for the quarter, compared to analysts’ expectations of $424.18 million. Alta Equipment Group had a negative return on equity of 3,253.61% and a negative net margin of 4.33%.

Here are the key takeaways from Alta Equipment Group’s conference call:

• Q1 results: total revenue was $410.5M (down ~3% YoY) and adjusted EBITDA was $28.1M, with management citing a Q4 pull-forward of tax-driven equipment purchases and unusually harsh winter weather as the main headwinds.
• Material Handling: revenues were $150.5M (down ~4.7%) driven by used-equipment weakness, but bookings and backlog are inflecting—March was the strongest monthly bookings since June 2023 and the ISM PMI has turned positive, supporting a meaningful sales rebound later in 2026.
• Construction and rental repositioning: Construction revenues were stable at $244.3M with strength in heavy earthmoving (Florida) and exposure to growing state/federal infrastructure spend, while rental gross book value was intentionally reduced by about $59.5M to $524.6M as management prioritizes utilization and margin quality and targets sub-$500M by year-end.
• Ecoverse: segment revenue was $17.1M; management expects tariff-related margin compression to abate after OEM repricing and a favorable Supreme Court ruling, with profitability improving through the year.
• Balance sheet and guidance: operating cash flow improved to $20.8M, interest expense fell to $19.5M and liquidity remains ~$250M, but management narrowed FY26 adjusted EBITDA guidance to $167.5M–$182.5M and expects FCF before rent-sale decisions of $100M–$110M, with results back-half weighted.

Alta Equipment Group Price Performance

Shares of NYSE:ALTG opened at $6.09 on Thursday. Alta Equipment Group has a 12 month low of $4.16 and a 12 month high of $8.99. The firm has a market capitalization of $198.33 million, a price-to-earnings ratio of -2.41 and a beta of 1.73. The business’s 50 day simple moving average is $6.80 and its 200-day simple moving average is $6.32.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ALTG. Wall Street Zen downgraded shares of Alta Equipment Group from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Alta Equipment Group in a report on Friday, May 29th. Raymond James Financial raised shares of Alta Equipment Group from a “market perform” rating to an “outperform” rating and set a $9.50 price target for the company in a research report on Monday, March 9th. Finally, DA Davidson restated a “neutral” rating and set a $8.00 price target on shares of Alta Equipment Group in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ALTG. Raymond James Financial Inc. acquired a new position in Alta Equipment Group in the 2nd quarter valued at about $35,000. Public Employees Retirement System of Ohio grew its holdings in Alta Equipment Group by 221.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 6,100 shares of the company’s stock valued at $28,000 after purchasing an additional 4,200 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Alta Equipment Group by 55.1% in the fourth quarter. Royal Bank of Canada now owns 6,153 shares of the company’s stock worth $28,000 after acquiring an additional 2,186 shares in the last quarter. Quarry LP raised its holdings in Alta Equipment Group by 150.9% in the fourth quarter. Quarry LP now owns 6,676 shares of the company’s stock valued at $31,000 after acquiring an additional 4,015 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in Alta Equipment Group in the third quarter worth $83,000. 73.58% of the stock is currently owned by institutional investors and hedge funds.

About Alta Equipment Group

Alta Equipment Group, Inc (NYSE: ALTG) is a North American distributor of material handling and logistics equipment. The company offers a broad lineup of forklifts, lift trucks, aerial work platforms, tow motors, pallet jacks and related attachments, serving manufacturing, warehousing, distribution and industrial facilities. Through its network of branch locations, Alta Equipment provides customers with new and used sales, short- and long-term rentals, and integrated fleet management solutions designed to support operational efficiency.

In addition to equipment sales, Alta Equipment supports customers with comprehensive after-sales services.