Alta Equipment Group (NYSE:ALTG) Issues Earnings Results, Beats Expectations By $0.02 EPS

Alta Equipment Group (NYSE:ALTG) announced its quarterly earnings data on Thursday. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.02, FiscalAI reports. Alta Equipment Group had a negative return on equity of 175.61% and a negative net margin of 4.34%.The company had revenue of $509.10 million for the quarter, compared to analyst estimates of $489.56 million.

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

• Record equipment sales in Q4 (new and used equipment ~$301M, up ~$90M sequentially) as inventories normalize and customer demand rebounded on lower rates and tax clarity.
• Quarterly earnings quality and cash generation improved — product support margins expanded to 46.1%, construction product support EBITDA rose materially, Alta generated roughly $105M of free cash flow and reduced net debt by about $25M in Q4, ending 2025 with $249M liquidity and 4.9x net leverage with a plan to get below 4.5x in 2026.
• Ongoing rental fleet reduction weighed on rental revenue (down ~10% YoY) and reduced gains from rental equipment sales; management plans to pare roughly another $40M of fleet, which will continue to pressure rental-related revenues near term.
• 2026 guidance midpoint of ~$180M adjusted EBITDA assumes a modest, back‑half recovery driven by improved OEM pricing, product support growth and normalized volumes in material handling and construction, but remains exposed to demand, weather and supply/competitive dynamics.
• Longer‑term strategy focused on core dealer consolidation, selective M&A, an ERP transformation and scaling PeakLogix and Ecoverse toward $100M+ each, targeting >$200M of high‑quality EBITDA and ~3.5x leverage by 2028.

Alta Equipment Group Stock Performance

Shares of NYSE ALTG traded down $0.10 during mid-day trading on Thursday, reaching $6.49. 326,869 shares of the company were exchanged, compared to its average volume of 224,570. The stock has a market capitalization of $209.24 million, a P/E ratio of -2.59 and a beta of 1.56. The company has a quick ratio of 0.49, a current ratio of 1.42 and a debt-to-equity ratio of 257.10. The company’s 50-day simple moving average is $6.10 and its 200-day simple moving average is $6.35. Alta Equipment Group has a twelve month low of $3.54 and a twelve month high of $8.99.

Insider Buying and Selling

In related news, Director Daniel Shribman acquired 40,000 shares of the business’s stock in a transaction on Monday, December 8th. The stock was purchased at an average cost of $5.07 per share, for a total transaction of $202,800.00. Following the completion of the transaction, the director directly owned 131,393 shares of the company’s stock, valued at approximately $666,162.51. The trade was a 43.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 19.20% of the company’s stock.

Institutional Trading of Alta Equipment Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC bought a new position in Alta Equipment Group in the third quarter valued at about $118,000. PharVision Advisers LLC bought a new position in shares of Alta Equipment Group in the third quarter worth about $114,000. Occudo Quantitative Strategies LP boosted its stake in shares of Alta Equipment Group by 7.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 23,423 shares of the company’s stock valued at $108,000 after purchasing an additional 1,558 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Alta Equipment Group by 45.6% in the 4th quarter. Wells Fargo & Company MN now owns 21,910 shares of the company’s stock valued at $101,000 after purchasing an additional 6,861 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Alta Equipment Group during the 4th quarter valued at approximately $97,000. Institutional investors and hedge funds own 73.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ALTG. Wall Street Zen cut Alta Equipment Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research upgraded shares of Alta Equipment Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alta Equipment Group in a research report on Monday, December 29th. Finally, DA Davidson lowered their price target on shares of Alta Equipment Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alta Equipment Group currently has a consensus rating of “Hold” and an average price target of $11.00.

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.