Q2 EPS Forecast for Alta Equipment Group Reduced by Analyst

Alta Equipment Group Inc. (NYSE:ALTG) – Northland Securities dropped their Q2 2026 EPS estimates for shares of Alta Equipment Group in a report released on Thursday, July 2nd. Northland Securities analyst T. Jackson now forecasts that the company will earn ($0.39) per share for the quarter, down from their previous forecast of ($0.28). The consensus estimate for Alta Equipment Group’s current full-year earnings is ($1.20) per share. Northland Securities also issued estimates for Alta Equipment Group’s Q3 2026 earnings at ($0.34) EPS, Q4 2026 earnings at ($0.31) EPS, Q1 2027 earnings at ($0.59) EPS, Q2 2027 earnings at ($0.20) EPS, Q3 2027 earnings at ($0.22) EPS, Q4 2027 earnings at ($0.15) EPS, FY2027 earnings at ($1.17) EPS, FY2028 earnings at ($0.83) EPS, FY2029 earnings at ($0.45) EPS and FY2030 earnings at $0.00 EPS.

ALTG has been the topic of a number of other research reports. Wall Street Zen cut Alta Equipment Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Raymond James Financial raised Alta Equipment Group from a “market perform” rating to an “outperform” rating and set a $9.50 price target on the stock in a research report on Monday, March 9th. DA Davidson restated a “neutral” rating and set a $8.00 price target on shares of Alta Equipment Group in a research note on Wednesday, June 24th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alta Equipment Group in a research note on Friday, May 29th. Two research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.50.

Alta Equipment Group Stock Down 1.9%

Shares of NYSE:ALTG opened at $6.36 on Tuesday. The firm has a fifty day simple moving average of $6.77 and a two-hundred day simple moving average of $6.34. Alta Equipment Group has a 52 week low of $4.16 and a 52 week high of $8.99. The stock has a market capitalization of $206.95 million, a P/E ratio of -2.49 and a beta of 1.73.

Alta Equipment Group (NYSE:ALTG) last issued its earnings results on Thursday, May 7th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.03). Alta Equipment Group had a negative return on equity of 3,253.61% and a negative net margin of 4.33%.The firm had revenue of $410.50 million during the quarter, compared to the consensus estimate of $424.18 million.

Institutional Trading of Alta Equipment Group

Several hedge funds have recently modified their holdings of ALTG. Strs Ohio acquired a new position in shares of Alta Equipment Group during the first quarter worth $138,000. Rhumbline Advisers increased its position in Alta Equipment Group by 15.9% during the 1st quarter. Rhumbline Advisers now owns 39,374 shares of the company’s stock valued at $185,000 after buying an additional 5,406 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Alta Equipment Group by 71.9% in the second quarter. JPMorgan Chase & Co. now owns 55,084 shares of the company’s stock valued at $348,000 after buying an additional 23,047 shares during the last quarter. Quantinno Capital Management LP raised its stake in Alta Equipment Group by 72.4% in the second quarter. Quantinno Capital Management LP now owns 62,314 shares of the company’s stock valued at $394,000 after buying an additional 26,176 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Alta Equipment Group during the second quarter worth about $35,000. 73.58% of the stock is owned by hedge funds and other institutional investors.

Alta Equipment Group News Roundup

Here are the key news stories impacting Alta Equipment Group this week:

• Positive Sentiment: Northland Securities raised its earnings estimates for multiple future periods, including FY2027, FY2028, FY2029, and FY2030, indicating a slightly better long-term outlook for Alta Equipment Group. Alta Equipment Group analyst estimate updates
• Neutral Sentiment: The firm also nudged up near-term quarterly EPS forecasts for Q1 2027, Q2 2027, Q3 2027, and Q4 2027, but the estimates still remain negative, so the revisions are incremental rather than transformative. Alta Equipment Group analyst estimate updates
• Neutral Sentiment: Northland lowered its Q2 2026 EPS estimate, showing that the near-term earnings picture is still challenged despite some later-period improvements. Alta Equipment Group analyst estimate updates

Alta Equipment Group Company Profile

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.