Alta Equipment Group (NYSE:ALTG) Releases Earnings Results, Beats Expectations By $0.17 EPS

Alta Equipment Group (NYSE:ALTG) announced its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.17, FiscalAI reports. The firm had revenue of $475.50 million during the quarter, compared to analysts’ expectations of $488.71 million. Alta Equipment Group had a negative net margin of 4.33% and a negative return on equity of 3,253.61%.

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

• Second-quarter results improved sharply sequentially: Revenue rose approximately $65 million from Q1 to $475.5 million, while adjusted EBITDA increased to $48.6 million from $28.1 million; EBITDA margin expanded to 10.2%.
• Demand indicators strengthened, particularly in material handling. First-half bookings in Alta’s markets increased 12.3% year over year, and material handling backlog reached approximately $143 million, providing visibility into second-half deliveries.
• Equipment margins and Ecoverse profitability recovered. New and used equipment gross margins rose to 15.3% as discounting moderated and used values improved, while Ecoverse adjusted EBITDA increased to $2.8 million as tariff-related pressures subsided.
• Capital efficiency continued to improve: Average assets declined 11% in material handling and 8% in construction, lifting trailing twelve-month EBITDA returns on assets to 16% and 11.4%, respectively; liquidity remained approximately $225 million with net leverage near 4.7x.
• Management narrowed the 2026 adjusted EBITDA guidance range to $167.5 million–$172.5 million from $167.5 million–$177.5 million, citing delivery timing and the possibility that some material handling backlog slips into 2027; it reaffirmed free cash flow before rent-to-sell decisioning of $100 million–$110 million.

Alta Equipment Group Stock Performance

ALTG traded down $0.14 during trading on Thursday, reaching $7.34. 324,068 shares of the company traded hands, compared to its average volume of 142,934. Alta Equipment Group has a 12-month low of $4.16 and a 12-month high of $8.88. The firm has a fifty day simple moving average of $6.68 and a 200 day simple moving average of $6.54. The company has a market cap of $238.94 million, a P/E ratio of -2.90 and a beta of 1.73.

Hedge Funds Weigh In On Alta Equipment Group

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alta Equipment Group in a report on Friday, May 29th. DA Davidson reissued a “neutral” rating and set a $8.00 price target on shares of Alta Equipment Group in a report on Wednesday, June 24th. Finally, Wall Street Zen cut Alta Equipment Group from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.75.

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.