Alta Equipment Group Inc. (NYSE:ALTG – Free Report) – Research analysts at Northland Securities dropped their Q3 2026 earnings estimates for Alta Equipment Group in a report issued on Friday, September 25th. Northland Securities analyst T. Jackson now expects that the company will post earnings per share of ($0.24) for the quarter, down from their prior forecast of ($0.18). 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 Q4 2026 earnings at ($0.21) EPS, FY2026 earnings at ($1.13) EPS, Q1 2027 earnings at ($0.40) EPS, Q2 2027 earnings at ($0.15) EPS, Q3 2027 earnings at ($0.16) EPS, Q4 2027 earnings at ($0.11) EPS, FY2027 earnings at ($0.82) EPS, FY2028 earnings at ($0.62) EPS, FY2029 earnings at ($0.40) EPS and FY2030 earnings at ($0.13) EPS.
Alta Equipment Group (NYSE:ALTG – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.04). The company had revenue of $475.50 million during the quarter, compared to the consensus estimate of $488.71 million. Alta Equipment Group had a negative net margin of 4.42% and a negative return on equity of 3,253.61%.
Check Out Our Latest Stock Report on Alta Equipment Group
Alta Equipment Group Price Performance
Shares of ALTG stock opened at $6.07 on Tuesday. The stock’s fifty day simple moving average is $6.38 and its 200 day simple moving average is $6.42. The firm has a market cap of $198.44 million, a price-to-earnings ratio of -2.36 and a beta of 1.71. Alta Equipment Group has a one year low of $4.16 and a one year high of $8.69.
Institutional Trading of Alta Equipment Group
Several large investors have recently made changes to their positions in ALTG. Public Employees Retirement System of Ohio bought a new position in shares of Alta Equipment Group in the second quarter valued at about $150,000. NewEdge Advisors LLC increased its position in Alta Equipment Group by 123.5% in the 1st quarter. NewEdge Advisors LLC now owns 117,418 shares of the company’s stock valued at $631,000 after acquiring an additional 64,880 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Alta Equipment Group by 27.9% in the first quarter. Quantinno Capital Management LP now owns 114,033 shares of the company’s stock worth $612,000 after acquiring an additional 24,908 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Alta Equipment Group in the first quarter worth about $70,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Alta Equipment Group by 22.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 80,419 shares of the company’s stock worth $432,000 after purchasing an additional 14,933 shares in the last quarter. Institutional investors own 73.58% of the company’s stock.
Key Stories Impacting Alta Equipment Group
Here are the key news stories impacting Alta Equipment Group this week:
- Positive Sentiment: Northland raised its EPS forecasts for 2027 through 2030. The firm now expects losses of $0.82 per share in FY2027, $0.62 in FY2028, $0.40 in FY2029 and $0.13 in FY2030, compared with prior estimates of $0.90, $0.70, $0.47 and $0.20, respectively. The revisions imply a faster path toward profitability. Northland Securities long-term EPS estimate revisions
- Positive Sentiment: Northland also improved its estimates for Q1 through Q4 2027, indicating expectations for less severe quarterly losses than previously forecast. This provides some support for the stock despite continued negative EPS estimates. Northland Securities forecast for ALTG Q3 earnings
- Neutral Sentiment: Sell-side brokerages collectively rate ALTG “Hold,” signaling limited conviction that the current valuation offers a clear buy or sell opportunity. Alta Equipment Group stock rated Hold
- Negative Sentiment: Northland cut its Q3 2026 EPS forecast to a loss of $0.24 from $0.18 and reduced its FY2026 estimate to a loss of $1.13 from $1.08. The revisions point to weaker near-term earnings and may limit upside. Northland Securities 2026 EPS estimate revisions
About Alta Equipment Group
Alta Equipment Group Inc is a provider of industrial and construction equipment, offering equipment sales, rentals, parts and maintenance services to businesses across the United States. The company serves customers in industries such as construction, manufacturing, warehousing, logistics, infrastructure and government.
Its product offerings include material-handling equipment, such as forklifts and warehouse vehicles, as well as construction equipment including earthmoving machinery, aerial work platforms, cranes and related products.
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