Alta Equipment Group (NYSE:ALTG – Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.11), Zacks reports. Alta Equipment Group had a negative net margin of 4.42% and a negative return on equity of 3,253.61%. The business had revenue of $417.40 million during the quarter, compared to analyst estimates of $452.30 million.
Alta Equipment Group Stock Up 1.4%
Shares of NYSE:ALTG opened at $6.01 on Tuesday. The stock has a market cap of $196.51 million, a price-to-earnings ratio of -2.34 and a beta of 1.76. Alta Equipment Group has a 12-month low of $4.16 and a 12-month high of $8.69. The business’s 50 day moving average is $6.26 and its 200 day moving average is $6.51.
Analyst Ratings Changes
ALTG has been the subject of a number of research analyst reports. Northland Securities set a $12.00 target price on Alta Equipment Group in a report on Friday, September 25th. Wall Street Zen upgraded Alta Equipment Group from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alta Equipment Group in a research report on Wednesday, August 26th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Alta Equipment Group in a research report on Friday, September 25th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.83.
Alta Equipment Group Company Profile
Alta Equipment Group Inc is an equipment dealership and rental company that provides machinery, parts, service and support to customers in the construction, industrial, manufacturing, warehousing and related sectors. The company operates through construction and material-handling businesses, serving contractors, businesses and public-sector organizations.
Its construction equipment offerings include earthmoving machinery, aerial work platforms, cranes, compact equipment and other jobsite products.
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