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Alta Equipment Group
(NYSE:ALTG)
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Rating:48Neutral
Price Target:
$6.50
▲(13.64% Upside)
Action:Reiterated
Date:10/02/26
ALTG scores below average primarily due to weak financial performance—sharp TTM revenue decline, continued net losses, and balance-sheet strain from high debt and negative equity—partly offset by improved operating/free cash flow. Technicals are neutral with no strong trend confirmation, while valuation remains challenged due to negative earnings. The latest earnings call provides a modest positive offset, citing sequential recovery, better margins, reaffirmed free cash flow guidance, and backlog visibility, tempered by execution/timing and leverage risks.
Positive Factors
Recurring revenue mix
The combination of rentals and aftermarket maintenance, repairs, inspections, parts, and service labor gives Alta revenue streams that extend beyond one-time equipment sales. This installed-base model can support customer retention, repeat activity, and more durable revenue through changing equipment demand.
Negative Factors
Revenue decline and continuing losses
The sharp revenue contraction and continuing net losses show that Alta has not yet restored sustainable profitability after weaker equipment demand. With operating income and EBITDA margins still thin, a prolonged recovery or renewed demand softness could keep the cost structure under pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue mix
The combination of rentals and aftermarket maintenance, repairs, inspections, parts, and service labor gives Alta revenue streams that extend beyond one-time equipment sales. This installed-base model can support customer retention, repeat activity, and more durable revenue through changing equipment demand.
Read all positive factors
Alta Equipment Group (ALTG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$211.68M
Dividend Yield4.21%
Average Volume (3M)207.35K
Price to Earnings (P/E)―
Beta (1Y)2.31
Revenue Growth-1.80%
EPS Growth-24.66%
CountryUS
Employees2,750
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)-2.57
Shares Outstanding32,666,870
10 Day Avg. Volume268,928
30 Day Avg. Volume207,347
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)-17.10
Price to Sales (P/S)0.08
P/FCF Ratio-8.36
Enterprise Value/Market Cap6.47
Enterprise Value/Revenue0.75
Enterprise Value/Gross Profit2.91
Enterprise Value/Ebitda25.56
Forecast
1Y Price Target
$12.00Price Target Upside109.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.3
Revenue Forecast (FY)$1.87B
Alta Equipment Group Business Overview & Revenue Model
Company Description
Alta Equipment Group Inc. (AEG) manages a comprehensive network of equipment dealerships throughout the United States. Its operations are divided into two primary divisions: Material Handling and Construction Equipment. Through its widespread bran...
How the Company Makes Money
Alta Equipment Group primarily generates revenue through a combination of (1) equipment sales, (2) equipment rentals, and (3) aftermarket support services. Equipment sales include the distribution of new and used equipment to customers; revenue is...
Alta Equipment Group Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call conveyed a clear improving trajectory: sequential revenue and adjusted EBITDA growth, margin expansion, stronger bookings and backlog (particularly in Material Handling), better capital efficiency, and Ecoverse reverting to a normalized margin profile. Management acknowledged remaining execution/timing risks—chiefly potential delivery timing with OEMs (Hyster-Yale) that could push some revenue into 2027, rental fleet utilization still below target, and elevated leverage. Overall, the positives around recovery momentum, margin improvement, backlog visibility and tighter guidance outweigh the manageable risks tied to delivery timing and near-term asset optimization.Positive Updates
Sequential Revenue Recovery
Q2 2026 revenue of $475.5M, an increase of approximately $65M sequentially versus Q1 2026, signaling visible momentum across all three segments.
Negative Updates
Revenue Below Prior Year
Although sequentially stronger, Q2 revenue remained modestly below prior-year levels, indicating recovery is not yet a full-year reacceleration versus 2025.
Read all updates
Q2-2026 Updates
Positive
Negative
Sequential Revenue Recovery
Q2 2026 revenue of $475.5M, an increase of approximately $65M sequentially versus Q1 2026, signaling visible momentum across all three segments.
Read all positive updates
Company Guidance
Alta narrowed full-year adjusted EBITDA guidance to $167.5 million–$177.5 million (reducing the prior upper bound by $5 million) while reaffirming free cash flow before rent-to-sell decisioning of $100 million–$110 million; management cited stronger Q2 results (Q2 revenue $475.5M, adjusted EBITDA $48.6M, gross margin ~26.1%, EBITDA margin 10.2%, sequential revenue improvement of ~$65M and adjusted EBITDA up ~$20.5M from $28.1M) and a Material Handling backlog of roughly $143M as the drivers of confidence, but tempered the top end of the range due to delivery timing risk (primarily Hyster‑Yale execution) and the pace of backlog conversion; liquidity (~$225M), net leverage (~4.7x) and improving equipment margins (new/used equipment margins ~15.3%) also support their measured outlook.Alta Equipment Group Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
22
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.82B | 1.84B | 1.88B | 1.88B | 1.57B | 1.21B |
| Gross Profit | 470.80M | 474.60M | 493.70M | 507.20M | 419.60M | 314.40M |
| EBITDA | 53.60M | -19.20M | 159.50M | 192.10M | 154.40M | 102.60M |
| Net Income | -80.30M | -80.30M | -62.10M | 8.90M | 9.30M | -20.80M |
Balance Sheet | ||||||
| Total Assets | 1.32B | 1.34B | 1.48B | 1.57B | 1.29B | 982.60M |
| Cash, Cash Equivalents and Short-Term Investments | 20.90M | 18.60M | 13.40M | 31.00M | 2.70M | 2.30M |
| Total Debt | 691.30M | 1.17B | 1.20B | 1.18B | 921.80M | 679.40M |
| Total Liabilities | 1.36B | 1.35B | 1.40B | 1.42B | 1.15B | 847.90M |
| Stockholders Equity | -36.20M | -8.80M | 77.60M | 149.70M | 139.80M | 134.70M |
Cash Flow | ||||||
| Free Cash Flow | 26.80M | -18.00M | -13.50M | -16.20M | -58.20M | -19.70M |
| Operating Cash Flow | 62.50M | 33.00M | 57.00M | 58.40M | 18.50M | 30.70M |
| Investing Cash Flow | -18.30M | -22.70M | -56.20M | -117.40M | -155.10M | -113.40M |
| Financing Cash Flow | -36.30M | -5.30M | -17.90M | 87.30M | 136.90M | 83.80M |
Alta Equipment Group Technical Analysis
Positive
5.72
Price Trends
6.39
Positive
6.45
Positive
6.39
Positive
Market Momentum
-0.02
Negative
56.49
Neutral
80.84
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALTG, the sentiment is Positive. The current price of 5.72 is below the 20-day moving average (MA) of 6.02, below the 50-day MA of 6.39, and below the 200-day MA of 6.39, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 56.49 is Neutral, neither overbought nor oversold. The STOCH value of 80.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ALTG.
Alta Equipment Group Risk Analysis
Alta Equipment Group disclosed 35 risk factors in its most recent earnings report. Alta Equipment Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Alta Equipment Group Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $2.87B | 18.90 | 12.44% | 1.67% | -0.92% | -39.51% | |
68 Neutral | $9.10B | 19.26 | 16.70% | 1.58% | 1.12% | 3.84% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $2.23B | 103.71 | 2.66% | ― | 7.03% | ― | |
49 Neutral | $4.63B | 94.13 | 2.56% | 2.02% | 28.50% | 67.75% | |
48 Neutral | $211.68M | -2.52 | 456.25% | 4.21% | -1.80% | -24.66% |
* Industrials Sector Average
ALTG
Alta Equipment Group
6.48
-0.39
-5.68%
HRI
Herc Holdings
138.37
14.41
11.62%
MGRC
Mcgrath Rentcorp
117.56
6.12
5.49%
R
Ryder System
237.24
46.41
24.32%
CTOS
Custom Truck One Source
9.78
3.32
51.39%
Alta Equipment Group Corporate Events
Business Operations and StrategyDividends
Alta Equipment Group Declares Quarterly Series A Dividend
Positive
Oct 2, 2026
On October 2, 2026, Alta Equipment Group Inc. announced that its Board of Directors approved a quarterly dividend on its 10% Series A Cumulative Perpetual Preferred Stock of $625 per preferred share, equivalent to $0.625 per outstanding depositary...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Alta Equipment Group Reports Solid Q2 2026 Performance
Positive
Aug 6, 2026
Alta Equipment Group reported second-quarter 2026 results on August 6, 2026, showing total revenue of $475.5 million, down 1.2% year over year but up $65 million sequentially, with gains across all segments and stronger margins in equipment sales ...
Business Operations and StrategyDividends
Alta Equipment Group Declares Quarterly Preferred Stock Dividend
Positive
Jul 2, 2026
On July 2, 2026, Alta Equipment Group announced that its board approved a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock, equivalent to $0.625 per outstanding depositary share trading on the NYSE unde...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.