Alta Equipment Group (ALTG)
NYSE:ALTG
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Alta Equipment Group
(NYSE:ALTG)
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Rating:45Neutral
Price Target:
$5.50
▼(-21.43% Downside)
Action:Reiterated
Date:05/12/26
ALTG’s score is held down primarily by weak financial performance—especially negative equity and pressured profitability—partially offset by improved recent cash generation. Technicals are neutral-to-soft, valuation support is limited due to losses despite a decent dividend yield, and the latest earnings call adds a modest positive tilt from improving indicators and deleveraging focus, tempered by reduced guidance and execution risk.
Positive Factors
Improved cash generation
Sustained positive operating and free cash flow across the trailing twelve months strengthens the company’s ability to fund operations, service debt, and support targeted deleveraging without relying solely on equity raises. That durable cash generation underpins capital allocation and recovery plans.
Negative Factors
Weakened balance sheet
Negative equity and a large debt stock materially reduce financial flexibility and increase refinancing and covenant risk. Over a multi-quarter horizon this limits strategic options, raises financing costs, and makes execution on recovery plans more sensitive to cash-flow volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Sustained positive operating and free cash flow across the trailing twelve months strengthens the company’s ability to fund operations, service debt, and support targeted deleveraging without relying solely on equity raises. That durable cash generation underpins capital allocation and recovery plans.
Read all positive factors
Alta Equipment Group (ALTG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$206.93M
Dividend Yield4.88%
Average Volume (3M)207.81K
Price to Earnings (P/E)―
Beta (1Y)2.25
Revenue Growth-1.86%
EPS Growth-13.02%
CountryUS
Employees2,900
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)-2.53
Shares Outstanding32,535,540
10 Day Avg. Volume168,489
30 Day Avg. Volume207,812
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 Cap6.52
Enterprise Value/Revenue0.74
Enterprise Value/Gross Profit2.88
Enterprise Value/Ebitda11.87
Forecast
1Y Price Target
$11.50Price Target Upside64.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-1.12
Revenue Forecast (FY)$1.89B
Alta Equipment Group Business Overview & Revenue Model
Company Description
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. The company operates a branch network that sells, rents, and pro...
How the Company Makes Money
Alta Equipment Group primarily makes money through a mix of equipment sales, equipment rentals, and aftermarket support. (1) New and used equipment sales: The company generates revenue by selling equipment sourced from OEM relationships and also b...
Alta Equipment Group Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call balanced short-term headwinds (Q1 revenue decline, weather disruption, a below-expectations EBITDA print, rental transition and one-time healthcare cost pressure) against several constructive developments (strong bookings momentum in Material Handling, 240 bps gross margin improvement, positive cash flow generation, reduced interest expense, rental fleet deleveraging progress, Ecoverse tariff relief and an updated but achievable FY guidance range). Management emphasized disciplined capital allocation, improving forward indicators and operational actions that support recovery through the year.Positive Updates
Revenue and Top-Line
Total revenues of $410.5 million in Q1 FY2026 (reported down ~3% YoY; ~2.1% organic decline versus prior year), reflecting a modest sequential/seasonal setback but stable overall scale.
Negative Updates
Q1 Revenue Pressure from Pull-Forward and Weather
Q1 was negatively impacted by meaningful pull-forward of equipment sales into Q4 2025 (tax-driven) and unusually harsh winter in Midwest/Northeast that constrained field service, parts demand and rental utilization—contributing to the YoY revenue decline.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and Top-Line
Total revenues of $410.5 million in Q1 FY2026 (reported down ~3% YoY; ~2.1% organic decline versus prior year), reflecting a modest sequential/seasonal setback but stable overall scale.
Read all positive updates
Company Guidance
Alta updated FY2026 guidance to adjusted EBITDA of $167.5M–$182.5M (a $5M trim at each end) and free cash flow before rent‑to‑sell decisioning of $100M–$110M (both expected to be back‑half weighted), with a year‑end net leverage target below 4.5x. That outlook is anchored by Q1 results and improving KPIs: Q1 revenue was $410.5M (down ~3% YoY, ~2.1% organic) with adjusted EBITDA of $28.1M, GAAP operating cash flow of $20.8M (up $38.3M YoY), interest expense down $2.4M to $19.5M, and a 240‑bp quarter‑over‑quarter improvement in new/used equipment gross margins. Management cited Material Handling bookings up >20% in the quarter (March was the strongest booking month since June 2023), Construction revenue of $244.3M, Ecoverse revenue of $17.1M with tariff headwinds easing, and rental actions — gross book value reduced ~$59.5M to $524.6M, $30M of disposals in Q1 with ~another $30M targeted to reach sub‑$500M by year‑end, April added ~$25M more fleet on rent vs March — with rental utilization targets in the high‑60s (dollar‑weighted) and financial utilization mid‑ to high‑30s underpinning the updated guide.Alta Equipment Group Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
56
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 | 468.90M | 474.60M | 493.70M | 507.20M | 419.60M | 314.40M |
| EBITDA | 113.70M | -19.20M | 159.50M | 192.10M | 154.40M | 102.60M |
| Net Income | -78.90M | -80.30M | -62.10M | 8.90M | 9.30M | -20.80M |
Balance Sheet | ||||||
| Total Assets | 1.33B | 1.34B | 1.48B | 1.57B | 1.29B | 982.60M |
| Cash, Cash Equivalents and Short-Term Investments | 23.90M | 18.60M | 13.40M | 31.00M | 2.70M | 2.30M |
| Total Debt | 1.17B | 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 | -28.30M | -8.80M | 77.60M | 149.70M | 139.80M | 134.70M |
Cash Flow | ||||||
| Free Cash Flow | 51.80M | -18.00M | -13.50M | -16.20M | -58.20M | -19.70M |
| Operating Cash Flow | 98.40M | 33.00M | 57.00M | 58.40M | 18.50M | 30.70M |
| Investing Cash Flow | -11.90M | -22.70M | -56.20M | -117.40M | -155.10M | -113.40M |
| Financing Cash Flow | -73.80M | -5.30M | -17.90M | 87.30M | 136.90M | 83.80M |
Alta Equipment Group Technical Analysis
Positive
7.00
Price Trends
6.47
Positive
6.51
Positive
6.34
Positive
Market Momentum
-0.09
Negative
56.32
Neutral
91.00
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 7 is above the 20-day moving average (MA) of 6.33, above the 50-day MA of 6.47, and above the 200-day MA of 6.34, indicating a bullish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 56.32 is Neutral, neither overbought nor oversold. The STOCH value of 91.00 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 | $10.07B | 21.24 | 16.36% | 1.75% | -0.07% | 4.18% | |
69 Neutral | $2.63B | 17.35 | 12.84% | 1.79% | 3.14% | -34.73% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | $4.41B | -935.46 | -0.26% | 1.79% | 28.39% | -105.83% | |
55 Neutral | $2.24B | -130.52 | -2.18% | ― | 9.38% | 43.77% | |
45 Neutral | $206.93M | -2.87 | -3253.61% | 4.88% | -1.86% | -13.02% |
* Industrials Sector Average
ALTG
Alta Equipment Group
6.94
1.15
19.86%
HRI
Herc Holdings
140.46
23.81
20.41%
MGRC
Mcgrath Rentcorp
109.34
-2.37
-2.12%
R
Ryder System
264.96
119.49
82.14%
CTOS
Custom Truck One Source
10.00
5.47
120.75%
Alta Equipment Group Corporate Events
Dividends
Alta Equipment Group Declares Quarterly Preferred Stock Dividend
Positive
Apr 3, 2026
On April 3, 2026, Alta Equipment Group Inc. announced that its board of directors approved a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock, equivalent to $0.625 per Depositary Share representing a 1/...
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.