Alta Equipment Group (ALTG) to Post Quarterly Earnings on Thursday

Alta Equipment Group (NYSE:ALTG) is anticipated to release its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect the company to post earnings of ($0.26) per share and revenue of $488.7080 million for the quarter. Individuals may visit the the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, August 6, 2026 at 5:00 PM ET.

Alta Equipment Group (NYSE:ALTG) last announced its earnings results on Thursday, May 7th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.59) by ($0.03). Alta Equipment Group had a negative return on equity of 3,253.61% and a negative net margin of 4.33%.The business had revenue of $410.50 million for the quarter, compared to analysts’ expectations of $424.18 million. On average, analysts expect Alta Equipment Group to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Alta Equipment Group Price Performance

Shares of NYSE:ALTG opened at $5.97 on Thursday. The business’s 50-day moving average is $6.53 and its 200 day moving average is $6.51. Alta Equipment Group has a 1 year low of $4.16 and a 1 year high of $8.88. The firm has a market capitalization of $194.43 million, a P/E ratio of -2.36 and a beta of 1.73.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ALTG. Weiss Ratings restated a “sell (d-)” rating on shares of Alta Equipment Group in a research note on Friday, May 29th. Wall Street Zen lowered shares of Alta Equipment Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Alta Equipment Group in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.75.

Hedge Funds Weigh In On Alta Equipment Group

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

Alta Equipment Group Company Profile

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.