Alta (NYSE:ALTG) Misses Q3 Sales Targets, Stock Drops 15.9% [Yahoo! Finance]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Yahoo! Finance
Its non-GAAP loss of $0.72 per share was also 700% below analysts' consensus estimates. Is now the time to buy Alta? Find out in our full research report Revenue: $448.8 million vs analyst estimates of $479.9 million (6.5% miss) Adjusted EPS: -$0.72 vs analyst estimates of -$0.09 (-$0.63 miss) EBITDA: $43.2 million vs analyst estimates of $48 million (10% miss) Gross Margin (GAAP): 27.8%, in line with the same quarter last year Operating Margin: 1.5%, down from 3% in the same quarter last year EBITDA Margin: 9.6%, down from 10.9% in the same quarter last year Free Cash Flow was $69.5 million, up from -$4.5 million in the same quarter last year Market Capitalization: $280 million LIVONIA, Mich., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”, "we", "our" or the “Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced financial results for t
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ALTG
News
- Analysts Have Been Trimming Their Alta Equipment Group Inc. (NYSE:ALTG) Price Target After Its Latest Report [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Inc. (NYSE: ALTG) had its price target lowered by analysts at Raymond James from $10.00 to $9.00. They now have a "market perform" rating on the stock.MarketBeat
- Alta Equipment Group Inc. (NYSE: ALTG) was downgraded by analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating.MarketBeat
- Alta Equipment Group Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Inc. (NYSE: ALTG) had its "market perform" rating re-affirmed by analysts at Northland Securities. They now have a $20.00 price target on the stock, down previously from $30.00.MarketBeat
ALTG
Earnings
- 11/12/24 - Miss
ALTG
Sec Filings
- 12/20/24 - Form 4
- 12/18/24 - Form 4
- 11/13/24 - Form SC
- ALTG's page on the SEC website