Alta Equipment Group Inc (ALTG) Q3 2024 Earnings Call Highlights: Strategic Deleveraging and ... [Yahoo! Finance]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Yahoo! Finance
Alta Equipment Group Inc ( NYSE:ALTG ) successfully reduced its general and administrative expenses, contributing to improved financial efficiency. The company achieved a significant reduction in rental fleet and working capital, allowing it to deleverage by nearly $40 million in the quarter. Alta Equipment Group Inc ( NYSE:ALTG ) delivered Nikola fuel cell trucks to DHL, marking progress in its electrification strategy. The high-margin product support business continues to perform strongly, with revenue increasing by 7.8% to $140.2 million. The company expanded its share buyback program to $20 million, indicating confidence in its long-term value. Alta Equipment Group Inc ( NYSE:ALTG ) experienced a significant decline in new and used equipment revenues, particularly in the construction equipment segment. The equipment sales and rental environment deteriorated, leading to underperformance in the third quarter. The company faced challenges in the construction segment, w
Show less
Read more
Impact Snapshot
Event Time:
ALTG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALTG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALTG alerts
High impacting Alta Equipment Group Inc. Class A news events
Weekly update
A roundup of the hottest topics
ALTG
News
- 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
- Alta Equipment: Q3 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
- Alta (NYSE:ALTG) Misses Q3 Sales Targets, Stock Drops 15.9% [Yahoo! Finance]Yahoo! Finance
ALTG
Earnings
- 11/12/24 - Miss
ALTG
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- ALTG's page on the SEC website