Alta Equipment Group Inc
Prices are adjusted according to historical splits.
- Today's Low:
- Today's High:
- Open Price:
- 52W Low:
- 52W High:
- Prev. Close:
- Market Cap.:
- $651.13 million
- Book Value:
- Revenue TTM:
- $1.50 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $314.40 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Alta Equipment Group Inc had its IPO on 2019-04-25 under the ticker symbol ALTG.
The company operates in the Industrials sector and Rental & Leasing Services industry. Alta Equipment Group Inc has a staff strength of 2,250 employees.
Shares of Alta Equipment Group Inc opened at $15.33 at the start of the last trading session i.e. 2023-03-28.
The stocks traded within a range of $15.2 - $15.75, and closed at $15.25.
This is a -1.23% slip from the previous day's closing price.
A total volume of 150,246 shares were traded at the close of the day’s session.
In the last one week, shares of Alta Equipment Group Inc have slipped by -2.24%.
Alta Equipment Group Inc's Key Ratios
Alta Equipment Group Inc has a market cap of $651.13 million, indicating a price to book ratio of 2.9311 and a price to sales ratio of 0.2699.
In the last 12-months Alta Equipment Group Inc’s revenue was $1.50 billion with a gross profit of $314.40 million and an EBITDA of $133.80 million. The EBITDA ratio measures Alta Equipment Group Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Alta Equipment Group Inc’s operating margin was 2.64% while its return on assets stood at 2.57% with a return of equity of 6.87%.
In Q3, Alta Equipment Group Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 37.3%.
Alta Equipment Group Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $0.2 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Alta Equipment Group Inc’s profitability.
Alta Equipment Group Inc stock is trading at a EV to sales ratio of 0.8081 and a EV to EBITDA ratio of 8.2101. Its price to sales ratio in the trailing 12-months stood at 0.2699.
Alta Equipment Group Inc stock pays annual dividends of $0.114 per share, indicating a yield of 1.15% and a payout ratio of 68.4%.
Balance sheet and cash flow metrics
- Total Assets
- $1.14 billion
- Total Liabilities
- $415.20 million
- Operating Cash Flow
- Capital Expenditure
- $28.40 million
- Dividend Payout Ratio
Alta Equipment Group Inc ended 2023 with $1.14 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.14 billion while shareholder equity stood at $140.70 million.
Alta Equipment Group Inc ended 2023 with $10.80 million in deferred long-term liabilities, $415.20 million in other current liabilities, -5900000.00 in common stock, $-70800000.00 in retained earnings and $53.80 million in goodwill. Its cash balance stood at $2.10 million and cash and short-term investments were $2.10 million. The company’s total short-term debt was $21,400,000 while long-term debt stood at $467.10 million.
Alta Equipment Group Inc’s total current assets stands at $581.90 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $213.40 million compared to accounts payable of $86.10 million and inventory worth $338.50 million.
In 2023, Alta Equipment Group Inc's operating cash flow was $-48300000.00 while its capital expenditure stood at $28.40 million.
Comparatively, Alta Equipment Group Inc paid $0.68 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Alta Equipment Group Inc stock is currently trading at $15.25 per share. It touched a 52-week high of $20.23 and a 52-week low of $20.23. Analysts tracking the stock have a 12-month average target price of $20.75.
Its 50-day moving average was $17.15 and 200-day moving average was $13.04 The short ratio stood at 0.69 indicating a short percent outstanding of 0%.
Around 2177% of the company’s stock are held by insiders while 6850.9% are held by institutions.
Frequently Asked Questions About Alta Equipment Group Inc
Similar Industry Stocks (Rental & Leasing Services)
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 provides parts and service support for various categories of specialized equipment, including lift trucks and aerial work platforms, earthmoving equipment, cranes, paving and asphalt equipment, and other material handling and construction equipment. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; and provides automated equipment installation and system integration solutions. It serves diversified manufacturing, food and beverage, wholesale/retail, construction, automotive, municipal/government, and medical sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.