Alta Equipment Group (ALTG) Projected to Announce Quarterly Earnings on Thursday

Alta Equipment Group (NYSE:ALTG) is anticipated to issue its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect Alta Equipment Group to announce earnings of ($0.26) per share and revenue of $488.7080 million for the quarter. Parties are encouraged to explore the company’s upcoming Q2 2026 earning summary 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 posted its earnings results on Thursday, May 7th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.03). The business had revenue of $410.50 million during the quarter, compared to the consensus estimate of $424.18 million. Alta Equipment Group had a negative return on equity of 3,253.61% and a negative net margin of 4.33%. 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 Trading Up 6.4%

ALTG opened at $7.00 on Tuesday. The firm has a market cap of $227.71 million, a P/E ratio of -2.77 and a beta of 1.73. Alta Equipment Group has a 12 month low of $4.16 and a 12 month high of $8.88. The stock has a 50-day moving average of $6.61 and a 200 day moving average of $6.52.

Institutional Investors Weigh In On Alta Equipment Group

Hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Bancorp USA Inc. bought a new position in shares of Alta Equipment Group during the 3rd quarter worth $3,435,000. JPMorgan Chase & Co. lifted its stake in Alta Equipment Group by 262.1% in the third quarter. JPMorgan Chase & Co. now owns 199,434 shares of the company’s stock worth $1,444,000 after acquiring an additional 144,350 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Alta Equipment Group during the 3rd quarter worth about $968,000. Squarepoint Ops LLC increased its position in Alta Equipment Group by 612.6% during the 4th quarter. Squarepoint Ops LLC now owns 122,822 shares of the company’s stock valued at $565,000 after purchasing an additional 105,587 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Alta Equipment Group by 262.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 91,967 shares of the company’s stock valued at $666,000 after purchasing an additional 66,569 shares in the last quarter. 73.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.