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Alta Equipment Group (ALTG)

(Real Time Quote from BATS)

$10.43 USD

10.43
37,616

+0.06 (0.58%)

Updated Jul 22, 2024 11:58 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value D Growth F Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 38% (94 out of 250)

Industry: Manufacturing - General Industrial

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Balance Sheet

Research for ALTG

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Alta Equipment Group Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 31 3 2 1 1
Receivables 249 233 183 138 0
Notes Receivable 0 0 0 0 0
Inventories 531 400 239 229 0
Other Current Assets 27 28 24 14 0
Total Current Assets 838 663 449 382 1
Net Property & Equipment 465 378 345 312 0
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 143 130 85 51 0
Deposits & Other Assets 14 6 2 2 146
Total Assets 1,571 1,291 983 746 147
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 98 158 0
Accounts Payable 97 91 74 59 2
Current Portion Long-Term Debt 8 4 3 8 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 60 55 39 30 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 455 306 191 180 0
Total Current Liabilities 635 471 421 434 2
Mortgages 0 0 0 0 0
Deferred Taxes/Income 12 11 11 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 628 529 310 135 0
Non-Current Capital Leases 31 15 9 1 0
Other Non-Current Liabilities 15 22 9 17 140
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,421 1,151 848 589 142
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 234 223 217 216 5
Retained Earnings -76 -74 -77 -53 0
Other Equity -2 -3 0 0 0
Treasury Stock 6 6 6 6 0
Total Shareholder's Equity 150 140 135 157 5
Total Liabilities & Shareholder's Equity 1,571 1,291 983 746 147
Total Common Equity 150 140 135 157 5
Shares Outstanding 32.30 32.10 32.30 30.00 4.60
Book Value Per Share 4.63 4.36 4.17 5.23 1.09

Fiscal Year End for Alta Equipment Group Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 6 31 1 2
Receivables NA 239 249 259 227
Notes Receivable NA 0 0 0 0
Inventories NA 554 531 493 498
Other Current Assets NA 24 27 31 33
Total Current Assets NA 822 838 784 760
Net Property & Equipment NA 477 465 448 426
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 140 143 125 127
Deposits & Other Assets NA 14 14 17 9
Total Assets NA 1,563 1,571 1,480 1,430
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 99 97 90 79
Current Portion Long-Term Debt NA 9 8 7 6
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 52 60 53 52
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 456 455 405 390
Total Current Liabilities NA 631 635 570 541
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 12 12 12 11
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 641 628 616 602
Non-Current Capital Leases NA 33 31 26 21
Other Non-Current Liabilities NA 15 14 16
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 1,426 1,421 1,333 1,289
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 236 234 227 225
Retained Earnings NA -91 -76 -72 -77
Other Equity NA -2 -2 -1 -1
Treasury Stock NA 6 6 6 6
Total Shareholder's Equity NA 137 150 148 141
Total Liabilities & Shareholder's Equity NA 1,563 1,571 1,480 1,430
Total Common Equity 0 137 150 148 141
Shares Outstanding 33.10 32.80 32.30 32.30 32.30
Book Value Per Share 0.00 4.17 4.63 4.57 4.38