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Commentary (9 May 2024 @ 16:00):

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...

Stats
Today's Volume	1.68M
Average Volume	288 082
Market Cap	325.15M
EPS	$0 ( 2024-05-08 )
Next earnings date	( $-0.200 ) 2024-06-07
Last Dividend	$0.0570 ( 2024-02-14 )
Next Dividend	$0 ( N/A )
P/E	54.50
ATR14	$0.0220 (0.22%)

Insider Trading

Date	Person	Action	Amount	type
2022-04-12	Brubaker Craig	Sell	0	Common Stock
2022-04-12	Brubaker Craig	Sell	0	Common Stock
2024-03-19	Greenawalt Ryan	Buy	38 705	Common Stock
2024-03-19	Greenawalt Ryan	Buy	67 710	Common Stock
2024-03-19	Colucci Anthony	Buy	15 991	Common Stock

INSIDER POWER
-69.88
Last 94 transactions
Buy: 1 400 031 \| Sell: 3 832 599

Volume Correlation

Long: 0.60 (weak)

Short: -0.86 (strong negative)

Signal:(60.852) Neutral

Alta Equipment Group Inc Correlation

10 Most Positive Correlations
BBAR	0.895
AMN	0.894
BMA	0.888
IRS	0.882
GNK	0.882
MWA	0.875
CSV	0.875
KAMN	0.873
IX	0.873
TAP-A	0.869

10 Most Negative Correlations
GNE	-0.861
CLII	-0.847
SNPR	-0.837
ACIC	-0.835
BEST	-0.833
CCIV	-0.826
GIS	-0.819
WM	-0.818
KO	-0.817
DIDI	-0.813

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Alta Equipment Group Inc Correlation - Currency/Commodity

-0.69
( moderate negative )

-0.88
( strong negative )

0.00
( neutral )

-0.67
( moderate negative )

0.71
( moderate )

-0.26
( neutral )

Alta Equipment Group Inc Financials

Annual	2023
Revenue:	$1.88B
Gross Profit:	$484.70M (25.83 %)
EPS:	$0.270

FY	2023
Revenue:	$1.88B
Gross Profit:	$484.70M (25.83 %)
EPS:	$0.270

FY	2022
Revenue:	$1.57B
Gross Profit:	$419.60M (26.70 %)
EPS:	$0.200

FY	2021
Revenue:	$1.21B
Gross Profit:	$314.40M (25.92 %)
EPS:	$-0.740

Financial Reports:

No articles found.

Alta Equipment Group Inc Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
$0.0570 (N/A)	$0.0570 (N/A)	$0.0570 (N/A)	$0.0570 (N/A)	$0.0570 (N/A)	$0.0570 (N/A)	$0.0570 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)

Alta Equipment Group Inc Dividend Information - Dividend Knight

Dividend Sustainability Score: 2.19 - low (50.00%) | Divividend Growth Potential Score: 5.00 - Stable (0.00%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	$0.0570	2022-08-12
Last Dividend	$0.0570	2024-02-14
Next Dividend	$0	N/A
Payout Date	2024-02-29
Next Payout Date	N/A
# dividends	7	--
Total Paid Out	$0.399	--
Avg. Dividend % Per Year	0.94%	--
Score	3.02	--
Div. Sustainability Score	2.19
Div.Growth Potential Score	5.00
Div. Directional Score	3.59	--

Next Divdend (Est)
(2024-07-01)

$0.0579 Estimate 57.50 %

Dividend Stability

0.92 Excellent

Dividend Score

3.02

Pay Frequency

Quarterly

Yearly Payout

Year	Amount	Yield
2022	$0.114	0.79%
2023	$0.228	1.71%
2024	$0.0570	0.47%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for NYSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend	Score
LOMA	Dividend Knight	2023-06-30	Quarterly	2	5.23%	8.53
GOF	Dividend Royal	2023-11-14	Monthly	18	8.03%	8.50
ORC	Dividend Royal	2023-11-29	Monthly	12	9.23%	8.50
VGI	Dividend Royal	2024-02-09	Monthly	13	7.36%	8.50
NCZ	Dividend Royal	2024-02-09	Monthly	22	7.79%	8.50
JQC	Dividend Royal	2023-11-14	Monthly	22	6.56%	8.50
ZTR	Dividend King	2024-02-09	Monthly	37	8.35%	8.50
PHK	Dividend Royal	2023-11-10	Monthly	22	6.88%	8.50
PCF	Dividend King	2023-12-18	Monthly	38	7.05%	8.50
SRV	Dividend Royal	2023-12-04	Monthly	18	7.53%	8.50

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	-0.00211	1.500	-0.0422	-0.0632	[0 - 0.5]
returnOnAssetsTTM	-0.00256	1.200	-0.0853	-0.102	[0 - 0.3]
returnOnEquityTTM	-0.0278	1.500	-1.420	-2.13	[0.1 - 1]
payoutRatioTTM	-2.18	-1.000	-10.00	10.00	[0 - 1]
currentRatioTTM	1.303	0.800	8.49	6.79	[1 - 3]
quickRatioTTM	0.388	0.800	-2.42	-1.938	[0.8 - 2.5]
cashRatioTTM	0.00887	1.500	-1.062	-1.593	[0.2 - 2]
debtRatioTTM	0.495	-1.500	1.751	-2.63	[0 - 0.6]
interestCoverageTTM	0.981	1.000	-0.748	-0.748	[3 - 30]
operatingCashFlowPerShareTTM	1.432	2.00	9.52	10.00	[0 - 30]
freeCashFlowPerShareTTM	-0.287	2.00	-0.143	-0.287	[0 - 20]
debtEquityRatioTTM	5.65	-1.500	10.00	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.263	1.000	8.94	8.94	[0.2 - 0.8]
operatingProfitMarginTTM	0.0218	1.000	-1.564	-1.564	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.0613	1.000	-0.771	-0.771	[0.2 - 2]
assetTurnoverTTM	1.214	0.800	5.24	4.19	[0.5 - 2]
Total Score				2.19

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	-81.20	1.000	-8.30	0	[1 - 100]
returnOnEquityTTM	-0.0278	2.50	-0.913	-2.13	[0.1 - 1.5]
freeCashFlowPerShareTTM	-0.287	2.00	-0.0956	-0.287	[0 - 30]
dividendYielPercentageTTM	2.32	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	1.432	2.00	9.52	10.00	[0 - 30]
payoutRatioTTM	-2.18	1.500	-10.00	10.00	[0 - 1]
pegRatioTTM	0	1.500	-3.33	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0250	1.000	-1.876	0	[0.1 - 0.5]
Total Score				-0.765

Alta Equipment Group Inc

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.