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Alta Equipment Group Stock

Alta Equipment Group P/E 2024

Alta Equipment Group P/E

-4.32

Ticker

ALTG

ISIN

US02128L1061

WKN

A2P6XQ

As of Dec 1, 2024, Alta Equipment Group's P/E ratio was -4.32, a -105.73% change from the 75.34 P/E ratio recorded in the previous year.

The Alta Equipment Group P/E history

Alta Equipment Group Aktienanalyse

What does Alta Equipment Group do?

Alta Equipment Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering Alta Equipment Group's P/E Ratio

The Price to Earnings (P/E) Ratio of Alta Equipment Group is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing Alta Equipment Group's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of Alta Equipment Group is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in Alta Equipment Group’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about Alta Equipment Group stock

What is the price-to-earnings ratio of Alta Equipment Group?

The price-earnings ratio of Alta Equipment Group is currently -4.32.

How has the price-earnings ratio of Alta Equipment Group changed compared to last year?

The price-to-earnings ratio of Alta Equipment Group has increased by -105.73% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Alta Equipment Group high compared to other companies?

Yes, the price-to-earnings ratio of Alta Equipment Group is high compared to other companies.

How does an increase in the price-earnings ratio of Alta Equipment Group affect the company?

An increase in the price-earnings ratio of Alta Equipment Group would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Alta Equipment Group affect the company?

A decrease in the price-earnings ratio of Alta Equipment Group would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Alta Equipment Group?

Some factors that influence the price-earnings ratio of Alta Equipment Group are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Alta Equipment Group pay?

Over the past 12 months, Alta Equipment Group paid a dividend of 0.23 USD . This corresponds to a dividend yield of about 2.88 %. For the coming 12 months, Alta Equipment Group is expected to pay a dividend of 0.23 USD.

What is the dividend yield of Alta Equipment Group?

The current dividend yield of Alta Equipment Group is 2.88 %.

When does Alta Equipment Group pay dividends?

Alta Equipment Group pays a quarterly dividend. This is distributed in the months of March, June, September, December.

How secure is the dividend of Alta Equipment Group?

Alta Equipment Group paid dividends every year for the past 0 years.

What is the dividend of Alta Equipment Group?

For the upcoming 12 months, dividends amounting to 0.23 USD are expected. This corresponds to a dividend yield of 2.94 %.

In which sector is Alta Equipment Group located?

Alta Equipment Group is assigned to the 'Industry' sector.

Wann musste ich die Aktien von Alta Equipment Group kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Alta Equipment Group from 11/29/2024 amounting to 0.057 USD, you needed to have the stock in your portfolio before the ex-date on 11/15/2024.

When did Alta Equipment Group pay the last dividend?

The last dividend was paid out on 11/29/2024.

What was the dividend of Alta Equipment Group in the year 2023?

In the year 2023, Alta Equipment Group distributed 0.114 USD as dividends.

In which currency does Alta Equipment Group pay out the dividend?

The dividends of Alta Equipment Group are distributed in USD.

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Andere Kennzahlen von Alta Equipment Group

Our stock analysis for Alta Equipment Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Alta Equipment Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.