Allegro MicroSystems (ALGM) Projected to Post Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $176,450.00 billion for the quarter. Allegro MicroSystems has set its Q3 guidance at $0.04-0.08 EPS and its Q3 2025 guidance at 0.040-0.080 EPS.Parties that wish to listen to the company's conference call can do so using this link.

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. Allegro MicroSystems had a positive return on equity of 8.48% and a negative net margin of 2.96%. The firm had revenue of $187.39 million for the quarter, compared to analyst estimates of $187.52 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. Allegro MicroSystems's quarterly revenue was down 32.0% on a year-over-year basis.

Allegro MicroSystems Price Performance

Allegro MicroSystems stock traded up $0.02 during midday trading on Thursday, reaching $25.04. The company's stock had a trading volume of 2,808,483 shares, compared to its average volume of 2,112,316. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.80 and a current ratio of 4.22. Allegro MicroSystems has a fifty-two week low of $18.59 and a fifty-two week high of $33.26. The firm has a market capitalization of $4.61 billion, a PE ratio of -178.19 and a beta of 1.65. The stock's 50 day simple moving average is $22.16 and its 200 day simple moving average is $23.09.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Needham & Company LLC lowered their target price on shares of Allegro MicroSystems from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Morgan Stanley assumed coverage on Allegro MicroSystems in a report on Thursday, November 7th. They issued an "equal weight" rating and a $21.00 price target on the stock. Barclays boosted their target price on Allegro MicroSystems from $25.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Loop Capital initiated coverage on Allegro MicroSystems in a research note on Tuesday, November 12th. They set a "buy" rating and a $30.00 price target for the company. Finally, Mizuho set a $26.00 price objective on shares of Allegro MicroSystems in a research note on Friday, October 18th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Allegro MicroSystems currently has an average rating of "Moderate Buy" and an average target price of $30.91.

Insider Activity

In other news, SVP Michael Doogue bought 15,000 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $19.00 per share, with a total value of $285,000.00. Following the purchase, the senior vice president now owns 246,086 shares of the company's stock, valued at approximately $4,675,634. The trade was a 6.49 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.50% of the company's stock.

About Allegro MicroSystems

Allegro MicroSystems, Inc, together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.