Allient (NASDAQ:ALNT) Posts Earnings Results, Beats Estimates By $0.03 EPS

Allient (NASDAQ:ALNT - Get Free Report) released its earnings results on Wednesday. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.03, Zacks reports. The business had revenue of $122.01 million for the quarter, compared to the consensus estimate of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%.

Allient Stock Down 7.7 %

Allient stock traded down $1.95 during mid-day trading on Friday, hitting $23.36. The company's stock had a trading volume of 101,643 shares, compared to its average volume of 107,406. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. The company has a market cap of $393.50 million, a PE ratio of 26.55 and a beta of 1.59. The firm's 50 day moving average is $25.29 and its 200 day moving average is $22.82. Allient has a 52-week low of $16.91 and a 52-week high of $36.33.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, March 20th. Allient's payout ratio is 15.00%.

Wall Street Analysts Forecast Growth

ALNT has been the topic of a number of analyst reports. Northland Capmk raised Allient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Northland Securities upgraded shares of Allient from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $30.00 to $35.00 in a report on Tuesday, February 11th.

Remove Ads

Allient Company Profile

Allient Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries in the United States, Canada, South America, Europe, and Asia-Pacific. It offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products, as well as nano precision positioning systems, servo control systems, and digital servo amplifiers and drives.