Q2 2024 EPS Estimates for Allient Inc. Decreased by Northland Capmk (NASDAQ:ALNT)

Allient Inc. (NASDAQ:ALNT - Free Report) - Research analysts at Northland Capmk cut their Q2 2024 earnings estimates for shares of Allient in a note issued to investors on Monday, June 17th. Northland Capmk analyst E. Jackson now forecasts that the company will post earnings of $0.36 per share for the quarter, down from their prior estimate of $0.37. The consensus estimate for Allient's current full-year earnings is $1.87 per share. Northland Capmk also issued estimates for Allient's Q3 2024 earnings at $0.51 EPS, Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $1.79 EPS, FY2025 earnings at $2.32 EPS, FY2026 earnings at $2.89 EPS and FY2027 earnings at $3.43 EPS.

ALNT has been the topic of a number of other reports. Northland Securities reissued a "market perform" rating and set a $40.00 price target (down from $45.00) on shares of Allient in a research report on Thursday, March 7th. Roth Mkm reduced their price target on shares of Allient from $42.00 to $39.00 and set a "buy" rating on the stock in a research report on Wednesday, May 22nd.

Allient Trading Up 3.7 %

Shares of NASDAQ ALNT traded up $0.92 during midday trading on Tuesday, reaching $25.76. 89,046 shares of the stock were exchanged, compared to its average volume of 71,874. The business has a 50-day simple moving average of $28.45 and a two-hundred day simple moving average of $29.47. The company has a market capitalization of $432.25 million, a price-to-earnings ratio of 17.06 and a beta of 1.60. Allient has a 12 month low of $24.15 and a 12 month high of $40.59. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.56 and a quick ratio of 1.85.

Allient (NASDAQ:ALNT - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. The firm had revenue of $146.71 million during the quarter, compared to analyst estimates of $145.84 million. Allient had a net margin of 4.26% and a return on equity of 15.26%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Shell Asset Management Co. acquired a new position in shares of Allient during the 1st quarter worth about $35,000. New York State Teachers Retirement System acquired a new position in Allient in the 1st quarter valued at about $41,000. Ameritas Investment Partners Inc. acquired a new position in Allient in the 1st quarter valued at about $49,000. Allspring Global Investments Holdings LLC bought a new stake in Allient in the 1st quarter valued at about $57,000. Finally, EntryPoint Capital LLC bought a new stake in Allient in the 1st quarter valued at about $70,000. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.12 annualized dividend and a yield of 0.47%. Allient's dividend payout ratio (DPR) is presently 7.95%.

About Allient

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.