Allient (ALNT) Scheduled to Post Earnings on Wednesday

Allient (NASDAQ:ALNT - Get Free Report) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.11). The firm had revenue of $136.03 million for the quarter, compared to analysts' expectations of $137.55 million. Allient had a net margin of 3.35% and a return on equity of 13.04%. During the same quarter last year, the company posted $0.58 EPS. On average, analysts expect Allient to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Allient Stock Performance

NASDAQ:ALNT traded down $0.02 on Wednesday, hitting $17.56. The stock had a trading volume of 116,329 shares, compared to its average volume of 95,060. The business's 50-day simple moving average is $19.24 and its two-hundred day simple moving average is $24.06. The stock has a market cap of $294.59 million, a price-to-earnings ratio of 11.63 and a beta of 1.50. Allient has a 52-week low of $16.91 and a 52-week high of $36.33. The company has a quick ratio of 2.00, a current ratio of 3.90 and a debt-to-equity ratio of 0.89.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, August 22nd. Allient's payout ratio is 7.95%.

Wall Street Analysts Forecast Growth

ALNT has been the topic of several recent research reports. Roth Mkm decreased their price target on shares of Allient from $39.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, August 13th. Craig Hallum reduced their price objective on Allient from $41.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, Northland Securities lowered their target price on Allient from $35.00 to $30.00 and set a "market perform" rating on the stock in a research report on Friday, August 9th.

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.