Analysts Offer Predictions for Allient FY2024 Earnings

Allient Inc. (NASDAQ:ALNT - Free Report) - Equities researchers at Northland Capmk increased their FY2024 earnings per share estimates for shares of Allient in a research report issued on Monday, November 11th. Northland Capmk analyst E. Jackson now anticipates that the company will post earnings per share of $1.43 for the year, up from their prior estimate of $1.21. The consensus estimate for Allient's current full-year earnings is $1.39 per share. Northland Capmk also issued estimates for Allient's Q4 2024 earnings at $0.26 EPS, FY2025 earnings at $1.92 EPS, FY2026 earnings at $2.28 EPS and FY2027 earnings at $2.58 EPS.

Several other research firms also recently commented on ALNT. Craig Hallum cut their target price on Allient from $41.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Northland Securities dropped their price target on Allient from $35.00 to $30.00 and set a "market perform" rating for the company in a report on Friday, August 9th. Finally, Roth Mkm dropped their price target on Allient from $39.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, August 13th.

Allient Stock Performance

Shares of ALNT stock traded up $1.22 during mid-day trading on Wednesday, reaching $24.50. The stock had a trading volume of 323,953 shares, compared to its average volume of 100,439. The firm's 50 day simple moving average is $19.14 and its 200 day simple moving average is $23.42. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. Allient has a one year low of $16.91 and a one year high of $36.33. The firm has a market cap of $412.58 million, a PE ratio of 27.40 and a beta of 1.51.

Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. Allient had a return on equity of 10.80% and a net margin of 2.64%. The company had revenue of $125.21 million during the quarter, compared to the consensus estimate of $124.28 million. During the same quarter last year, the company earned $0.61 EPS.

Allient Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.03 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.49%. Allient's dividend payout ratio (DPR) is currently 13.64%.

Institutional Investors Weigh In On Allient

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC increased its stake in shares of Allient by 798.2% in the 2nd quarter. CWM LLC now owns 1,006 shares of the company's stock valued at $25,000 after buying an additional 894 shares during the period. Isthmus Partners LLC increased its stake in shares of Allient by 0.7% in the 2nd quarter. Isthmus Partners LLC now owns 98,165 shares of the company's stock valued at $25,000 after buying an additional 653 shares during the period. Shell Asset Management Co. acquired a new stake in shares of Allient during the first quarter worth $35,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Allient during the first quarter worth $49,000. Finally, Copeland Capital Management LLC acquired a new stake in shares of Allient during the third quarter worth $50,000. 61.57% of the stock is owned by institutional investors and hedge funds.

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.