Allient (ALNT) Set to Announce Earnings on Wednesday

Allient (NASDAQ:ALNT) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Allient to post earnings of $0.21 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Allient (NASDAQ:ALNT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Allient had a return on equity of 13.04% and a net margin of 3.35%. The business had revenue of $136.03 million during the quarter, compared to analyst estimates of $137.55 million. During the same quarter last year, the firm 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 Up 2.7 %

NASDAQ ALNT traded up $0.49 on Tuesday, hitting $18.70. 21,227 shares of the stock traded hands, compared to its average volume of 95,647. The stock has a 50-day moving average of $19.05 and a 200 day moving average of $23.76. Allient has a twelve month low of $16.91 and a twelve month high of $36.33. The company has a market capitalization of $314.91 million, a P/E ratio of 15.70 and a beta of 1.51. The company has a current ratio of 3.90, a quick ratio of 2.00 and a debt-to-equity ratio of 0.89.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, August 22nd. Allient’s payout ratio is currently 10.34%.

Wall Street Analyst Weigh In

ALNT has been the topic of several research reports. Roth Mkm cut their price objective on Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Northland Securities cut their price objective on Allient from $35.00 to $30.00 and set a “market perform” rating on the stock in a research note on Friday, August 9th. Finally, Craig Hallum cut their price objective on Allient from $41.00 to $30.00 and set a “buy” rating on the stock in a research note 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.