Allient (ALNT) Set to Announce Quarterly Earnings on Wednesday

Allient (NASDAQ:ALNT) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Allient (NASDAQ:ALNT) last announced its quarterly earnings data 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 return on equity of 15.26% and a net margin of 4.26%. On average, analysts expect Allient to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Allient Trading Up 1.4 %

ALNT stock traded up $0.40 during midday trading on Wednesday, reaching $28.92. The stock had a trading volume of 462 shares, compared to its average volume of 78,052. The company has a quick ratio of 1.85, a current ratio of 3.56 and a debt-to-equity ratio of 0.90. Allient has a twelve month low of $23.61 and a twelve month high of $39.54. The firm has a market cap of $485.28 million, a price-to-earnings ratio of 18.89 and a beta of 1.56. The business has a fifty day simple moving average of $26.25 and a two-hundred day simple moving average of $28.85.

Allient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Wednesday, May 22nd. Allient’s dividend payout ratio (DPR) is currently 7.95%.

Wall Street Analyst Weigh In

Separately, Roth Mkm reduced their target price on Allient from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd.

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.