FY2024 Earnings Estimate for Allient Issued By Roth Capital

Allient Inc. (NASDAQ:ALNT) – Roth Capital upped their FY2024 earnings per share (EPS) estimates for shares of Allient in a report released on Tuesday, November 12th. Roth Capital analyst G. Sweeney now anticipates that the company will post earnings per share of $1.43 for the year, up from their previous forecast of $1.36. The consensus estimate for Allient’s current full-year earnings is $1.39 per share.

Several other equities research analysts have also issued reports on the company. Roth Mkm dropped their price objective on Allient from $39.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Craig Hallum cut their price objective on Allient from $41.00 to $30.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Northland Securities decreased their price objective on shares of Allient from $35.00 to $30.00 and set a “market perform” rating on the stock in a research report on Friday, August 9th.

Allient Stock Down 0.1 %

Shares of NASDAQ:ALNT opened at $24.48 on Friday. The company has a market cap of $412.24 million, a price-to-earnings ratio of 27.82 and a beta of 1.51. Allient has a one year low of $16.91 and a one year high of $36.33. The firm has a fifty day moving average price of $19.21 and a two-hundred day moving average price of $23.43. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.21 by $0.10. The company had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same quarter in the previous year, the company earned $0.61 earnings per share.

Institutional Trading of Allient

Several hedge funds and other institutional investors have recently bought and sold shares of ALNT. Martingale Asset Management L P lifted its stake in Allient by 116.1% in the third quarter. Martingale Asset Management L P now owns 23,847 shares of the company’s stock worth $453,000 after purchasing an additional 12,813 shares during the last quarter. FMR LLC increased its holdings in shares of Allient by 843.2% in the third quarter. FMR LLC now owns 1,153,537 shares of the company’s stock worth $21,906,000 after buying an additional 1,031,243 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Allient in the 3rd quarter valued at about $386,000. Fisher Asset Management LLC lifted its stake in shares of Allient by 10.8% in the 3rd quarter. Fisher Asset Management LLC now owns 44,248 shares of the company’s stock valued at $840,000 after acquiring an additional 4,311 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in Allient in the third quarter valued at approximately $770,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a $0.03 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. Allient’s payout ratio is 13.64%.

Allient Company Profile

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.