Allient (NASDAQ:ALNT) Announces Earnings Results

Allient (NASDAQ:ALNT) released its quarterly earnings results on Wednesday. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03, Zacks reports. The company had revenue of $122.01 million during the quarter, compared to analysts’ expectations of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%.

Allient Trading Up 2.2 %

NASDAQ ALNT opened at $23.74 on Thursday. Allient has a 12 month low of $16.91 and a 12 month high of $36.33. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average of $25.29 and a 200-day moving average of $22.77. The company has a market cap of $399.90 million, a PE ratio of 26.98 and a beta of 1.61.

Allient Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.51%. Allient’s dividend payout ratio (DPR) is 13.64%.

Analyst Ratings Changes

A number of analysts have recently commented on ALNT shares. Northland Securities upgraded Allient from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $35.00 in a report on Tuesday, February 11th. Northland Capmk raised Allient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

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.