Northland Capmk Has Positive View of Allient FY2024 Earnings

Allient Inc. (NASDAQ:ALNT) – Stock analysts at Northland Capmk lifted their FY2024 EPS estimates for Allient in a report released on Monday, November 11th. Northland Capmk analyst E. Jackson now expects that the company will post earnings per share of $1.43 for the year, up from their previous forecast of $1.21. The consensus estimate for Allient’s current full-year earnings is $1.29 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.

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

ALNT has been the topic of several other reports. Roth Mkm decreased their price target on Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Craig Hallum cut their price target on shares of 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 reduced their price target on shares of Allient from $35.00 to $30.00 and set a “market perform” rating for the company in a research report on Friday, August 9th.

Allient Price Performance

Shares of NASDAQ ALNT opened at $23.28 on Wednesday. The stock has a fifty day moving average of $19.09 and a 200-day moving average of $23.47. The stock has a market cap of $392.04 million, a PE ratio of 26.45 and a beta of 1.51. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. Allient has a fifty-two week low of $16.91 and a fifty-two week high of $36.33.

Allient Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Thursday, November 21st. Allient’s dividend payout ratio is currently 13.64%.

Institutional Investors Weigh In On Allient

Several hedge funds have recently bought and sold shares of the stock. Shell Asset Management Co. purchased a new stake in shares of Allient during the 1st quarter valued at $35,000. CWM LLC lifted its stake in Allient by 798.2% during the second quarter. CWM LLC now owns 1,006 shares of the company’s stock worth $25,000 after purchasing an additional 894 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Allient in the 1st quarter worth about $49,000. Allspring Global Investments Holdings LLC bought a new position in shares of Allient during the 1st quarter valued at about $57,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Allient during the 1st quarter valued at about $70,000. 61.57% of the stock is currently owned by institutional investors.

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.