Zacks: Brokerages Expect Allied Motion Technologies, Inc. (AMOT) to Announce $0.36 EPS

Equities analysts expect Allied Motion Technologies, Inc. (NASDAQ:AMOT) to report earnings of $0.36 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Allied Motion Technologies’ earnings. Allied Motion Technologies reported earnings of $0.33 per share in the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The company is expected to report its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Allied Motion Technologies will report full-year earnings of $1.67 per share for the current financial year. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Allied Motion Technologies.

Allied Motion Technologies (NASDAQ:AMOT) last issued its earnings results on Thursday, August 2nd. The technology company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The firm had revenue of $79.98 million during the quarter. Allied Motion Technologies had a net margin of 4.04% and a return on equity of 16.27%.



AMOT has been the subject of several research analyst reports. BidaskClub upgraded shares of Allied Motion Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, August 25th. Zacks Investment Research cut shares of Allied Motion Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th.

Allied Motion Technologies stock opened at $44.45 on Friday. The company has a market capitalization of $515.73 million, a PE ratio of 36.09, a P/E/G ratio of 4.66 and a beta of 2.13. Allied Motion Technologies has a twelve month low of $26.25 and a twelve month high of $55.47. The company has a quick ratio of 1.59, a current ratio of 2.67 and a debt-to-equity ratio of 0.68.

Several institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of Allied Motion Technologies by 20.7% in the second quarter. Rhumbline Advisers now owns 6,813 shares of the technology company’s stock valued at $326,000 after buying an additional 1,168 shares during the period. First Trust Advisors LP boosted its holdings in shares of Allied Motion Technologies by 18.4% in the second quarter. First Trust Advisors LP now owns 7,952 shares of the technology company’s stock valued at $381,000 after buying an additional 1,234 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Allied Motion Technologies by 5.5% in the second quarter. California Public Employees Retirement System now owns 27,454 shares of the technology company’s stock valued at $1,314,000 after buying an additional 1,430 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Allied Motion Technologies by 16.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 13,933 shares of the technology company’s stock valued at $668,000 after buying an additional 1,959 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Allied Motion Technologies by 32.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,026 shares of the technology company’s stock valued at $432,000 after buying an additional 2,189 shares during the period. Institutional investors own 47.64% of the company’s stock.

About Allied Motion Technologies

Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.

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