Q1 2024 Earnings Estimate for Allient Inc. Issued By Northland Capmk (NASDAQ:ALNT)

Allient Inc. (NASDAQ:ALNT) – Analysts at Northland Capmk lowered their Q1 2024 earnings estimates for Allient in a research report issued to clients and investors on Wednesday, April 17th. Northland Capmk analyst E. Jackson now expects that the company will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.66. The consensus estimate for Allient’s current full-year earnings is $2.50 per share. Northland Capmk also issued estimates for Allient’s Q2 2024 earnings at $0.59 EPS, Q3 2024 earnings at $0.73 EPS, Q4 2024 earnings at $0.48 EPS, FY2024 earnings at $2.35 EPS, FY2025 earnings at $2.74 EPS, FY2026 earnings at $3.26 EPS and FY2027 earnings at $3.77 EPS.

Allient (NASDAQ:ALNT) last issued its earnings results on Tuesday, March 5th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.30. Allient had a net margin of 4.16% and a return on equity of 15.60%. The firm had revenue of $141.00 million for the quarter, compared to analyst estimates of $132.65 million.

A number of other brokerages have also weighed in on ALNT. Northland Securities restated a “market perform” rating and issued a $40.00 target price (down previously from $45.00) on shares of Allient in a research report on Thursday, March 7th. Roth Mkm lifted their price target on shares of Allient from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, March 7th.

Allient Stock Performance

Shares of Allient stock opened at $29.63 on Friday. Allient has a fifty-two week low of $25.12 and a fifty-two week high of $40.59. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.60 and a quick ratio of 1.36. The firm has a market capitalization of $496.01 million, a P/E ratio of 20.02 and a beta of 1.60. The company’s 50 day moving average price is $31.30 and its two-hundred day moving average price is $29.33.

Allient Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.40%. Allient’s dividend payout ratio (DPR) is presently 8.11%.

Insider Transactions at Allient

In related news, VP Ashish Bendre sold 20,382 shares of Allient stock in a transaction on Friday, March 8th. The shares were sold at an average price of $33.89, for a total transaction of $690,745.98. Following the completion of the transaction, the vice president now owns 36,350 shares of the company’s stock, valued at $1,231,901.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Ashish Bendre sold 20,382 shares of Allient stock in a transaction on Friday, March 8th. The shares were sold at an average price of $33.89, for a total transaction of $690,745.98. Following the completion of the transaction, the vice president now owns 36,350 shares of the company’s stock, valued at $1,231,901.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael R. Leach sold 5,000 shares of Allient stock in a transaction on Monday, March 18th. The stock was sold at an average price of $32.87, for a total transaction of $164,350.00. Following the transaction, the chief financial officer now directly owns 82,089 shares of the company’s stock, valued at approximately $2,698,265.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,382 shares of company stock worth $1,191,296. Company insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Allient

A number of hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Allient in the first quarter valued at $57,000. Denali Advisors LLC bought a new stake in Allient in the first quarter valued at $189,000. Mesirow Financial Investment Management Inc. bought a new stake in Allient in the first quarter valued at $288,000. Fisher Asset Management LLC bought a new stake in Allient in the fourth quarter valued at $1,003,000. Finally, Goldman Sachs Group Inc. bought a new stake in Allient in the fourth quarter valued at $1,494,000. Institutional investors own 61.57% of the company’s stock.

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.