Allient (NASDAQ:ALNT) Announces Quarterly Earnings Results

Allient (NASDAQ:ALNT) released its quarterly earnings results on Wednesday. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10, Zacks reports. The business had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $124.28 million. Allient had a net margin of 3.35% and a return on equity of 13.04%. During the same quarter in the previous year, the company earned $0.61 EPS.

Allient Trading Down 1.9 %

Allient stock traded down $0.41 during mid-day trading on Friday, hitting $21.41. The company’s stock had a trading volume of 44,671 shares, compared to its average volume of 98,173. The business has a 50 day moving average price of $19.01 and a 200-day moving average price of $23.65. Allient has a 12 month low of $16.91 and a 12 month high of $36.33. The stock has a market cap of $360.63 million, a price-to-earnings ratio of 24.89 and a beta of 1.51. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.90 and a quick ratio of 2.00.

Allient Announces Dividend

The firm 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. This represents a $0.12 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Thursday, November 21st. Allient’s payout ratio is presently 13.64%.

Analyst Ratings Changes

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

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.