FY2024 EPS Estimates for Allient Lifted by Northland Capmk

Allient Inc. (NASDAQ:ALNTFree Report) – Northland Capmk boosted their FY2024 EPS estimates for shares of Allient in a note issued to investors on Monday, November 11th. Northland Capmk analyst E. Jackson now expects that the company will post earnings of $1.43 per share for the year, up from their prior forecast of $1.21. The consensus estimate for Allient’s current full-year earnings is $1.39 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:ALNTGet Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.10. The firm had revenue of $125.21 million for the quarter, compared to the consensus estimate of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same quarter in the prior year, the firm posted $0.61 earnings per share.

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

Read Our Latest Analysis on ALNT

Allient Stock Performance

ALNT stock opened at $24.50 on Wednesday. The stock has a market capitalization of $412.58 million, a PE ratio of 27.40 and a beta of 1.51. The stock’s 50 day simple moving average is $19.14 and its 200 day simple moving average is $23.42. 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.

Hedge Funds Weigh In On Allient

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC increased its position in Allient by 798.2% in the second quarter. CWM LLC now owns 1,006 shares of the company’s stock worth $25,000 after buying an additional 894 shares in the last quarter. Isthmus Partners LLC increased its holdings in Allient by 0.7% in the 2nd quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock worth $25,000 after acquiring an additional 653 shares in the last quarter. Shell Asset Management Co. bought a new stake in Allient during the 1st quarter worth approximately $35,000. Ameritas Investment Partners Inc. purchased a new position in Allient during the first quarter valued at approximately $49,000. Finally, Copeland Capital Management LLC bought a new position in shares of Allient in the third quarter worth approximately $50,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Thursday, November 21st. Allient’s dividend payout ratio (DPR) is presently 13.64%.

About Allient

(Get Free Report)

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.

See Also

Earnings History and Estimates for Allient (NASDAQ:ALNT)

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