Northland Capmk Weighs in on Allient FY2028 Earnings

Allient Inc. (NASDAQ:ALNT) – Research analysts at Northland Capmk issued their FY2028 earnings per share estimates for Allient in a report issued on Friday, March 7th. Northland Capmk analyst E. Jackson anticipates that the company will post earnings per share of $2.75 for the year. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Allient’s current full-year earnings is $1.43 per share. Northland Capmk also issued estimates for Allient’s FY2029 earnings at $2.97 EPS.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03. Allient had a return on equity of 10.80% and a net margin of 2.64%. The business had revenue of $122.01 million during the quarter, compared to the consensus estimate of $119.72 million.

Separately, Northland Securities raised Allient from a “market perform” rating to an “outperform” rating and upped their target price for the company from $30.00 to $35.00 in a report on Tuesday, February 11th.

Allient Trading Down 7.7 %

Shares of NASDAQ ALNT opened at $23.36 on Monday. Allient has a 12 month low of $16.91 and a 12 month high of $36.33. The company has a market cap of $393.50 million, a price-to-earnings ratio of 26.55 and a beta of 1.59. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $25.29 and a 200-day simple moving average of $22.83.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, March 20th. Allient’s dividend payout ratio is currently 15.00%.

Institutional Investors Weigh In On Allient

Several hedge funds have recently bought and sold shares of ALNT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Allient by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,346 shares of the company’s stock worth $203,000 after purchasing an additional 380 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Allient by 1.3% during the 4th quarter. Gabelli Funds LLC now owns 77,569 shares of the company’s stock worth $1,883,000 after purchasing an additional 1,000 shares in the last quarter. Aquatic Capital Management LLC raised its stake in shares of Allient by 17.1% during the 4th quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company’s stock worth $191,000 after purchasing an additional 1,147 shares in the last quarter. Meixler Investment Management Ltd. raised its stake in shares of Allient by 11.6% during the 3rd quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company’s stock worth $214,000 after purchasing an additional 1,172 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of Allient during the 4th quarter worth about $32,000. 61.57% of the stock is owned by hedge funds and other 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.