FY2024 Earnings Forecast for Allient Issued By Roth Capital

Allient Inc. (NASDAQ:ALNT) – Equities research analysts at Roth Capital raised their FY2024 EPS estimates for shares of Allient in a note issued to investors on Tuesday, November 12th. Roth Capital analyst G. Sweeney now forecasts that the company will post earnings of $1.43 per share for the year, up from their previous estimate of $1.36. The consensus estimate for Allient’s current full-year earnings is $1.39 per share.

Several other research firms have also weighed in on ALNT. Northland Securities reduced their price objective on Allient from $35.00 to $30.00 and set a “market perform” rating on the stock in a research note on Friday, August 9th. Roth Mkm reduced their price target on shares of Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Finally, Craig Hallum lowered their price objective 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.

Allient Trading Down 1.0 %

Shares of ALNT opened at $24.24 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. Allient has a 52-week low of $16.91 and a 52-week high of $36.33. The firm has a market cap of $408.32 million, a price-to-earnings ratio of 27.55 and a beta of 1.51. The business’s fifty day moving average is $19.39 and its 200-day moving average is $23.39.

Allient (NASDAQ:ALNT) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. Allient had a net margin of 2.64% and a return on equity of 10.80%. The business had revenue of $125.21 million for the quarter, compared to analysts’ expectations of $124.28 million. During the same period last year, the firm posted $0.61 earnings per share.

Allient Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.03 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.50%. Allient’s payout ratio is presently 13.64%.

Institutional Trading of Allient

A number of hedge funds have recently made changes to their positions in ALNT. Shell Asset Management Co. acquired a new position in shares of Allient in the first quarter valued at approximately $35,000. CWM LLC raised its stake in shares of Allient by 798.2% during the second quarter. CWM LLC now owns 1,006 shares of the company’s stock valued at $25,000 after acquiring an additional 894 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Allient during the first quarter worth $49,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Allient in the first quarter worth $57,000. Finally, Point72 DIFC Ltd acquired a new stake in Allient in the third quarter valued at $33,000. 61.57% of the stock is owned by institutional investors and hedge funds.

About Allient

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.