Allient (NASDAQ:ALNT) Issues Earnings Results, Beats Estimates By $0.03 EPS

Allient (NASDAQ:ALNT) released its quarterly earnings data on Wednesday. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03, Zacks reports. Allient had a net margin of 2.64% and a return on equity of 10.80%.

Allient Trading Up 2.2 %

Shares of ALNT stock traded up $0.52 during trading hours on Wednesday, hitting $23.74. 80,818 shares of the company’s stock traded hands, compared to its average volume of 108,727. The stock’s 50 day simple moving average is $25.29 and its 200 day simple moving average is $22.76. The stock has a market cap of $399.90 million, a PE ratio of 26.98 and a beta of 1.61. Allient has a 12 month low of $16.91 and a 12 month high of $36.33. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85.

Allient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.51%. Allient’s payout ratio is currently 13.64%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ALNT shares. Northland Securities upgraded shares of Allient from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $30.00 to $35.00 in a research report on Tuesday, February 11th. Northland Capmk upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

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.