FY2024 Earnings Estimate for Allient Issued By Roth Capital

Allient Inc. (NASDAQ:ALNT) – Equities research analysts at Roth Capital increased their FY2024 earnings per share estimates for shares of Allient in a report released on Tuesday, November 12th. Roth Capital analyst G. Sweeney now anticipates that the company will earn $1.43 per share for the year, up from their prior estimate of $1.36. The consensus estimate for Allient’s current full-year earnings is $1.39 per share.

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

Allient Stock Down 0.1 %

Allient stock opened at $24.48 on Friday. The firm has a market capitalization of $412.24 million, a price-to-earnings ratio of 27.82 and a beta of 1.51. The firm’s fifty day moving average price is $19.21 and its two-hundred day moving average price is $23.43. Allient has a 1-year low of $16.91 and a 1-year 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.

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

Allient Announces Dividend

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 given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.49%. Allient’s dividend payout ratio is currently 13.64%.

Hedge Funds Weigh In On Allient

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Allient by 843.2% in the 3rd quarter. FMR LLC now owns 1,153,537 shares of the company’s stock worth $21,906,000 after buying an additional 1,031,243 shares during the last quarter. Juniper Investment Company LLC purchased a new position in Allient in the first quarter valued at about $27,069,000. Vanguard Group Inc. boosted its stake in Allient by 1.3% in the first quarter. Vanguard Group Inc. now owns 728,813 shares of the company’s stock valued at $26,004,000 after acquiring an additional 9,680 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Allient by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company’s stock valued at $16,552,000 after acquiring an additional 32,455 shares during the period. Finally, Pinnacle Associates Ltd. increased its stake in shares of Allient by 7.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 267,806 shares of the company’s stock worth $5,086,000 after purchasing an additional 19,622 shares during the last quarter. Hedge funds and other institutional investors own 61.57% of the company’s stock.

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.