Allegro MicroSystems (ALGM) to Release Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGMGet Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Allegro MicroSystems to post earnings of $0.06 per share and revenue of $176,450.00 billion for the quarter. Allegro MicroSystems has set its Q3 guidance at $0.04-0.08 EPS and its Q3 2025 guidance at 0.040-0.080 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Allegro MicroSystems (NASDAQ:ALGMGet Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. Allegro MicroSystems had a positive return on equity of 8.48% and a negative net margin of 2.96%. The firm had revenue of $187.39 million for the quarter, compared to the consensus estimate of $187.52 million. During the same quarter in the prior year, the business earned $0.36 EPS. The business’s revenue for the quarter was down 32.0% compared to the same quarter last year.

Allegro MicroSystems Stock Down 4.6 %

NASDAQ:ALGM opened at $23.23 on Tuesday. The stock’s fifty day moving average price is $22.44 and its two-hundred day moving average price is $22.88. Allegro MicroSystems has a 52-week low of $18.59 and a 52-week high of $33.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.80 and a current ratio of 4.22. The company has a market cap of $4.27 billion, a price-to-earnings ratio of -165.92 and a beta of 1.65.

Insider Activity at Allegro MicroSystems

In other news, SVP Michael Doogue acquired 15,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $19.00 per share, for a total transaction of $285,000.00. Following the transaction, the senior vice president now directly owns 246,086 shares in the company, valued at approximately $4,675,634. This represents a 6.49 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Loop Capital assumed coverage on Allegro MicroSystems in a report on Tuesday, November 12th. They set a “buy” rating and a $30.00 price objective on the stock. Morgan Stanley assumed coverage on Allegro MicroSystems in a report on Thursday, November 7th. They set an “equal weight” rating and a $21.00 price objective on the stock. Barclays upped their price objective on Allegro MicroSystems from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC dropped their target price on shares of Allegro MicroSystems from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Mizuho set a $26.00 target price on shares of Allegro MicroSystems in a research report on Friday, October 18th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.91.

Read Our Latest Analysis on ALGM

About Allegro MicroSystems

(Get Free Report)

Allegro MicroSystems, Inc, together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.

See Also

Earnings History for Allegro MicroSystems (NASDAQ:ALGM)

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