Northland Capmk Has Positive View of Allient FY2024 Earnings

Allient Inc. (NASDAQ:ALNT) – Analysts at Northland Capmk increased their FY2024 earnings estimates for Allient in a report issued on Monday, November 11th. Northland Capmk analyst E. Jackson now expects that the company will post earnings of $1.43 per share for the year, up from their previous forecast of $1.21. The consensus estimate for Allient’s current full-year earnings is $1.39 per share. Northland Capmk also issued estimates for Allient’s Q4 2024 earnings at $0.26 EPS, FY2025 earnings at $1.92 EPS, FY2026 earnings at $2.28 EPS and FY2027 earnings at $2.58 EPS.

ALNT has been the topic of several other reports. Roth Mkm cut their target price 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. Craig Hallum cut their price objective on shares of Allient from $41.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Northland Securities decreased their target price on Allient from $35.00 to $30.00 and set a “market perform” rating for the company in a research report on Friday, August 9th.

Allient Price Performance

Shares of ALNT opened at $24.48 on Wednesday. The firm has a market cap of $412.24 million, a PE ratio of 28.00 and a beta of 1.51. Allient has a 52-week low of $16.91 and a 52-week high of $36.33. The business’s 50 day moving average price is $19.21 and its two-hundred day moving average price is $23.43. 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 (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 return on equity of 10.80% and a net margin of 2.64%. The company had revenue of $125.21 million for the quarter, compared to the consensus estimate of $124.28 million. During the same period in the previous year, the business earned $0.61 EPS.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. CWM LLC lifted its position in Allient by 798.2% in the 2nd quarter. CWM LLC now owns 1,006 shares of the company’s stock valued at $25,000 after acquiring an additional 894 shares in the last quarter. Isthmus Partners LLC lifted its holdings in shares of Allient by 0.7% in the second quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock valued at $25,000 after purchasing an additional 653 shares in the last quarter. Shell Asset Management Co. purchased a new position in shares of Allient during the first quarter valued at approximately $35,000. Ameritas Investment Partners Inc. bought a new stake in Allient during the first quarter worth $49,000. Finally, Copeland Capital Management LLC purchased a new stake in Allient in the 3rd quarter valued at $50,000. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. Allient’s dividend payout ratio (DPR) is presently 13.64%.

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.