Roth Capital Has Strong Estimate for Allient FY2024 Earnings

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

Several other brokerages have also issued reports on ALNT. Northland Securities dropped their price target on Allient from $35.00 to $30.00 and set a “market perform” rating for the company in a research note on Friday, August 9th. Roth Mkm cut their target price on Allient from $39.00 to $28.00 and set a “buy” rating for the company 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 report on Friday, August 9th.

Allient Stock Performance

Allient stock opened at $24.24 on Friday. Allient has a fifty-two week low of $16.91 and a fifty-two week high of $36.33. The firm’s fifty day moving average price is $19.29 and its 200-day moving average price is $23.43. The stock has a market cap of $408.32 million, a P/E ratio of 27.55 and a beta of 1.51. 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 posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.10. Allient had a net margin of 2.64% and a return on equity of 10.80%. The company had revenue of $125.21 million for the quarter, compared to analysts’ expectations of $124.28 million. During the same period in the prior year, the business earned $0.61 earnings per share.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors 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 yield of 0.50%. Allient’s payout ratio is 13.64%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. CWM LLC boosted its position in Allient by 798.2% during the 2nd quarter. CWM LLC now owns 1,006 shares of the company’s stock valued at $25,000 after buying an additional 894 shares during the period. Isthmus Partners LLC boosted its holdings in shares of Allient by 0.7% during the second quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock worth $25,000 after purchasing an additional 653 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Allient in the third quarter worth about $33,000. Shell Asset Management Co. purchased a new position in Allient during the 1st quarter valued at about $35,000. Finally, Ameritas Investment Partners Inc. bought a new position in Allient during the 1st quarter valued at approximately $49,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

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.