Q1 2024 Earnings Estimate for Allient Inc. (NASDAQ:ALNT) Issued By Northland Capmk

Allient Inc. (NASDAQ:ALNT) – Northland Capmk cut their Q1 2024 earnings per share (EPS) estimates for Allient in a research note issued to investors on Wednesday, April 17th. Northland Capmk analyst E. Jackson now forecasts that the company will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.66. The consensus estimate for Allient’s current full-year earnings is $2.50 per share. Northland Capmk also issued estimates for Allient’s Q2 2024 earnings at $0.59 EPS, Q3 2024 earnings at $0.73 EPS, Q4 2024 earnings at $0.48 EPS, FY2024 earnings at $2.35 EPS, FY2025 earnings at $2.74 EPS, FY2026 earnings at $3.26 EPS and FY2027 earnings at $3.77 EPS.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.30. Allient had a return on equity of 15.60% and a net margin of 4.16%. The firm had revenue of $141.00 million for the quarter, compared to analyst estimates of $132.65 million.

ALNT has been the subject of several other research reports. Northland Securities reiterated a “market perform” rating and set a $40.00 price target (down previously from $45.00) on shares of Allient in a report on Thursday, March 7th. Roth Mkm upped their price objective on Allient from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, March 7th.

Allient Trading Down 0.3 %

NASDAQ ALNT opened at $29.10 on Friday. The business has a 50 day moving average price of $31.27 and a 200-day moving average price of $29.33. Allient has a 52 week low of $25.12 and a 52 week high of $40.59. The company has a market cap of $487.13 million, a price-to-earnings ratio of 19.66 and a beta of 1.60. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 0.87.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.12 dividend on an annualized basis and a yield of 0.41%. Allient’s dividend payout ratio (DPR) is presently 8.11%.

Insider Buying and Selling at Allient

In other Allient news, CFO Michael R. Leach sold 5,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $34.25, for a total value of $171,250.00. Following the completion of the transaction, the chief financial officer now owns 92,089 shares in the company, valued at approximately $3,154,048.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Allient news, CFO Michael R. Leach sold 5,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $34.25, for a total transaction of $171,250.00. Following the sale, the chief financial officer now directly owns 92,089 shares of the company’s stock, valued at $3,154,048.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Ashish Bendre sold 20,382 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $33.89, for a total transaction of $690,745.98. Following the transaction, the vice president now owns 36,350 shares of the company’s stock, valued at approximately $1,231,901.50. The disclosure for this sale can be found here. Insiders sold 35,382 shares of company stock worth $1,191,296 in the last quarter. 15.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Allient

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in Allient during the fourth quarter valued at approximately $21,725,000. Wasatch Advisors LP purchased a new position in shares of Allient during the first quarter worth approximately $20,914,000. Confluence Investment Management LLC purchased a new position in shares of Allient during the first quarter worth approximately $3,346,000. Goldman Sachs Group Inc. purchased a new position in shares of Allient during the fourth quarter worth approximately $1,494,000. Finally, Fisher Asset Management LLC purchased a new position in shares of Allient during the fourth quarter worth approximately $1,003,000. 61.57% of the stock is currently owned by 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.