Allient (ALNT) Scheduled to Post Quarterly Earnings on Wednesday

Allient (NASDAQ:ALNT) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Allient (NASDAQ:ALNT) last announced its earnings results on Tuesday, March 5th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.30. The business had revenue of $141.00 million during the quarter, compared to the consensus estimate of $132.65 million. Allient had a return on equity of 15.60% and a net margin of 4.16%. On average, analysts expect Allient to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Allient Trading Up 1.0 %

Shares of ALNT stock opened at $30.22 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.60 and a quick ratio of 1.36. The company has a market cap of $505.88 million, a price-to-earnings ratio of 20.42 and a beta of 1.64. The stock has a 50 day simple moving average of $31.57 and a 200-day simple moving average of $29.32. Allient has a 1-year low of $25.12 and a 1-year high of $40.59.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Tuesday, March 19th. Allient’s payout ratio is 8.11%.

Insiders Place Their Bets

In other news, CFO Michael R. Leach sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $32.87, for a total value of $164,350.00. Following the completion of the transaction, the chief financial officer now owns 82,089 shares of the company’s stock, valued at $2,698,265.43. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Ashish Bendre sold 20,382 shares of Allient stock in a transaction on Friday, March 8th. The shares were sold at an average price of $33.89, for a total value of $690,745.98. Following the transaction, the vice president now directly owns 36,350 shares of the company’s stock, valued at approximately $1,231,901.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael R. Leach sold 5,000 shares of Allient stock in a transaction on Monday, March 18th. The shares were sold at an average price of $32.87, for a total transaction of $164,350.00. Following the completion of the transaction, the chief financial officer now owns 82,089 shares in the company, valued at $2,698,265.43. The disclosure for this sale can be found here. Insiders sold a total of 35,382 shares of company stock valued at $1,191,296 over the last 90 days. 15.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Northland Securities restated a “market perform” rating and issued a $40.00 price objective (down previously from $45.00) on shares of Allient in a report on Thursday, March 7th. Roth Mkm lifted their target price on shares of Allient from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th.

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.