Zacks: Analysts Anticipate Allied Motion Technologies, Inc. (NASDAQ:AMOT) to Announce $0.30 Earnings Per Share

Posted by Grant Hamersma on Dec 3rd, 2019

Equities research analysts expect Allied Motion Technologies, Inc. (NASDAQ:AMOT) to announce earnings per share of $0.30 for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Allied Motion Technologies’ earnings. Allied Motion Technologies posted earnings of $0.28 per share in the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The firm is scheduled to report its next earnings results on Wednesday, March 11th.

On average, analysts expect that Allied Motion Technologies will report full year earnings of $1.73 per share for the current year. For the next year, analysts anticipate that the business will report earnings of $2.30 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Allied Motion Technologies.

Allied Motion Technologies (NASDAQ:AMOT) last announced its earnings results on Thursday, October 31st. The technology company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.40 by $0.09. Allied Motion Technologies had a net margin of 4.53% and a return on equity of 15.67%. The firm had revenue of $96.63 million for the quarter.

Several research firms recently weighed in on AMOT. ValuEngine raised Allied Motion Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 6th. Zacks Investment Research raised Allied Motion Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 7th. BidaskClub raised Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of Allied Motion Technologies in a research report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.00.

In other news, Director Richard D. /Co/ Smith sold 5,000 shares of Allied Motion Technologies stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $38.00, for a total transaction of $190,000.00. Following the sale, the director now owns 1,887 shares of the company’s stock, valued at approximately $71,706. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard D. Federico sold 2,000 shares of Allied Motion Technologies stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $45.03, for a total value of $90,060.00. Following the sale, the director now directly owns 39,471 shares in the company, valued at approximately $1,777,379.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,300 shares of company stock valued at $2,179,915. Insiders own 23.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of AMOT. Man Group plc increased its holdings in Allied Motion Technologies by 7.6% in the 3rd quarter. Man Group plc now owns 52,303 shares of the technology company’s stock valued at $1,847,000 after buying an additional 3,700 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Allied Motion Technologies by 1.9% during the 3rd quarter. Gabelli Funds LLC now owns 27,000 shares of the technology company’s stock worth $953,000 after acquiring an additional 500 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Allied Motion Technologies by 259.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 26,600 shares of the technology company’s stock valued at $939,000 after acquiring an additional 19,200 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Allied Motion Technologies by 35.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 132,147 shares of the technology company’s stock valued at $4,666,000 after acquiring an additional 34,282 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Allied Motion Technologies by 4.7% in the third quarter. California Public Employees Retirement System now owns 25,607 shares of the technology company’s stock valued at $904,000 after acquiring an additional 1,153 shares during the period. 55.80% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:AMOT opened at $44.75 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.42 and a current ratio of 2.49. The stock’s 50-day moving average is $41.44 and its 200-day moving average is $37.26. The company has a market cap of $430.08 million, a P/E ratio of 24.89, a P/E/G ratio of 2.59 and a beta of 1.46. Allied Motion Technologies has a 52-week low of $30.98 and a 52-week high of $52.20.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.27%. The ex-dividend date was Wednesday, November 13th. Allied Motion Technologies’s payout ratio is currently 7.06%.

About Allied Motion Technologies

Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.