Allient (NASDAQ:ALNT) Issues Quarterly Earnings Results

Allient (NASDAQ:ALNT) issued its quarterly earnings results on Wednesday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03, Zacks reports. Allient had a net margin of 2.64% and a return on equity of 10.80%.

Allient Stock Performance

NASDAQ ALNT traded up $0.52 during trading on Wednesday, reaching $23.74. The company’s stock had a trading volume of 80,818 shares, compared to its average volume of 108,727. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $399.90 million, a price-to-earnings ratio of 26.98 and a beta of 1.61. Allient has a 12 month low of $16.91 and a 12 month high of $36.33. The firm has a 50 day moving average price of $25.29 and a 200 day moving average price of $22.76.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.51%. Allient’s dividend payout ratio is currently 13.64%.

Analyst Ratings Changes

ALNT has been the subject of several research analyst reports. Northland Securities raised shares of Allient from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $35.00 in a report on Tuesday, February 11th. Northland Capmk raised shares of Allient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th.

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.