Allient (NASDAQ:ALNT) Issues Earnings Results, Beats Expectations By $0.03 EPS

Allient (NASDAQ:ALNT) issued its earnings results on Wednesday. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03, Zacks reports. The business had revenue of $122.01 million during the quarter, compared to the consensus estimate of $119.72 million. Allient had a return on equity of 10.80% and a net margin of 2.64%.

Allient Stock Performance

Shares of ALNT opened at $25.31 on Friday. 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 stock has a 50-day moving average price of $25.30 and a 200-day moving average price of $22.79. The company has a market cap of $426.35 million, a PE ratio of 28.76 and a beta of 1.61. Allient has a 12-month low of $16.91 and a 12-month high of $36.33.

Allient Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.12 annualized dividend and a dividend yield of 0.47%. Allient’s payout ratio is currently 13.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ALNT shares. Northland Securities raised shares of Allient from a “market perform” rating to an “outperform” rating and increased their price target 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.

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.