Equities Analysts Set Expectations for Allient Inc.’s Q2 2024 Earnings (NASDAQ:ALNT)

Allient Inc. (NASDAQ:ALNT) – Investment analysts at Roth Capital lowered their Q2 2024 EPS estimates for Allient in a research note issued on Wednesday, May 22nd. Roth Capital analyst G. Sweeney now forecasts that the company will post earnings per share of $0.43 for the quarter, down from their prior forecast of $0.55. The consensus estimate for Allient’s current full-year earnings is $2.02 per share.

Several other analysts also recently commented on the stock. Northland Securities reiterated a “market perform” rating and issued a $40.00 price objective (down previously from $45.00) on shares of Allient in a research note on Thursday, March 7th. Roth Mkm dropped their price objective on shares of Allient from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday.

Allient Trading Up 0.0 %

Shares of ALNT stock opened at $26.70 on Thursday. Allient has a fifty-two week low of $25.12 and a fifty-two week high of $40.59. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.85 and a current ratio of 3.56. The stock has a 50 day simple moving average of $31.05 and a two-hundred day simple moving average of $29.46. The company has a market cap of $448.03 million, a P/E ratio of 17.68 and a beta of 1.64.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data 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. Allient had a return on equity of 15.26% and a net margin of 4.26%. The firm had revenue of $141.00 million during the quarter, compared to analyst estimates of $132.65 million.

Hedge Funds Weigh In On Allient

A number of hedge funds and other institutional investors have recently made changes to their positions in ALNT. Virtu Financial LLC purchased a new position in Allient in the first quarter valued at about $414,000. Hancock Whitney Corp bought a new stake in shares of Allient during the first quarter valued at about $218,000. California State Teachers Retirement System bought a new stake in Allient during the 1st quarter worth approximately $514,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Allient in the first quarter worth $1,332,000. Finally, Janus Henderson Group PLC bought a new stake in Allient during the first quarter valued at $222,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Ashish Bendre sold 20,382 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $33.89, for a total value of $690,745.98. Following the completion of the sale, the vice president now owns 36,350 shares in the company, valued at $1,231,901.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Allient news, CFO Michael R. Leach sold 5,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $32.87, for a total value of $164,350.00. Following 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 can be accessed through the SEC website. Also, VP Ashish Bendre sold 20,382 shares of the firm’s 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 sale, the vice president now directly owns 36,350 shares of the company’s stock, valued at $1,231,901.50. The disclosure for this sale can be found here. Insiders have sold 35,382 shares of company stock valued at $1,191,296 in the last three months. 15.60% of the stock is currently owned by insiders.

Allient Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Wednesday, May 22nd. Allient’s dividend payout ratio (DPR) is presently 7.95%.

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.