Alliance Entertainment (NASDAQ:AENT – Get Free Report) announced its earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02, FiscalAI reports. Alliance Entertainment had a net margin of 1.14% and a return on equity of 20.29%. The company had revenue of $278.83 million for the quarter, compared to analysts’ expectations of $251.50 million.
Alliance Entertainment Price Performance
Shares of NASDAQ:AENT traded up $0.58 during midday trading on Thursday, hitting $5.17. The company had a trading volume of 58,809 shares, compared to its average volume of 78,365. Alliance Entertainment has a twelve month low of $4.20 and a twelve month high of $8.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.34 and a quick ratio of 0.65. The stock has a market cap of $263.46 million, a price-to-earnings ratio of 19.86 and a beta of 0.46. The business’s 50-day simple moving average is $4.77 and its 200-day simple moving average is $5.88.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded shares of Alliance Entertainment from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Monday, September 28th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.00.
View Our Latest Analysis on AENT
About Alliance Entertainment
Alliance Entertainment is a distributor and wholesaler of physical entertainment products, including vinyl records, CDs, DVDs, Blu-ray discs, video games, toys, collectibles, books and consumer electronics. The company supplies products from a broad range of studios, record labels, publishers and manufacturers. Its customers include retailers, e-commerce businesses and specialty stores. Alliance Entertainment also provides distribution and fulfillment services, helping businesses source and deliver entertainment products to consumers.
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