Allient (NASDAQ:ALNT) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Allient (NASDAQ:ALNT) released 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 Trading Up 2.2 %

ALNT stock traded up $0.52 during midday trading on Wednesday, hitting $23.74. The stock had a trading volume of 80,822 shares, compared to its average volume of 108,744. The firm has a market cap of $399.90 million, a P/E ratio of 26.98 and a beta of 1.61. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. Allient has a 1-year low of $16.91 and a 1-year high of $36.33. The business has a fifty day moving average price of $25.29 and a two-hundred day moving average price of $22.76.

Allient Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ALNT. Northland Capmk upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Northland Securities upgraded shares of Allient from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $35.00 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.