Allient (NASDAQ:ALNT) Releases Earnings Results, Beats Expectations By $0.33 EPS

Allient (NASDAQ:ALNT) released its earnings results on Wednesday. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.33, FiscalAI reports. The firm had revenue of $164.40 million for the quarter, compared to the consensus estimate of $154.48 million. Allient had a net margin of 4.98% and a return on equity of 13.55%.

Allient Stock Performance

Shares of NASDAQ:ALNT traded down $0.16 during midday trading on Thursday, reaching $79.40. 32,775 shares of the company’s stock traded hands, compared to its average volume of 222,115. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 3.42. Allient has a one year low of $44.30 and a one year high of $121.42. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 45.43 and a beta of 1.62. The stock has a 50 day moving average of $99.28 and a 200 day moving average of $82.72.

Allient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be given a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.16 annualized dividend and a yield of 0.2%. Allient’s dividend payout ratio is 9.41%.

Insider Activity at Allient

In other Allient news, CEO Richard Warzala sold 70,000 shares of Allient stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $113.58, for a total value of $7,950,600.00. Following the completion of the sale, the chief executive officer owned 1,499,106 shares of the company’s stock, valued at approximately $170,268,459.48. The trade was a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 15.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Allient from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. Zacks Research cut shares of Allient from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. downgraded shares of Allient from an “overweight” rating to a “neutral” rating and set a $120.00 target price for the company. in a research note on Tuesday, October 13th. Finally, Weiss Ratings lowered shares of Allient from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.00.

Allient Company Profile

Allient Inc (NASDAQ: ALNT) designs and manufactures precision and engineered products that control motion, power, and electromagnetic energy. Its portfolio includes motors, motion-control systems, electronic controls, power electronics, magnetic components, and related assemblies used in demanding industrial applications.

The company serves customers in markets such as medical equipment, aerospace and defense, industrial automation, robotics, transportation, and other specialized equipment industries.