Q1 2024 Earnings Estimate for Allient Inc. (NASDAQ:ALNT) Issued By Northland Capmk

Allient Inc. (NASDAQ:ALNT) – Analysts at Northland Capmk reduced their Q1 2024 earnings estimates for shares of Allient in a research report issued to clients and investors on Wednesday, April 17th. Northland Capmk analyst E. Jackson now forecasts that the company will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.66. The consensus estimate for Allient’s current full-year earnings is $2.50 per share. Northland Capmk also issued estimates for Allient’s Q2 2024 earnings at $0.59 EPS, Q3 2024 earnings at $0.73 EPS, Q4 2024 earnings at $0.48 EPS, FY2024 earnings at $2.35 EPS, FY2025 earnings at $2.74 EPS, FY2026 earnings at $3.26 EPS and FY2027 earnings at $3.77 EPS.

ALNT has been the subject of a number of other reports. Northland Securities reaffirmed a “market perform” rating and issued a $40.00 price target (down from $45.00) on shares of Allient in a report on Thursday, March 7th. Roth Mkm lifted their price target on Allient from $38.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, March 7th.

Allient Stock Performance

Allient stock opened at $29.10 on Friday. The stock has a 50-day simple moving average of $31.27 and a 200 day simple moving average of $29.33. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 0.87. Allient has a 12-month low of $25.12 and a 12-month high of $40.59. The stock has a market capitalization of $487.13 million, a price-to-earnings ratio of 19.66 and a beta of 1.60.

Allient (NASDAQ:ALNT) last issued its earnings results on Tuesday, March 5th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.25 by $0.30. Allient had a net margin of 4.16% and a return on equity of 15.60%. The company had revenue of $141.00 million for the quarter, compared to the consensus estimate of $132.65 million.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.12 annualized dividend and a yield of 0.41%. Allient’s dividend payout ratio is currently 8.11%.

Insiders Place Their Bets

In other Allient news, CFO Michael R. Leach sold 5,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $34.25, for a total transaction of $171,250.00. Following the completion of the sale, the chief financial officer now directly owns 92,089 shares of the company’s stock, valued at approximately $3,154,048.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Ashish Bendre sold 20,382 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $33.89, for a total transaction of $690,745.98. Following the completion of the transaction, the vice president now directly owns 36,350 shares in the company, valued at approximately $1,231,901.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael R. Leach sold 5,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $34.25, for a total value of $171,250.00. Following the transaction, the chief financial officer now owns 92,089 shares of the company’s stock, valued at $3,154,048.25. The disclosure for this sale can be found here. In the last three months, insiders sold 35,382 shares of company stock valued at $1,191,296. 15.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Allient

Institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP acquired a new position in shares of Allient in the 1st quarter valued at approximately $20,914,000. Allspring Global Investments Holdings LLC bought a new position in shares of Allient during the 1st quarter worth approximately $57,000. Confluence Investment Management LLC bought a new position in shares of Allient during the 1st quarter worth approximately $3,346,000. Vanguard Group Inc. acquired a new stake in shares of Allient in the 4th quarter valued at approximately $21,725,000. Finally, Fisher Asset Management LLC acquired a new stake in shares of Allient in the 4th quarter valued at approximately $1,003,000. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Company Profile

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.