Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.02-0.03 for the period, compared to the consensus EPS estimate of $0.02. The company issued revenue guidance of $166-168 million, compared to the consensus revenue estimate of $165.04 million. Allegro MicroSystems also updated its Q1 2025 guidance to 0.020-0.030 EPS.
Allegro MicroSystems Stock Down 9.4 %
Shares of NASDAQ:ALGM traded down $2.60 during trading on Wednesday, reaching $25.06. 2,405,233 shares of the stock traded hands, compared to its average volume of 1,586,493. Allegro MicroSystems has a 52-week low of $23.64 and a 52-week high of $52.26. The stock has a market cap of $4.86 billion, a P/E ratio of 31.97 and a beta of 1.67. The stock has a 50-day moving average of $29.65 and a two-hundred day moving average of $28.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.48 and a current ratio of 4.85.
Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Allegro MicroSystems had a return on equity of 20.67% and a net margin of 14.55%. The firm had revenue of $240.58 million for the quarter, compared to the consensus estimate of $235.00 million. As a group, sell-side analysts expect that Allegro MicroSystems will post 0.23 earnings per share for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Allegro MicroSystems
Insider Activity at Allegro MicroSystems
In related news, Director Richard R. Lury sold 8,500 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $30.00, for a total transaction of $255,000.00. Following the completion of the transaction, the director now directly owns 23,001 shares of the company’s stock, valued at $690,030. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
About Allegro MicroSystems
Allegro MicroSystems, Inc, together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers; and photonic and advanced 3D sensing components.
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