Brokerages Anticipate Allied Motion Technologies, Inc. (AMOT) to Post $0.43 Earnings Per Share
Wall Street analysts forecast that Allied Motion Technologies, Inc. (NASDAQ:AMOT) will report earnings per share (EPS) of $0.43 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Allied Motion Technologies’ earnings. Allied Motion Technologies reported earnings per share of $0.36 in the same quarter last year, which suggests a positive year over year growth rate of 19.4%. The business is expected to issue its next earnings results on Wednesday, March 13th.
On average, analysts expect that Allied Motion Technologies will report full year earnings of $1.86 per share for the current fiscal year. For the next financial year, analysts anticipate that the business will post earnings of $2.10 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Allied Motion Technologies.
Allied Motion Technologies (NASDAQ:AMOT) last released its quarterly earnings data on Wednesday, October 31st. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.16. Allied Motion Technologies had a net margin of 4.43% and a return on equity of 17.59%. The company had revenue of $80.09 million during the quarter.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Allied Motion Technologies by 2.9% during the third quarter. BlackRock Inc. now owns 553,380 shares of the technology company’s stock worth $30,121,000 after buying an additional 15,553 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Allied Motion Technologies by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 459,296 shares of the technology company’s stock worth $24,998,000 after buying an additional 12,741 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Allied Motion Technologies by 15.2% during the third quarter. Renaissance Technologies LLC now owns 364,100 shares of the technology company’s stock worth $19,818,000 after buying an additional 48,100 shares during the period. Vanguard Group Inc. boosted its stake in shares of Allied Motion Technologies by 0.4% during the third quarter. Vanguard Group Inc. now owns 341,666 shares of the technology company’s stock worth $18,597,000 after buying an additional 1,482 shares during the period. Finally, Walthausen & Co. LLC acquired a new stake in shares of Allied Motion Technologies during the third quarter worth about $13,472,000. Institutional investors and hedge funds own 48.73% of the company’s stock.
NASDAQ AMOT traded up $0.11 during trading hours on Thursday, hitting $44.72. The company had a trading volume of 79,993 shares, compared to its average volume of 53,026. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.44 and a quick ratio of 1.39. Allied Motion Technologies has a 1-year low of $28.08 and a 1-year high of $55.47. The company has a market capitalization of $422.74 million, a PE ratio of 36.66, a P/E/G ratio of 2.40 and a beta of 2.12.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Thursday, November 15th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.27%. Allied Motion Technologies’s dividend payout ratio (DPR) is 9.84%.
About Allied Motion Technologies
Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.
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