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 research firms have issued reports on AMOT. Craig Hallum set a $62.00 price objective on shares of Allied Motion Technologies and gave the company a “buy” rating in a research note on Friday, November 2nd. BidaskClub upgraded shares of Allied Motion Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 18th. Zacks Investment Research downgraded shares of Allied Motion Technologies from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. Finally, Dougherty & Co upgraded shares of Allied Motion Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, October 29th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $59.50.

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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