Wall Street brokerages forecast that Allied Motion Technologies, Inc. (NASDAQ:AMOT) will announce earnings of $0.30 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Allied Motion Technologies’ earnings. Allied Motion Technologies posted earnings per share of $0.28 during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The firm is scheduled to report its next quarterly earnings report on Wednesday, March 11th.

According to Zacks, analysts expect that Allied Motion Technologies will report full-year earnings of $1.73 per share for the current fiscal year. For the next year, analysts forecast that the company will report earnings of $2.30 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Allied Motion Technologies.

Allied Motion Technologies (NASDAQ:AMOT) last released its earnings results on Thursday, October 31st. The technology company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.09. Allied Motion Technologies had a return on equity of 15.67% and a net margin of 4.53%. The firm had revenue of $96.63 million during the quarter.

A number of brokerages have recently commented on AMOT. Dougherty & Co reissued a “buy” rating on shares of Allied Motion Technologies in a research report on Monday, November 4th. Zacks Investment Research raised shares of Allied Motion Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 7th. ValuEngine raised shares of Allied Motion Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, September 6th. Finally, BidaskClub upgraded shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.00.

AMOT stock opened at $44.75 on Friday. The business’s 50-day moving average is $41.44 and its two-hundred day moving average is $37.26. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.49 and a quick ratio of 1.42. The firm has a market capitalization of $430.08 million, a P/E ratio of 24.89, a P/E/G ratio of 2.59 and a beta of 1.46. Allied Motion Technologies has a 1 year low of $30.98 and a 1 year high of $52.20.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.12 annualized dividend and a dividend yield of 0.27%. Allied Motion Technologies’s dividend payout ratio (DPR) is currently 7.06%.

In other Allied Motion Technologies news, Director Richard D. Federico sold 2,000 shares of Allied Motion Technologies stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $45.03, for a total transaction of $90,060.00. Following the completion of the sale, the director now directly owns 39,471 shares of the company’s stock, valued at approximately $1,777,379.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard D. /Co/ Smith sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $38.00, for a total value of $190,000.00. Following the transaction, the director now directly owns 1,887 shares of the company’s stock, valued at $71,706. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,300 shares of company stock valued at $2,179,915. Insiders own 23.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gabelli Funds LLC purchased a new stake in Allied Motion Technologies during the second quarter worth approximately $1,004,000. Investment Management of Virginia LLC increased its stake in Allied Motion Technologies by 221.1% in the second quarter. Investment Management of Virginia LLC now owns 158,246 shares of the technology company’s stock valued at $5,997,000 after purchasing an additional 108,956 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in Allied Motion Technologies during the second quarter worth approximately $280,000. Russell Investments Group Ltd. raised its holdings in Allied Motion Technologies by 35.0% during the third quarter. Russell Investments Group Ltd. now owns 132,147 shares of the technology company’s stock worth $4,666,000 after purchasing an additional 34,282 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in Allied Motion Technologies by 25.5% during the second quarter. Parametric Portfolio Associates LLC now owns 7,958 shares of the technology company’s stock worth $302,000 after purchasing an additional 1,615 shares in the last quarter. Institutional investors and hedge funds own 55.80% of the company’s stock.

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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