Alliance Entertainment (NASDAQ:AENT) Announces Earnings Results

Alliance Entertainment (NASDAQ:AENT) posted its earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02, FiscalAI reports. Alliance Entertainment had a net margin of 1.14% and a return on equity of 20.29%. The firm had revenue of $278.83 million during the quarter, compared to analyst estimates of $251.50 million.

Alliance Entertainment Price Performance

Shares of NASDAQ:AENT traded up $0.35 during trading on Thursday, reaching $4.94. The company had a trading volume of 67,094 shares, compared to its average volume of 78,389. The firm’s fifty day moving average is $4.77 and its 200 day moving average is $5.88. The firm has a market capitalization of $251.84 million, a PE ratio of 19.44 and a beta of 0.46. Alliance Entertainment has a twelve month low of $4.20 and a twelve month high of $8.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.65 and a current ratio of 1.34.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Alliance Entertainment from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Monday, September 28th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.00.

About Alliance Entertainment

Alliance Entertainment is a distributor and wholesaler of physical entertainment products, including vinyl records, CDs, DVDs, Blu-ray discs, video games, toys, collectibles, books and consumer electronics. The company supplies products from a broad range of studios, record labels, publishers and manufacturers. Its customers include retailers, e-commerce businesses and specialty stores. Alliance Entertainment also provides distribution and fulfillment services, helping businesses source and deliver entertainment products to consumers.