Alliance Entertainment (NASDAQ:AENT – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $251.50 million.
Alliance Entertainment Trading Up 12.6%
Alliance Entertainment stock traded up $0.58 during mid-day trading on Thursday, hitting $5.17. The company’s stock had a trading volume of 58,809 shares, compared to its average volume of 78,365. The stock’s fifty day moving average is $4.77 and its two-hundred day moving average is $5.88. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $263.46 million, a PE ratio of 19.86 and a beta of 0.46. Alliance Entertainment has a 1 year low of $4.20 and a 1 year high of $8.80.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of Alliance Entertainment from a “hold (c+)” rating to a “hold (c-)” rating in a report on Monday, September 28th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.00.
Get Our Latest Stock Analysis on Alliance Entertainment
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.
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