Wall Street brokerages forecast that Allied Motion Technologies, Inc. (NASDAQ:AMOT) will announce earnings of $0.36 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Allied Motion Technologies’ earnings. Allied Motion Technologies reported earnings per share of $0.33 in the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The business is expected to issue its next earnings report after the market closes on Wednesday, November 7th.

On average, analysts expect that Allied Motion Technologies will report full-year earnings of $1.67 per share for the current fiscal year. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Allied Motion Technologies.

Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Thursday, August 2nd. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The business had revenue of $79.98 million for the quarter. Allied Motion Technologies had a net margin of 4.04% and a return on equity of 16.27%.

Several equities research analysts have recently commented on AMOT shares. BidaskClub lowered shares of Allied Motion Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Zacks Investment Research lowered shares of Allied Motion Technologies from a “hold” rating to a “sell” rating in a research report on Friday, August 10th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMOT. BlackRock Inc. increased its position in shares of Allied Motion Technologies by 20.8% during the 2nd quarter. BlackRock Inc. now owns 537,827 shares of the technology company’s stock valued at $25,751,000 after purchasing an additional 92,426 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Allied Motion Technologies by 27.9% during the 2nd quarter. Renaissance Technologies LLC now owns 316,000 shares of the technology company’s stock valued at $15,130,000 after purchasing an additional 68,899 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Allied Motion Technologies during the 1st quarter valued at about $2,687,000. EAM Global Investors LLC purchased a new stake in shares of Allied Motion Technologies during the 1st quarter valued at about $1,238,000. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Allied Motion Technologies during the 2nd quarter valued at about $1,379,000. 47.64% of the stock is owned by hedge funds and other institutional investors.

AMOT traded down $0.66 during midday trading on Friday, hitting $43.55. 27,573 shares of the company traded hands, compared to its average volume of 57,299. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 2.67. The stock has a market capitalization of $418.89 million, a P/E ratio of 35.70, a P/E/G ratio of 3.78 and a beta of 2.13. Allied Motion Technologies has a 52 week low of $26.48 and a 52 week high of $55.47.

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.

Featured Article: Understanding Price to Earnings Ratio (PE)

Get a free copy of the Zacks research report on Allied Motion Technologies (AMOT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Allied Motion Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Motion Technologies and related companies with MarketBeat.com's FREE daily email newsletter.