Zacks: Analysts Anticipate Allied Motion Technologies, Inc. (AMOT) to Post $0.36 EPS
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 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.
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