Allied Motion Technologies, Inc. (AMOT) Expected to Post Quarterly Sales of $62.11 Million
Wall Street analysts expect Allied Motion Technologies, Inc. (NASDAQ:AMOT) to report sales of $62.11 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Allied Motion Technologies’ earnings, with the lowest sales estimate coming in at $60.12 million and the highest estimate coming in at $64.09 million. Allied Motion Technologies reported sales of $61.04 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.8%. The business is expected to report its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Allied Motion Technologies will report full year sales of $62.11 million for the current fiscal year, with estimates ranging from $238.82 million to $246.65 million. For the next fiscal year, analysts forecast that the business will report sales of $248.30 million per share. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Allied Motion Technologies.
Allied Motion Technologies (NASDAQ:AMOT) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.07. Allied Motion Technologies had a net margin of 3.41% and a return on equity of 10.65%. The business had revenue of $60.34 million during the quarter, compared to analysts’ expectations of $62.17 million.
Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday. TheStreet lowered shares of Allied Motion Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th. Finally, BidaskClub raised shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.
Allied Motion Technologies (NASDAQ:AMOT) opened at 24.95 on Friday. The stock has a market cap of $235.83 million, a PE ratio of 26.89 and a beta of 1.88. The firm has a 50-day moving average of $27.19 and a 200 day moving average of $24.58. Allied Motion Technologies has a 12 month low of $15.54 and a 12 month high of $30.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 17th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Tuesday, August 15th. Allied Motion Technologies’s payout ratio is currently 11.36%.
In other news, Director Richard D. /Co/ Smith sold 5,000 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $25.69, for a total value of $128,450.00. Following the completion of the sale, the director now owns 47,429 shares of the company’s stock, valued at $1,218,451.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard D. /Co/ Smith sold 7,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $25.90, for a total transaction of $181,300.00. Following the completion of the sale, the director now directly owns 47,429 shares of the company’s stock, valued at approximately $1,228,411.10. The disclosure for this sale can be found here. Insiders sold 20,916 shares of company stock valued at $540,273 in the last three months. Company insiders own 30.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. acquired a new stake in Allied Motion Technologies during the second quarter valued at about $218,000. Algert Global LLC raised its stake in Allied Motion Technologies by 15.3% in the second quarter. Algert Global LLC now owns 69,560 shares of the technology company’s stock valued at $1,893,000 after buying an additional 9,248 shares during the last quarter. Strs Ohio raised its stake in Allied Motion Technologies by 5.9% in the second quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock valued at $195,000 after buying an additional 400 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Allied Motion Technologies by 17.5% in the second quarter. Russell Investments Group Ltd. now owns 165,408 shares of the technology company’s stock valued at $4,502,000 after buying an additional 24,623 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Allied Motion Technologies by 23.0% in the first quarter. Renaissance Technologies LLC now owns 84,400 shares of the technology company’s stock valued at $1,696,000 after buying an additional 15,800 shares during the last quarter. 39.42% of the stock is owned by institutional investors.
Allied Motion Technologies Company Profile
Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.
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