Wall Street brokerages forecast that Allied Motion Technologies, Inc. (NASDAQ:AMOT) will report earnings of $0.36 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Allied Motion Technologies’ earnings. Allied Motion Technologies reported earnings per share of $0.33 during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is expected to issue its next quarterly earnings report 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 an average based on a survey of sell-side research analysts that follow Allied Motion Technologies.

Allied Motion Technologies (NASDAQ:AMOT) last announced its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Allied Motion Technologies had a return on equity of 16.27% and a net margin of 4.04%. The firm had revenue of $79.98 million during the quarter.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Allied Motion Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 24th. BidaskClub cut Allied Motion Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Finally, TheStreet raised Allied Motion Technologies from a “c+” rating to a “b+” rating in a research report on Wednesday, May 30th.

Shares of NASDAQ AMOT traded up $0.68 during trading on Friday, reaching $49.32. 38,105 shares of the stock traded hands, compared to its average volume of 50,522. Allied Motion Technologies has a 52-week low of $24.43 and a 52-week high of $51.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.67 and a quick ratio of 1.59. The stock has a market capitalization of $450.54 million, a PE ratio of 40.43, a P/E/G ratio of 4.07 and a beta of 2.07.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 29th. Stockholders of record on Thursday, August 16th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.24%. Allied Motion Technologies’s dividend payout ratio is presently 9.84%.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Allied Motion Technologies by 20.8% during the 2nd quarter. BlackRock Inc. now owns 537,827 shares of the technology company’s stock worth $25,751,000 after purchasing an additional 92,426 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Allied Motion Technologies by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 446,555 shares of the technology company’s stock worth $21,381,000 after purchasing an additional 16,251 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Allied Motion Technologies by 27.9% during the 2nd quarter. Renaissance Technologies LLC now owns 316,000 shares of the technology company’s stock worth $15,130,000 after purchasing an additional 68,899 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Allied Motion Technologies by 8.8% during the 1st quarter. Russell Investments Group Ltd. now owns 173,085 shares of the technology company’s stock worth $6,881,000 after purchasing an additional 13,933 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Allied Motion Technologies by 4.7% during the 1st quarter. Millennium Management LLC now owns 108,008 shares of the technology company’s stock worth $4,293,000 after purchasing an additional 4,800 shares in the last quarter. 50.13% of the stock is currently owned by hedge funds and other institutional investors.

Allied Motion Technologies Company Profile

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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