Brokerages Anticipate Allied Motion Technologies, Inc. (AMOT) to Announce $0.36 Earnings Per Share
Shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokerages have set a 12-month consensus price target of $37.00 for the company and are predicting that the company will post $0.36 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Allied Motion Technologies an industry rank of 78 out of 255 based on the ratings given to related companies.
A number of research analysts recently issued reports on AMOT shares. BidaskClub upgraded shares of Allied Motion Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, August 25th. Zacks Investment Research lowered shares of Allied Motion Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th.
Shares of AMOT stock traded down $1.07 on Friday, reaching $47.37. The company had a trading volume of 41,233 shares, compared to its average volume of 50,660. The stock has a market capitalization of $515.73 million, a P/E ratio of 38.83, a price-to-earnings-growth ratio of 4.66 and a beta of 2.13. The company has a current ratio of 2.67, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68. Allied Motion Technologies has a one year low of $26.25 and a one year high of $55.47.
Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Thursday, August 2nd. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $79.98 million during the quarter. Allied Motion Technologies had a net margin of 4.04% and a return on equity of 16.27%. As a group, equities analysts predict that Allied Motion Technologies will post 1.67 EPS for the current fiscal year.
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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