Analysts predict that Allied Motion Technologies, Inc. (NASDAQ:AMOT) will report $62.17 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Allied Motion Technologies’ earnings, with estimates ranging from $61.8 million to $62.54 million. Allied Motion Technologies reported sales of $65.84 million in the same quarter last year, which indicates a negative year over year growth rate of 5.6%. The business is scheduled to issue its next earnings results on Thursday, August 3rd.
On average, analysts expect that Allied Motion Technologies will report full year sales of $62.17 million for the current year, with estimates ranging from $246.65 million to $250.9 million. For the next fiscal year, analysts expect that the firm will report sales of $262 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Allied Motion Technologies.
Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings data on Monday, March 13th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.11. Allied Motion Technologies had a return on equity of 11.83% and a net margin of 3.43%. The company had revenue of $55.34 million for the quarter, compared to analysts’ expectations of $59.01 million.
Separately, Zacks Investment Research upgraded shares of Allied Motion Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.
Institutional investors have recently bought and sold shares of the stock. ARK Investment Management LLC acquired a new position in Allied Motion Technologies during the fourth quarter valued at $135,000. Teachers Advisors LLC raised its position in Allied Motion Technologies by 11.2% in the first quarter. Teachers Advisors LLC now owns 11,009 shares of the technology company’s stock valued at $221,000 after buying an additional 1,108 shares during the last quarter. Ranger Investment Management L.P. acquired a new position in Allied Motion Technologies during the fourth quarter valued at $852,000. Algert Global LLC raised its position in Allied Motion Technologies by 8.0% in the first quarter. Algert Global LLC now owns 60,312 shares of the technology company’s stock valued at $1,212,000 after buying an additional 4,490 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Allied Motion Technologies by 3.2% in the first quarter. Geode Capital Management LLC now owns 66,744 shares of the technology company’s stock valued at $1,341,000 after buying an additional 2,055 shares during the last quarter. Institutional investors and hedge funds own 39.63% of the company’s stock.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 18th will be issued a dividend of $0.025 per share. The ex-dividend date is Tuesday, May 16th. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. Allied Motion Technologies’s payout ratio is 11.36%.
About Allied Motion Technologies
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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