Allied Motion Technologies (AMOT) Set to Announce Quarterly Earnings on Wednesday

Allied Motion Technologies (NASDAQ:AMOT - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 2nd. Analysts expect Allied Motion Technologies to post earnings of $0.56 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Allied Motion Technologies (NASDAQ:AMOT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.10. The firm had revenue of $145.55 million for the quarter, compared to the consensus estimate of $136.43 million. Allied Motion Technologies had a return on equity of 14.73% and a net margin of 3.97%. On average, analysts expect Allied Motion Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ AMOT traded down $0.47 on Wednesday, reaching $38.63. 16,206 shares of the stock traded hands, compared to its average volume of 55,447. Allied Motion Technologies has a 12 month low of $24.94 and a 12 month high of $44.88. The company has a fifty day moving average price of $37.70 and a 200-day moving average price of $38.12. The company has a market cap of $625.03 million, a price-to-earnings ratio of 29.62 and a beta of 1.53. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.45 and a current ratio of 2.78.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th were given a $0.03 dividend. The ex-dividend date was Wednesday, May 17th. This is a positive change from Allied Motion Technologies's previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.31%. Allied Motion Technologies's dividend payout ratio is 9.09%.

A number of large investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted its stake in shares of Allied Motion Technologies by 0.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 73,556 shares of the technology company's stock valued at $2,560,000 after purchasing an additional 299 shares during the last quarter. Lazard Asset Management LLC raised its stake in Allied Motion Technologies by 13.0% in the fourth quarter. Lazard Asset Management LLC now owns 3,207 shares of the technology company's stock valued at $111,000 after purchasing an additional 369 shares in the last quarter. Meros Investment Management LP grew its holdings in shares of Allied Motion Technologies by 0.6% in the first quarter. Meros Investment Management LP now owns 82,687 shares of the technology company's stock worth $2,467,000 after purchasing an additional 498 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Allied Motion Technologies by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 35,139 shares of the technology company's stock valued at $1,223,000 after buying an additional 517 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Allied Motion Technologies by 194.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 917 shares of the technology company's stock worth $35,000 after purchasing an additional 606 shares during the last quarter. Institutional investors and hedge funds own 61.22% of the company's stock.

AMOT has been the topic of several research analyst reports. StockNews.com raised Allied Motion Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 2nd. TheStreet cut shares of Allied Motion Technologies from a "b-" rating to a "c+" rating in a report on Wednesday, May 3rd. Finally, Northland Securities upgraded shares of Allied Motion Technologies from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research note on Wednesday, April 12th.

Allied Motion Technologies Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries worldwide. The company offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products.

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