Altra Holdings (AIMC) Scheduled to Post Earnings on Thursday
Altra Holdings (NASDAQ:AIMC) is scheduled to be releasing its Q313 earnings data on Thursday, October 24th. Analysts expect Altra Holdings to post earnings of $0.37 per share and revenue of $175.12 million for the quarter. Altra Holdings has set its FY13 guidance at $1.52-1.64 EPS.
Altra Holdings (NASDAQ:AIMC) last released its earnings data on Thursday, July 25th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.07. The company had revenue of $181.10 million for the quarter, compared to the consensus estimate of $188.71 million. During the same quarter last year, the company posted $0.42 earnings per share. Altra Holdings’s revenue was down 3.6% compared to the same quarter last year. On average, analysts expect Altra Holdings to post $1.63 EPS for the current fiscal year and $2.00 EPS for the next fiscal year.
Altra Holdings (NASDAQ:AIMC) traded down 0.85% during mid-day trading on Wednesday, hitting $28.11. 60,593 shares of the company’s stock traded hands. Altra Holdings has a 1-year low of $15.78 and a 1-year high of $31.34. The stock’s 50-day moving average is $25.30 and its 200-day moving average is $26.90. The company has a market cap of $759.1 million and a price-to-earnings ratio of 29.47.
AIMC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Altra Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 24th. They now have a $27.80 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Altra Holdings from $27.00 to $25.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.16.
Altra Holdings, Inc (NASDAQ:AIMC) is a global designer, producer and marketer of a range of mechanical power transmission (MPT), and motion control products serving customers in a range of industries, including energy, general industrial, material handling, mining, transportation, and turf and garden.
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