Altra Holdings (AIMC) Scheduled to Post Earnings on Friday
Altra Holdings (NASDAQ:AIMC) is scheduled to be posting its Q114 quarterly earnings results on Friday, April 25th. Analysts expect Altra Holdings to post earnings of $0.50 per share and revenue of $210.08 million for the quarter. Altra Holdings has set its FY14 guidance at $1.85-2.00 EPS.
Altra Holdings (NASDAQ:AIMC) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.38 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.38. The company had revenue of $180.50 million for the quarter, compared to the consensus estimate of $176.42 million. On average, analysts expect Altra Holdings to post $1.99 EPS for the current fiscal year and $2.37 EPS for the next fiscal year.
Altra Holdings (NASDAQ:AIMC) opened at 34.87 on Thursday. Altra Holdings has a one year low of $24.31 and a one year high of $39.60. The stock has a 50-day moving average of $35.15 and a 200-day moving average of $32.53. The company has a market cap of $943.3 million and a P/E ratio of 23.39.
A number of analysts have recently weighed in on AIMC shares. Analysts at Zacks downgraded shares of Altra Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $38.50 price target on the stock. On the ratings front, analysts at Robert W. Baird raised their price target on shares of Altra Holdings from $39.00 to $42.00 in a research note on Friday, April 11th. They now have an “outperform” rating on the stock. Finally, analysts at KeyCorp upgraded shares of Altra Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. They now have a $42.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $37.38.
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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