Brokerages forecast that Altra Industrial Motion Corp. (NASDAQ:AIMC) will report $209.50 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Altra Industrial Motion Corp.’s earnings. The lowest sales estimate is $208.80 million and the highest is $210.20 million. Altra Industrial Motion Corp. posted sales of $173.13 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 21%. The business is expected to issue its next earnings results on Friday, October 20th.

According to Zacks, analysts expect that Altra Industrial Motion Corp. will report full year sales of $209.50 million for the current fiscal year. For the next financial year, analysts anticipate that the company will report sales of $886.05 million per share, with estimates ranging from $879.50 million to $889.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Altra Industrial Motion Corp..

Altra Industrial Motion Corp. (NASDAQ:AIMC) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 17.55%. The company had revenue of $223.35 million for the quarter, compared to the consensus estimate of $219.15 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year.

AIMC has been the subject of several research reports. Zacks Investment Research lowered shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Jefferies Group LLC raised their price objective on shares of Altra Industrial Motion Corp. from $38.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, May 8th. BidaskClub lowered shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. BMO Capital Markets raised their price objective on shares of Altra Industrial Motion Corp. from $46.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. Finally, TheStreet upgraded shares of Altra Industrial Motion Corp. from a “c+” rating to a “b” rating in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.33.

Shares of Altra Industrial Motion Corp. (AIMC) traded up 1.88% during mid-day trading on Thursday, hitting $43.25. 174,919 shares of the company’s stock traded hands. Altra Industrial Motion Corp. has a 1-year low of $26.24 and a 1-year high of $46.90. The stock has a 50 day moving average price of $40.85 and a 200-day moving average price of $39.84. The stock has a market cap of $1.27 billion, a P/E ratio of 43.12 and a beta of 1.65.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, September 15th. Altra Industrial Motion Corp.’s payout ratio is 59.13%.

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In other Altra Industrial Motion Corp. news, VP Craig Schuele sold 12,500 shares of the firm’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $42.02, for a total value of $525,250.00. Following the completion of the transaction, the vice president now directly owns 82,213 shares in the company, valued at $3,454,590.26. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Todd Patriacca sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $42.00, for a total transaction of $42,000.00. Following the completion of the transaction, the vice president now owns 29,371 shares of the company’s stock, valued at $1,233,582. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,500 shares of company stock valued at $2,740,050. Corporate insiders own 3.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bbva Compass Bancshares Inc. boosted its position in shares of Altra Industrial Motion Corp. by 4.6% in the first quarter. Bbva Compass Bancshares Inc. now owns 7,098 shares of the industrial products company’s stock valued at $277,000 after buying an additional 311 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Altra Industrial Motion Corp. by 6.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,353 shares of the industrial products company’s stock valued at $286,000 after buying an additional 425 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Altra Industrial Motion Corp. by 44.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,268 shares of the industrial products company’s stock valued at $128,000 after buying an additional 1,010 shares during the last quarter. Aperio Group LLC boosted its position in shares of Altra Industrial Motion Corp. by 17.7% in the second quarter. Aperio Group LLC now owns 7,473 shares of the industrial products company’s stock valued at $297,000 after buying an additional 1,122 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Altra Industrial Motion Corp. by 5.8% in the first quarter. US Bancorp DE now owns 27,727 shares of the industrial products company’s stock valued at $1,080,000 after buying an additional 1,521 shares during the last quarter. Institutional investors own 98.29% of the company’s stock.

Altra Industrial Motion Corp. Company Profile

Altra Industrial Motion Corp. is a designer, producer and marketer of a range of mechanical power transmission (MPT) components. The Company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. It manufactures a range of couplings suitable for various industrial and specialty applications.

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Earnings History and Estimates for Altra Industrial Motion Corp. (NASDAQ:AIMC)

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