Altra Industrial Motion Corp. (AIMC) Scheduled to Post Quarterly Earnings on Friday
Altra Industrial Motion Corp. (NASDAQ:AIMC) will be issuing its quarterly earnings data before the market opens on Friday, October 20th. Analysts expect the company to announce earnings of $0.44 per share for the quarter.
Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share for the quarter, topping the Zacks’ 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 16.50%. The company had revenue of $223.35 million during the quarter, compared to the consensus estimate of $219.15 million. During the same quarter in the prior year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts expect Altra Industrial Motion Corp. to post $2.04 EPS for the current fiscal year and $2.32 EPS for the next fiscal year.
Shares of Altra Industrial Motion Corp. (NASDAQ AIMC) opened at 47.90 on Friday. The company has a market cap of $1.40 billion, a P/E ratio of 40.05 and a beta of 1.67. The stock’s 50 day moving average is $46.83 and its 200-day moving average is $42.70. Altra Industrial Motion Corp. has a one year low of $27.35 and a one year high of $49.60.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Monday, September 18th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.42%. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is currently 59.13%.
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In other Altra Industrial Motion Corp. news, Director Lyle G. Ganske sold 10,000 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $45.30, for a total transaction of $453,000.00. Following the completion of the sale, the director now directly owns 11,493 shares in the company, valued at $520,632.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Glenn E. Deegan sold 1,825 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $43.37, for a total transaction of $79,150.25. Following the sale, the vice president now owns 41,419 shares of the company’s stock, valued at $1,796,342.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,104 shares of company stock valued at $2,934,408. 3.20% of the stock is currently owned by company insiders.
AIMC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Thursday, October 5th. BMO Capital Markets reiterated a “buy” rating and set a $53.00 target price on shares of Altra Industrial Motion Corp. in a research report on Wednesday, September 6th. ValuEngine upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and set a $48.00 target price on shares of Altra Industrial Motion Corp. in a research report on Wednesday, October 4th. Finally, Sidoti lowered shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $49.20.
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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