Brokerages Anticipate Altra Industrial Motion Corp (AIMC) to Post $0.49 Earnings Per Share

Equities analysts expect Altra Industrial Motion Corp (NASDAQ:AIMC) to post earnings of $0.49 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Altra Industrial Motion’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.48. Altra Industrial Motion posted earnings per share of $0.41 in the same quarter last year, which would indicate a positive year over year growth rate of 19.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 26th.

On average, analysts expect that Altra Industrial Motion will report full-year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.06. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.38 per share, with EPS estimates ranging from $2.30 to $2.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Altra Industrial Motion.

Several equities research analysts have issued reports on AIMC shares. Zacks Investment Research raised shares of Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday. BidaskClub raised shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. ValuEngine cut shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Sidoti cut shares of Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 target price on the stock. in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $48.00 target price on shares of Altra Industrial Motion in a research note on Wednesday, October 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Altra Industrial Motion has an average rating of “Hold” and a consensus target price of $50.80.

Shares of Altra Industrial Motion (AIMC) opened at $52.90 on Wednesday. Altra Industrial Motion has a one year low of $35.20 and a one year high of $53.70. The stock has a market cap of $1,561.84, a price-to-earnings ratio of 37.52 and a beta of 1.67. The company has a quick ratio of 1.57, a current ratio of 2.69 and a debt-to-equity ratio of 0.77.

In other news, VP Craig Schuele sold 3,315 shares of Altra Industrial Motion stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $50.00, for a total transaction of $165,750.00. Following the transaction, the vice president now owns 67,886 shares in the company, valued at approximately $3,394,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lipscomb S. Michael sold 25,000 shares of Altra Industrial Motion stock in a transaction on Friday, October 27th. The stock was sold at an average price of $48.34, for a total value of $1,208,500.00. Following the transaction, the director now owns 15,848 shares in the company, valued at approximately $766,092.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,415 shares of company stock worth $1,379,049. 3.20% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of AIMC. Ameritas Investment Partners Inc. raised its holdings in Altra Industrial Motion by 23.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock valued at $100,000 after buying an additional 479 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Altra Industrial Motion by 848.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock valued at $185,000 after buying an additional 4,156 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Altra Industrial Motion in the 3rd quarter valued at about $203,000. Simplex Trading LLC raised its holdings in Altra Industrial Motion by 244.6% in the 3rd quarter. Simplex Trading LLC now owns 4,935 shares of the industrial products company’s stock valued at $237,000 after buying an additional 3,503 shares during the period. Finally, Stifel Financial Corp raised its holdings in Altra Industrial Motion by 2.5% in the 2nd quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock valued at $237,000 after buying an additional 148 shares during the period.

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Altra Industrial Motion 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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