Altra Industrial Motion (AIMC) Set to Announce Earnings on Wednesday

Altra Industrial Motion (NASDAQ:AIMC) will be releasing its earnings data before the market opens on Wednesday, February 14th. Analysts expect Altra Industrial Motion to post earnings of $0.47 per share for the quarter.

Shares of Altra Industrial Motion (NASDAQ:AIMC) opened at $47.90 on Wednesday. The stock has a market capitalization of $1,380.00, a PE ratio of 33.97 and a beta of 1.61. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.57 and a current ratio of 2.69. Altra Industrial Motion has a 1-year low of $35.20 and a 1-year high of $53.70.

In other Altra Industrial Motion news, VP Craig Schuele sold 3,315 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $50.00, for a total value of $165,750.00. Following the sale, the vice president now owns 67,886 shares of the company’s stock, valued at approximately $3,394,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.

A number of brokerages recently issued reports on AIMC. Zacks Investment Research raised Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, January 22nd. ValuEngine cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub raised Altra Industrial Motion from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Robert W. Baird reissued a “neutral” rating on shares of Altra Industrial Motion in a report on Monday, October 23rd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $50.80.

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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.

Earnings History for Altra Industrial Motion (NASDAQ:AIMC)

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