$0.49 EPS Expected for Altra Industrial Motion Corp (AIMC) This Quarter

Wall Street brokerages forecast that Altra Industrial Motion Corp (NASDAQ:AIMC) will announce earnings per share (EPS) of $0.49 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Altra Industrial Motion’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.49. Altra Industrial Motion posted earnings of $0.41 per share during the same quarter last year, which would indicate a positive year over year growth rate of 19.5%. The business is expected to report its next earnings results before the market opens on Wednesday, February 21st.

According to Zacks, 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 financial year, analysts anticipate that the firm will report earnings of $2.38 per share, with EPS estimates ranging from $2.30 to $2.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Altra Industrial Motion.

A number of brokerages have recently issued reports on AIMC. Zacks Investment Research downgraded shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub downgraded shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Robert W. Baird reissued a “neutral” rating on shares of Altra Industrial Motion in a report on Monday, October 23rd. Finally, ValuEngine cut shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $49.40.

In related news, VP Craig Schuele sold 3,315 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $50.00, for a total value of $165,750.00. Following the transaction, the vice president now directly owns 67,886 shares in the company, valued at $3,394,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp grew its position in Altra Industrial Motion by 2.5% during the second quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 148 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Altra Industrial Motion by 23.5% during the second quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 479 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Altra Industrial Motion by 5.7% in the second quarter. Voya Investment Management LLC now owns 14,961 shares of the industrial products company’s stock worth $595,000 after purchasing an additional 804 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Altra Industrial Motion by 2.2% in the second quarter. California State Teachers Retirement System now owns 50,750 shares of the industrial products company’s stock worth $2,020,000 after purchasing an additional 1,112 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Altra Industrial Motion by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 247,758 shares of the industrial products company’s stock worth $12,486,000 after purchasing an additional 1,176 shares during the last quarter.

Shares of Altra Industrial Motion (NASDAQ:AIMC) opened at $46.00 on Friday. Altra Industrial Motion has a fifty-two week low of $35.20 and a fifty-two week high of $53.70. The stock has a market cap of $1,350.00, a PE ratio of 32.62 and a beta of 1.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.69 and a quick ratio of 1.57.

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About Altra Industrial Motion

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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