$217.91 Million in Sales Expected for Altra Industrial Motion Corp (AIMC) This Quarter

Analysts expect Altra Industrial Motion Corp (NASDAQ:AIMC) to announce sales of $217.91 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Altra Industrial Motion’s earnings, with the highest sales estimate coming in at $219.80 million and the lowest estimate coming in at $216.01 million. Altra Industrial Motion posted sales of $172.65 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 26.2%. The company is expected to announce 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 sales of $217.91 million for the current fiscal year, with estimates ranging from $869.42 million to $873.20 million. For the next fiscal year, analysts expect that the company will post sales of $909.23 million per share, with estimates ranging from $906.35 million to $912.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Altra Industrial Motion.

Several equities analysts have recently issued reports on AIMC shares. Zacks Investment Research lowered shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Robert W. Baird reissued a “neutral” rating on shares of Altra Industrial Motion in a report on Monday, October 23rd. BidaskClub lowered shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, ValuEngine lowered shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Altra Industrial Motion presently has a consensus rating of “Hold” and a consensus price target of $49.40.

Shares of Altra Industrial Motion (NASDAQ AIMC) opened at $46.00 on Monday. The company has a current ratio of 2.69, a quick ratio of 1.57 and a debt-to-equity ratio of 0.77. Altra Industrial Motion has a fifty-two week low of $35.20 and a fifty-two week high of $53.70. The company has a market cap of $1,346.67, a price-to-earnings ratio of 23.12 and a beta of 1.61.

In other news, VP Craig Schuele sold 3,315 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now owns 67,886 shares of the company’s stock, valued at approximately $3,394,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AIMC. Teachers Advisors LLC lifted its position in Altra Industrial Motion by 16.0% in the 2nd quarter. Teachers Advisors LLC now owns 51,223 shares of the industrial products company’s stock valued at $2,039,000 after acquiring an additional 7,083 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in Altra Industrial Motion by 12.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 76,773 shares of the industrial products company’s stock valued at $3,056,000 after acquiring an additional 8,779 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Altra Industrial Motion by 16.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 209,563 shares of the industrial products company’s stock valued at $8,341,000 after acquiring an additional 29,798 shares in the last quarter. Nationwide Fund Advisors lifted its position in Altra Industrial Motion by 37.3% in the 2nd quarter. Nationwide Fund Advisors now owns 47,022 shares of the industrial products company’s stock valued at $1,871,000 after acquiring an additional 12,769 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Altra Industrial Motion by 11.7% in the 2nd quarter. Northern Trust Corp now owns 377,499 shares of the industrial products company’s stock valued at $15,024,000 after acquiring an additional 39,408 shares in the last quarter. 99.12% of the stock is currently owned by institutional investors and hedge funds.

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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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