Brokerages forecast that Altra Industrial Motion Corp. (NASDAQ:AIMC) will announce $217.91 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Altra Industrial Motion Corp.’s earnings. The lowest sales estimate is $216.01 million and the highest is $219.80 million. Altra Industrial Motion Corp. posted sales of $172.65 million during the same quarter last year, which suggests a positive year-over-year growth rate of 26.2%. The company is scheduled to report its next quarterly earnings report on Monday, February 26th.
On average, analysts expect that Altra Industrial Motion Corp. will report full year sales of $217.91 million for the current year, with estimates ranging from $869.42 million to $873.20 million. For the next year, analysts forecast that the business will report 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 an average based on a survey of sell-side analysts that follow Altra Industrial Motion Corp..
Altra Industrial Motion Corp. (NASDAQ:AIMC) last posted its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Altra Industrial Motion Corp. had a return on equity of 16.92% and a net margin of 4.92%. The firm had revenue of $214.60 million during the quarter, compared to analyst estimates of $210.79 million. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was up 24.0% on a year-over-year basis.
Several analysts have issued reports on the stock. Robert W. Baird restated a “neutral” rating on shares of Altra Industrial Motion Corp. in a research report on Monday. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Thursday, October 5th. Sidoti downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research note on Wednesday, October 4th. They noted that the move was a valuation call. ValuEngine downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $53.00 price objective on shares of Altra Industrial Motion Corp. in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Altra Industrial Motion Corp. presently has a consensus rating of “Hold” and an average target price of $49.20.
Altra Industrial Motion Corp. (NASDAQ AIMC) opened at 48.25 on Friday. Altra Industrial Motion Corp. has a 52-week low of $28.85 and a 52-week high of $50.00. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 40.34 and a beta of 1.67. The stock has a 50 day moving average price of $47.56 and a 200 day moving average price of $43.44.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 18th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, December 15th. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is 48.23%.
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In other news, Director Lyle G. Ganske sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 11,493 shares of the company’s stock, valued at $520,632.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Carl R. Christenson sold 8,323 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $47.00, for a total transaction of $391,181.00. Following the transaction, the chief executive officer now directly owns 98,805 shares of the company’s stock, valued at $4,643,835. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,789 shares of company stock valued at $3,018,658. Insiders own 3.20% of the company’s stock.
Several large investors have recently modified their holdings of AIMC. Vanguard Group Inc. raised its stake in shares of Altra Industrial Motion Corp. by 9.3% during the second quarter. Vanguard Group Inc. now owns 2,229,616 shares of the industrial products company’s stock valued at $88,739,000 after acquiring an additional 189,048 shares during the last quarter. Castleark Management LLC bought a new position in Altra Industrial Motion Corp. in the second quarter worth about $5,383,000. Wasatch Advisors Inc. raised its stake in Altra Industrial Motion Corp. by 38.0% in the second quarter. Wasatch Advisors Inc. now owns 342,509 shares of the industrial products company’s stock worth $13,632,000 after buying an additional 94,230 shares in the last quarter. Shell Asset Management Co. bought a new position in Altra Industrial Motion Corp. in the third quarter worth about $2,323,000. Finally, Nuveen Asset Management LLC raised its stake in Altra Industrial Motion Corp. by 19.3% in the first quarter. Nuveen Asset Management LLC now owns 426,304 shares of the industrial products company’s stock worth $16,605,000 after buying an additional 68,860 shares in the last quarter. 98.31% of the stock is owned by hedge funds and other institutional investors.
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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