$0.40 Earnings Per Share Expected for Altra Industrial Motion Corp (AIMC) This Quarter

Analysts predict that Altra Industrial Motion Corp (NASDAQ:AIMC) will announce earnings per share (EPS) of $0.40 for the current quarter, Zacks reports. Three analysts have made estimates for Altra Industrial Motion Corp’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.42. Altra Industrial Motion Corp reported earnings of $0.38 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Friday, April 28th.

According to Zacks, analysts expect that Altra Industrial Motion Corp will report full-year earnings of $1.83 per share for the current fiscal year, with EPS estimates ranging from $1.82 to $1.85. For the next year, analysts forecast that the company will post earnings of $2.05 per share, with EPS estimates ranging from $2.01 to $2.09. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Altra Industrial Motion Corp.

Altra Industrial Motion Corp (NASDAQ:AIMC) last posted its quarterly earnings results on Monday, February 27th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Altra Industrial Motion Corp had a net margin of 4.17% and a return on equity of 15.75%. The business earned $172.65 million during the quarter, compared to the consensus estimate of $170.32 million. During the same quarter last year, the firm posted $0.36 EPS. Altra Industrial Motion Corp’s revenue was down .6% compared to the same quarter last year.

Several research analysts have issued reports on the company. Zacks Investment Research raised Altra Industrial Motion Corp from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Monday, March 27th. TheStreet cut Altra Industrial Motion Corp from a “b” rating to a “c+” rating in a research report on Monday, February 27th. Finally, Jefferies Group LLC raised their target price on Altra Industrial Motion Corp to $38.00 and gave the stock a “hold” rating in a research report on Wednesday, March 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $41.67.

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Altra Industrial Motion Corp (NASDAQ:AIMC) traded down 1.05% during mid-day trading on Tuesday, reaching $37.80. 82,539 shares of the company traded hands. Altra Industrial Motion Corp has a 12-month low of $25.77 and a 12-month high of $46.90. The company’s 50-day moving average is $38.25 and its 200-day moving average is $35.97. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 38.97 and a beta of 1.52.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 4th. Stockholders of record on Friday, March 17th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Wednesday, March 15th. Altra Industrial Motion Corp’s dividend payout ratio (DPR) is currently 53.10%.

In other news, VP Glenn E. Deegan sold 1,175 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $39.69, for a total value of $46,635.75. Following the transaction, the vice president now owns 45,805 shares of the company’s stock, valued at $1,818,000.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. RK Capital Management LLC bought a new position in Altra Industrial Motion Corp during the fourth quarter valued at approximately $10,129,000. Silvercrest Asset Management Group LLC increased its stake in shares of Altra Industrial Motion Corp by 13.8% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,798,099 shares of the industrial products company’s stock valued at $66,350,000 after buying an additional 217,955 shares during the period. Monarch Partners Asset Management LLC acquired a new stake in shares of Altra Industrial Motion Corp during the third quarter valued at about $4,570,000. Frontier Capital Management Co. LLC increased its stake in shares of Altra Industrial Motion Corp by 10.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,244,844 shares of the industrial products company’s stock valued at $45,935,000 after buying an additional 120,492 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Altra Industrial Motion Corp during the fourth quarter valued at about $3,621,000.

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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