Zacks: Brokerages Expect Altra Industrial Motion Corp (AIMC) to Post $0.61 EPS

Analysts expect that Altra Industrial Motion Corp (NASDAQ:AIMC) will announce $0.61 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Altra Industrial Motion’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.62. Altra Industrial Motion reported earnings per share of $0.53 in the same quarter last year, which suggests a positive year-over-year growth rate of 15.1%. The company is scheduled to report its next earnings report on Friday, April 27th.

On average, analysts expect that Altra Industrial Motion will report full year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.45. For the next financial year, analysts anticipate that the company will post earnings of $2.69 per share, with EPS estimates ranging from $2.68 to $2.70. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Altra Industrial Motion.

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Altra Industrial Motion (NASDAQ:AIMC) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.02). Altra Industrial Motion had a return on equity of 15.92% and a net margin of 5.87%. The firm had revenue of $223.30 million for the quarter, compared to analyst estimates of $214.70 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year.

Several research firms have 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. BidaskClub raised Altra Industrial Motion from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, ValuEngine downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $51.00.

In other news, VP Craig Schuele sold 3,315 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $50.00, for a total value of $165,750.00. Following the transaction, 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 document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in shares of Altra Industrial Motion by 2.2% in the 2nd quarter. California State Teachers Retirement System now owns 50,750 shares of the industrial products company’s stock valued at $2,020,000 after purchasing an additional 1,112 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Altra Industrial Motion by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 247,758 shares of the industrial products company’s stock valued at $12,486,000 after purchasing an additional 1,176 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Altra Industrial Motion by 4.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 29,755 shares of the industrial products company’s stock valued at $1,500,000 after purchasing an additional 1,185 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Altra Industrial Motion by 4.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 31,041 shares of the industrial products company’s stock valued at $1,493,000 after purchasing an additional 1,357 shares during the period. Finally, American International Group Inc. increased its position in shares of Altra Industrial Motion by 8.1% in the 3rd quarter. American International Group Inc. now owns 19,223 shares of the industrial products company’s stock valued at $925,000 after buying an additional 1,438 shares in the last quarter. 98.32% of the stock is currently owned by institutional investors.

AIMC stock traded up $0.40 during trading hours on Thursday, reaching $46.90. The company’s stock had a trading volume of 93,247 shares, compared to its average volume of 184,599. Altra Industrial Motion has a 12-month low of $36.50 and a 12-month high of $53.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.49 and a current ratio of 2.51. The firm has a market cap of $1,378.08, a P/E ratio of 26.49 and a beta of 1.73.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Monday, March 19th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, March 16th. Altra Industrial Motion’s dividend payout ratio (DPR) is currently 38.20%.

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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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