News headlines about Altra Industrial Motion (NASDAQ:AIMC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Altra Industrial Motion earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.9556127265404 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Zacks: Brokerages Anticipate Altra Industrial Motion Corp (AIMC) to Post $0.49 Earnings Per Share (americanbankingnews.com)
- Here’s Why It’s the Right Time to Buy Altra Industrial (AIMC) (zacks.com)
- Altra Industrial Motion Corp. breached its 50 day moving average in a Bullish Manner : AIMC-US : December 21, 2017 (finance.yahoo.com)
- Is Altra Industrial Motion Corp’s (NASDAQ:AIMC) Balance Sheet Strong Enough To Weather A Storm? (finance.yahoo.com)
- Altra Industrial Motion Corp. : AIMC-US: Dividend Analysis : December 18th, 2017 (record date) : By the numbers : December 18, 2017 (finance.yahoo.com)
A number of research firms have commented on AIMC. Zacks Investment Research upgraded shares of Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Friday, December 15th. BMO Capital Markets reiterated a “buy” rating and set a $53.00 price objective on shares of Altra Industrial Motion in a research note on Wednesday, September 6th. ValuEngine upgraded shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Sidoti downgraded shares of Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Finally, Robert W. Baird reiterated a “hold” rating and set a $48.00 price objective on shares of Altra Industrial Motion in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $49.20.
Altra Industrial Motion (NASDAQ:AIMC) last issued its earnings results on Friday, October 20th. The industrial products company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $214.60 million for the quarter, compared to analysts’ expectations of $210.79 million. Altra Industrial Motion had a net margin of 4.92% and a return on equity of 16.30%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 earnings per share. sell-side analysts anticipate that Altra Industrial Motion will post 2.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 18th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.38%. Altra Industrial Motion’s dividend payout ratio (DPR) is 48.23%.
In other Altra Industrial Motion news, Director Lipscomb S. Michael sold 25,000 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $48.34, for a total transaction of $1,208,500.00. Following the sale, the director now directly owns 15,848 shares of the company’s stock, valued at $766,092.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Craig Schuele sold 1,685 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $50.00, for a total transaction of $84,250.00. Following the sale, the vice president now directly owns 71,201 shares in the company, valued at $3,560,050. The disclosure for this sale can be found here. Insiders have sold 26,785 shares of company stock worth $1,297,549 over the last three months. 3.20% of the stock is owned by corporate insiders.
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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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