Zacks: Analysts Anticipate Altra Industrial Motion Corp (AIMC) to Announce $0.49 Earnings Per Share

Equities analysts expect Altra Industrial Motion Corp (NASDAQ:AIMC) to post $0.49 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Altra Industrial Motion’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.49. Altra Industrial Motion reported earnings per share of $0.41 during the same quarter last year, which suggests a positive year-over-year growth rate of 19.5%. The company is scheduled to report its next quarterly earnings report on Monday, February 26th.

According to Zacks, analysts expect that Altra Industrial Motion will report full year earnings of $2.05 per share for the current year, with EPS estimates ranging from $2.04 to $2.06. For the next year, analysts anticipate that the company will post earnings of $2.32 per share, with EPS estimates ranging from $2.30 to $2.35. Zacks’ EPS calculations are an average based on a survey of research firms that cover Altra Industrial Motion.

Altra Industrial Motion (NASDAQ:AIMC) last released its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Altra Industrial Motion had a net margin of 4.92% and a return on equity of 16.30%. The business had revenue of $214.60 million for the quarter, compared to the consensus estimate of $210.79 million. During the same period in the prior year, the company posted $0.35 earnings per share. Altra Industrial Motion’s revenue was up 24.0% compared to the same quarter last year.

Several research firms recently 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 target on the stock in a research note on Friday, December 15th. ValuEngine cut shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Sidoti cut shares of Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. BidaskClub raised shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $48.00 price objective on shares of Altra Industrial Motion in a research report on Wednesday, October 4th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $49.20.

Altra Industrial Motion (AIMC) opened at $49.35 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.69 and a quick ratio of 1.57. Altra Industrial Motion has a one year low of $35.20 and a one year high of $50.95. The company has a market cap of $1,440.00, a PE ratio of 35.00 and a beta of 1.67.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Monday, December 18th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.68 annualized dividend and a yield of 1.38%. Altra Industrial Motion’s dividend payout ratio is 48.23%.

In related news, VP Craig Schuele sold 3,315 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $50.00, for a total transaction of $165,750.00. Following the completion of the sale, the vice president now owns 67,886 shares of the company’s stock, valued at $3,394,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lipscomb S. Michael sold 25,000 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was 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 approximately $766,092.32. The disclosure for this sale can be found here. Insiders have sold 30,100 shares of company stock valued at $1,463,299 in the last ninety days. 3.20% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Altra Industrial Motion by 9.3% in the second quarter. Vanguard Group Inc. now owns 2,229,616 shares of the industrial products company’s stock worth $88,739,000 after acquiring an additional 189,048 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Altra Industrial Motion by 15.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 169,644 shares of the industrial products company’s stock worth $6,752,000 after acquiring an additional 22,833 shares during the last quarter. Parametrica Management Ltd bought a new position in shares of Altra Industrial Motion in the third quarter worth about $418,000. First Trust Advisors LP bought a new position in shares of Altra Industrial Motion in the third quarter worth about $375,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Altra Industrial Motion by 12.3% in the second quarter. The Manufacturers Life Insurance Company now owns 21,891 shares of the industrial products company’s stock worth $872,000 after acquiring an additional 2,393 shares during the last quarter. 99.22% of the stock is owned by hedge funds and other institutional investors.

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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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