$487.63 Million in Sales Expected for Altra Industrial Motion Corp (AIMC) This Quarter

Equities research analysts expect that Altra Industrial Motion Corp (NASDAQ:AIMC) will post sales of $487.63 million for the current quarter, according to Zacks. Two analysts have issued estimates for Altra Industrial Motion’s earnings, with the highest sales estimate coming in at $487.86 million and the lowest estimate coming in at $487.40 million. Altra Industrial Motion reported sales of $240.39 million during the same quarter last year, which indicates a positive year over year growth rate of 102.8%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Friday, April 26th.

According to Zacks, analysts expect that Altra Industrial Motion will report full-year sales of $1.94 billion for the current financial year, with estimates ranging from $1.94 billion to $1.95 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.01 billion, with estimates ranging from $2.01 billion to $2.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Altra Industrial Motion.

Altra Industrial Motion (NASDAQ:AIMC) last posted its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.06). The business had revenue of $469.20 million during the quarter, compared to analysts’ expectations of $457.57 million. Altra Industrial Motion had a net margin of 3.01% and a return on equity of 13.06%. The company’s quarterly revenue was up 110.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS.

AIMC has been the topic of a number of analyst reports. BidaskClub upgraded shares of Altra Industrial Motion from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Zacks Investment Research upgraded shares of Altra Industrial Motion from a “strong sell” rating to a “hold” rating in a research note on Monday, December 31st. Finally, ValuEngine upgraded shares of Altra Industrial Motion from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Altra Industrial Motion presently has a consensus rating of “Hold” and an average price target of $49.25.

Shares of AIMC traded up $0.74 during mid-day trading on Friday, reaching $33.46. 10,034 shares of the stock traded hands, compared to its average volume of 497,111. The firm has a market capitalization of $2.11 billion, a P/E ratio of 11.71 and a beta of 1.86. Altra Industrial Motion has a 12-month low of $23.52 and a 12-month high of $46.55. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.91.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 18th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.03%. Altra Industrial Motion’s dividend payout ratio (DPR) is presently 23.78%.

Altra Industrial Motion Company Profile

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies and Automation & Specialty.

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