Altra Industrial Motion Corp (AIMC) Expected to Announce Earnings of $0.74 Per Share

Equities research analysts expect that Altra Industrial Motion Corp (NASDAQ:AIMC) will post $0.74 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Altra Industrial Motion’s earnings. The lowest EPS estimate is $0.71 and the highest is $0.77. Altra Industrial Motion reported earnings per share of $0.66 in the same quarter last year, which would suggest a positive year over year growth rate of 12.1%. The company is scheduled to announce its next earnings report before the market opens on Friday, April 26th.

On average, analysts expect that Altra Industrial Motion will report full-year earnings of $3.16 per share for the current year, with EPS estimates ranging from $3.15 to $3.16. For the next financial year, analysts expect that the business will post earnings of $3.63 per share, with EPS estimates ranging from $3.61 to $3.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Altra Industrial Motion.

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

AIMC has been the topic of several research analyst reports. ValuEngine cut Altra Industrial Motion from a “sell” rating to a “strong sell” rating in a research note on Friday, January 4th. BidaskClub cut Altra Industrial Motion from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. Finally, Zacks Investment Research cut Altra Industrial Motion from a “hold” rating to a “strong sell” rating in a research note on Monday, February 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $49.25.

Shares of AIMC remained flat at $$34.37 during mid-day trading on Thursday. The stock had a trading volume of 400,253 shares, compared to its average volume of 513,825. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.91. Altra Industrial Motion has a 52-week low of $23.52 and a 52-week high of $46.55. The stock has a market capitalization of $2.11 billion, a PE ratio of 12.02 and a beta of 1.86.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 18th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, March 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.98%. Altra Industrial Motion’s dividend payout ratio (DPR) is presently 23.78%.

About Altra Industrial Motion

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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