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.

Further Reading: Is it Safe to Invest in Commodities?

Get a free copy of the Zacks research report on Altra Industrial Motion (AIMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Altra Industrial Motion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit