Altra Industrial Motion (AIMC) Set to Announce Earnings on Thursday

Altra Industrial Motion (NASDAQ:AIMC) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Altra Industrial Motion to post earnings of $0.67 per share for the quarter. Altra Industrial Motion has set its FY19 guidance at $2.81-2.97 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Altra Industrial Motion (NASDAQ:AIMC) last issued its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). The firm had revenue of $466.50 million during the quarter, compared to the consensus estimate of $488.01 million. Altra Industrial Motion had a net margin of 4.34% and a return on equity of 10.50%. The company’s revenue for the quarter was up 96.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, analysts expect Altra Industrial Motion to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NASDAQ:AIMC opened at $30.04 on Wednesday. The company has a market cap of $1.82 billion, a PE ratio of 10.50 and a beta of 1.94. The company’s 50-day moving average price is $27.23 and its 200 day moving average price is $30.99. Altra Industrial Motion has a fifty-two week low of $23.52 and a fifty-two week high of $38.15. The company has a quick ratio of 1.41, a current ratio of 2.12 and a debt-to-equity ratio of 0.89.

In related news, Director Larry Mcpherson sold 9,922 shares of Altra Industrial Motion stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $25.40, for a total value of $252,018.80. Following the sale, the director now directly owns 9,608 shares in the company, valued at approximately $244,043.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Several analysts recently weighed in on AIMC shares. KeyCorp cut their price objective on shares of Altra Industrial Motion from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. ValuEngine downgraded shares of Altra Industrial Motion from a “hold” rating to a “sell” rating in a research report on Monday. BidaskClub downgraded shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. TheStreet downgraded shares of Altra Industrial Motion from a “b-” rating to a “c+” rating in a research report on Monday, August 12th. Finally, Robert W. Baird set a $46.00 price objective on shares of Altra Industrial Motion and gave the company a “buy” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.25.

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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Earnings History for Altra Industrial Motion (NASDAQ:AIMC)

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