Analysts expect Altra Industrial Motion Corp (NASDAQ:AIMC) to report $456.34 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Altra Industrial Motion’s earnings. The lowest sales estimate is $453.10 million and the highest is $459.58 million. Altra Industrial Motion posted sales of $223.32 million during the same quarter last year, which would suggest a positive year over year growth rate of 104.3%. The business is expected to report its next earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that Altra Industrial Motion will report full year sales of $1.16 billion for the current year, with estimates ranging from $1.16 billion to $1.17 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.97 billion, with estimates ranging from $1.96 billion to $1.98 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Altra Industrial Motion.

Altra Industrial Motion (NASDAQ:AIMC) last posted its earnings results on Thursday, October 25th. The industrial products company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Altra Industrial Motion had a net margin of 5.68% and a return on equity of 17.82%. The business had revenue of $228.48 million during the quarter, compared to the consensus estimate of $225.89 million.

A number of equities research analysts have recently issued reports on AIMC shares. ValuEngine downgraded shares of Altra Industrial Motion from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Zacks Investment Research raised shares of Altra Industrial Motion from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, October 3rd. BidaskClub raised shares of Altra Industrial Motion from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th. BMO Capital Markets cut their price objective on shares of Altra Industrial Motion from $59.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, August 30th. Finally, Sidoti raised shares of Altra Industrial Motion from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Thursday, August 30th. Two research analysts have rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $50.40.

Shares of AIMC stock traded down $1.24 during mid-day trading on Friday, reaching $33.43. 711,284 shares of the company’s stock traded hands, compared to its average volume of 1,590,032. Altra Industrial Motion has a 12 month low of $30.82 and a 12 month high of $53.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.58 and a quick ratio of 1.50. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 16.31 and a beta of 1.80.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Monday, December 17th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Friday, December 14th. Altra Industrial Motion’s payout ratio is 33.17%.

In other Altra Industrial Motion news, Chairman Carl R. Christenson acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, October 30th. The stock was purchased at an average price of $31.44 per share, with a total value of $157,200.00. Following the transaction, the chairman now directly owns 96,697 shares in the company, valued at approximately $3,040,153.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WealthTrust Fairport LLC lifted its stake in shares of Altra Industrial Motion by 131.4% during the 2nd quarter. WealthTrust Fairport LLC now owns 3,934 shares of the industrial products company’s stock valued at $170,000 after buying an additional 2,234 shares in the last quarter. Earnest Partners LLC lifted its stake in Altra Industrial Motion by 0.6% in the 2nd quarter. Earnest Partners LLC now owns 1,951,449 shares of the industrial products company’s stock worth $84,107,000 after purchasing an additional 11,332 shares in the last quarter. California Public Employees Retirement System lifted its stake in Altra Industrial Motion by 9.5% in the 2nd quarter. California Public Employees Retirement System now owns 56,167 shares of the industrial products company’s stock worth $2,421,000 after purchasing an additional 4,850 shares in the last quarter. Sei Investments Co. lifted its stake in Altra Industrial Motion by 11.7% in the 2nd quarter. Sei Investments Co. now owns 96,791 shares of the industrial products company’s stock worth $4,172,000 after purchasing an additional 10,127 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Altra Industrial Motion by 316.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,094 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 3,111 shares in the last quarter.

Altra Industrial Motion Company Profile

Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications.

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