Altra Industrial Motion (NASDAQ:AIMC) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.30-2.43 for the period, compared to the Thomson Reuters consensus estimate of $2.42. The company issued revenue guidance of $895-915 million, compared to the consensus revenue estimate of $904.94 million.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Altra Industrial Motion from a hold rating to a buy rating and set a $60.00 price target on the stock in a report on Monday, January 22nd. ValuEngine downgraded shares of Altra Industrial Motion from a buy rating to a hold rating in a report on Tuesday, December 26th. Finally, BidaskClub upgraded shares of Altra Industrial Motion from a hold rating to a buy rating in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $49.40.
Altra Industrial Motion (NASDAQ AIMC) traded down $0.35 during trading on Wednesday, hitting $46.10. 167,100 shares of the stock were exchanged, compared to its average volume of 139,224. Altra Industrial Motion has a 12-month low of $36.50 and a 12-month high of $53.70. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.57 and a current ratio of 2.69. The company has a market cap of $1,359.84, a P/E ratio of 32.70 and a beta of 1.61.
Altra Industrial Motion (NASDAQ:AIMC) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Altra Industrial Motion had a return on equity of 16.30% and a net margin of 4.92%. The business had revenue of $223.30 million during the quarter, compared to the consensus estimate of $214.70 million. During the same quarter last year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 29.4% on a year-over-year basis. sell-side analysts forecast that Altra Industrial Motion will post 2.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Monday, March 19th will be issued a $0.17 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.48%. Altra Industrial Motion’s dividend payout ratio (DPR) is presently 48.23%.
In other news, VP Craig Schuele sold 3,315 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $50.00, for a total value of $165,750.00. Following the sale, the vice president now directly owns 67,886 shares in the company, valued at approximately $3,394,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.20% of the company’s stock.
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Altra Industrial Motion Company Profile
Altra Industrial Motion Corp. is a designer, producer and marketer of a range of mechanical power transmission (MPT) components. The Company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. It manufactures a range of couplings suitable for various industrial and specialty applications.
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