Wall Street analysts predict that Altra Industrial Motion Corp. (NASDAQ: AIMC) will report revenues of $ 225.74 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for the revenues of Altra Industrial Motion, with the highest sales estimate of $ 227.20 million and the lowest estimate comes to $ 224.28 million. Altra Industrial Motion posted sales of $ 214.62 million during the same quarter last year, suggesting a positive annual growth of 5.2%. The office is expected to announce its profit figures for the next quarter on Friday 19 October.
According to Zacks, analysts expect Altra Industrial Motion to report an annual revenue of $ 934.62 million for the current fiscal year, with estimates ranging from $ 934.24 million to $ 935.00 million. For the following year, analysts expect the company to book sales of $ 972.40 million per share. The sales calculations of Zacks are an average based on a survey among research agencies about Altra Industrial Motion.
Altra Industrial Motion (NASDAQ: AIMC) last released its earnings on Thursday 26 July. The company for industrial products reported earnings per share of $ 0.71 this quarter, on top of the $ 0.66 Zacks consensus estimate of $ 0.05. The company had sales of $ 237.32 million for the quarter compared to the consensus estimate of $ 239.02 million. Altra Industrial Motion had a net margin of 5.87% and a return on equity of 17,03%. The company's turnover increased by 6.3% compared to the same quarter last year. In the same period of the previous year, the company earned $ 0.57 EPS.
A number of brokers recently issued reports about AIMC. Zacks Investment Research has the shares of Altra Industrial Motion from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; credit was upgraded and a price target of $ 48.00 on the shares was set in a study letter on Friday, May 25. ValuEngine reduced Altra Industrial Motion shares from a & # 39; buy & # 39; credit to a & # 39; hold & # 39; rating in a study letter on Monday, April 23. BidaskClub reduced Altra Industrial Motion shares from a "sell" rating to a "strong sell" rating in a research note on Tuesday, July 3. Finally, Robert W. Baird repeated a "buy" rating and published a price target of $ 52.00 on Altra Industrial Motion shares in a study letter on Friday, July 20. Two analysts have rated the shares with a sell rating, two have a hold rating and three have assigned a buy rating to the shares. The company has an average rating of "Hold" and a consensus target price of $ 52.80.
NASDAQ shares: AIMC recorded $ 0.70 during Friday afternoon trading and reached $ 40.90. The company's shares had a trade volume of 118,000 shares, compared to the average volume of 151,097. The company has a market capitalization of $ 1.24 billion, a PE ratio of 19.98 and a beta of 1.74. Altra Industrial Motion has a 12 month low of $ 40.45 and a 12 month high of $ 53.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.58 and a quick ratio of 1.54.
The company has also recently announced a quarterly dividend, which will be paid on Tuesday, October 2. Investors of record on Monday, September 17 will receive a dividend of $ 0.17. This represents a dividend of $ 0.68 on an annual basis and a return of 1.66%. The ex-dividend date for this dividend is Friday, September 14. The payout ratio of Altra Industrial Motion is 33.17%.
In related news, VP sold Todd Patriacca 4,000 shares of the company's shares in a transaction dated Thursday, May 17. The shares were sold at an average price of $ 43.09, for a total value of $ 172,360.00. After the transaction, the vice-president now holds 26,590 shares in the company, valued at approximately $ 1,145,763.10. The sale has been published in a document submitted to the SEC, which is accessible via the SEC website. In the last quarter, insiders sold 8,000 shares of company shares valued at $ 356,360. 3.20% of the shares are currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold AIMC shares. Wasatch Advisors Inc. has reduced its stake in Altra Industrial Motion by 26.8% in the first quarter. Wasatch Advisors Inc. now owns 2,133,850 shares of the company of industrial products with a value of $ 98,050,000 after the acquisition of 450,361 additional shares during the period. Millennium Management LLC increased its stake in Altra Industrial Motion by 128.5% in the first quarter. Millennium Management LLC now owns 424,320 shares in the industrial product company's share of $ 19,498,000 after acquiring another 238,655 shares during the period. JPMorgan Chase & Co. has increased its stake in Altra Industrial Motion by 11.3% in the first quarter. JP Morgan Chase & Co. now holds 1,608,237 shares in the industrial product company's share of $ 73,898,000 after the acquisition of 163,515 additional shares during the period. BlackRock Inc. has reduced its stake in Altra Industrial Motion by 8.3% in the second quarter. BlackRock Inc. now holds 2,003,997 shares in the share capital of industrial products with a value of $ 86,373,000 after the purchase of 153,453 additional shares during the period. Finally, Victory Capital Management Inc. has in the second quarter, its stake in Altra Industrial Motion was reduced by 18.2%. Victory Capital Management Inc. now owns 985,550 shares in the share capital of industrial products with a value of $ 42,478,000 after the acquisition of 152,097 additional shares during the period.
About Altra Industrial Motion
Altra Industrial Motion Corp. designs, manufactures and sells mechanical parts for power transfer worldwide. The company operates through three segments: links, links and brakes; Electromagnetic clutches and brakes; and Gearing. It offers clutch products under the brands Ameridrives, Bibby, Lamiflex, TB Woods, Huco Dynatork, Guardian and Stromag for food processing, oil and gas, energy generation, internal transport, medical, metals, mining and mobile off-highway markets; and heavy 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, shipping and wind turbine applications.
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