$0.61 EPS Expected for Altra Industrial Motion Corp (AIMC) This Quarter

Equities research analysts expect that Altra Industrial Motion Corp (NASDAQ:AIMC) will announce earnings of $0.61 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Altra Industrial Motion’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.59. Altra Industrial Motion reported earnings per share of $0.53 in the same quarter last year, which suggests a positive year-over-year growth rate of 15.1%. The firm is scheduled to issue its next quarterly earnings report on Friday, April 27th.

On average, analysts expect that Altra Industrial Motion will report full year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.40 to $2.45. For the next year, analysts expect that the business will report earnings of $2.69 per share, with EPS estimates ranging from $2.68 to $2.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Altra Industrial Motion.

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Altra Industrial Motion (NASDAQ:AIMC) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.02). Altra Industrial Motion had a net margin of 5.87% and a return on equity of 15.92%. The company had revenue of $223.30 million during the quarter, compared to analysts’ expectations of $214.70 million. During the same period in the previous year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year.

Several equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Friday, February 9th. BidaskClub upgraded shares of Altra Industrial Motion from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Stephens reiterated a “buy” rating and issued a $52.00 price target on shares of Altra Industrial Motion in a report on Thursday, March 8th. Finally, Robert W. Baird raised shares of Altra Industrial Motion from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Thursday, March 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $51.00.

A number of hedge funds have recently made changes to their positions in the business. Comerica Bank raised its holdings in Altra Industrial Motion by 65.5% in the 4th quarter. Comerica Bank now owns 61,301 shares of the industrial products company’s stock valued at $3,231,000 after buying an additional 24,256 shares during the period. Schwab Charles Investment Management Inc. grew its position in Altra Industrial Motion by 3.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 175,558 shares of the industrial products company’s stock valued at $8,445,000 after acquiring an additional 5,914 shares in the last quarter. Eagle Boston Investment Management Inc. grew its position in shares of Altra Industrial Motion by 6.0% during the fourth quarter. Eagle Boston Investment Management Inc. now owns 216,914 shares of the industrial products company’s stock worth $10,932,000 after buying an additional 12,220 shares in the last quarter. Swiss National Bank grew its position in shares of Altra Industrial Motion by 5.3% during the fourth quarter. Swiss National Bank now owns 51,200 shares of the industrial products company’s stock worth $2,580,000 after buying an additional 2,600 shares in the last quarter. Finally, Earnest Partners LLC grew its position in shares of Altra Industrial Motion by 20.4% during the fourth quarter. Earnest Partners LLC now owns 1,902,381 shares of the industrial products company’s stock worth $95,880,000 after buying an additional 322,792 shares in the last quarter. Institutional investors own 98.32% of the company’s stock.

Shares of NASDAQ:AIMC opened at $46.35 on Friday. Altra Industrial Motion has a twelve month low of $36.50 and a twelve month high of $53.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.49 and a current ratio of 2.51. The company has a market capitalization of $1,348.70, a P/E ratio of 22.39 and a beta of 1.64.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Monday, March 19th were issued a $0.17 dividend. The ex-dividend date was Friday, March 16th. This represents a $0.68 dividend on an annualized basis and a yield of 1.47%. Altra Industrial Motion’s payout ratio is currently 33.17%.

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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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