Altra Industrial Motion Corp. (AIMC) Issues Earnings Results, Beats Estimates By $0.02 EPS

Altra Industrial Motion Corp. (NASDAQ:AIMC) issued its quarterly earnings data on Friday. The industrial products company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02, Bloomberg Earnings reports. The company had revenue of $214.60 million for the quarter, compared to the consensus estimate of $210.79 million. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 16.50%. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share.

Shares of Altra Industrial Motion Corp. (NASDAQ AIMC) traded down 3.35% during mid-day trading on Friday, reaching $47.65. 45,556 shares of the company’s stock were exchanged. The company has a market capitalization of $1.40 billion, a PE ratio of 39.84 and a beta of 1.67. The company’s 50-day moving average price is $47.31 and its 200-day moving average price is $43.10. Altra Industrial Motion Corp. has a one year low of $27.35 and a one year high of $50.00.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 18th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.68 dividend on an annualized basis and a yield of 1.38%. Altra Industrial Motion Corp.’s dividend payout ratio is currently 59.13%.

A number of brokerages recently weighed in on AIMC. Zacks Investment Research downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub downgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Robert W. Baird restated a “hold” rating and set a $48.00 price objective on shares of Altra Industrial Motion Corp. in a research report on Wednesday, October 4th. Sidoti downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $49.20.

In other Altra Industrial Motion Corp. news, VP Glenn E. Deegan sold 1,825 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $43.37, for a total transaction of $79,150.25. Following the completion of the sale, the vice president now directly owns 41,419 shares in the company, valued at approximately $1,796,342.03. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Carl R. Christenson sold 1,601 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $47.00, for a total transaction of $75,247.00. Following the sale, the chief executive officer now owns 98,805 shares of the company’s stock, valued at $4,643,835. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,104 shares of company stock valued at $2,934,408. Company insiders own 3.20% of the company’s stock.

WARNING: This article was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/20/altra-industrial-motion-corp-aimc-issues-earnings-results-beats-estimates-by-0-02-eps.html.

Altra Industrial Motion Corp. 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 couplin

Shares of Altra Industrial Motion Corp. (NASDAQ AIMC) traded down 3.35% during mid-day trading on Friday, reaching $47.65. 45,556 shares of the company’s stock were exchanged. The company has a market capitalization of $1.40 billion, a PE ratio of 39.84 and a beta of 1.67. The company’s 50-day moving average price is $47.31 and its 200-day moving average price is $43.10. Altra Industrial Motion Corp. has a one year low of $27.35 and a one year high of $50.00.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 18th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.68 dividend on an annualized basis and a yield of 1.38%. Altra Industrial Motion Corp.’s dividend payout ratio is currently 59.13%.

A number of brokerages recently weighed in on AIMC. Zacks Investment Research downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub downgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Robert W. Baird restated a “hold” rating and set a $48.00 price objective on shares of Altra Industrial Motion Corp. in a research report on Wednesday, October 4th. Sidoti downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $49.20.

In other Altra Industrial Motion Corp. news, VP Glenn E. Deegan sold 1,825 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $43.37, for a total transaction of $79,150.25. Following the completion of the sale, the vice president now directly owns 41,419 shares in the company, valued at approximately $1,796,342.03. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Carl R. Christenson sold 1,601 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $47.00, for a total transaction of $75,247.00. Following the sale, the chief executive officer now owns 98,805 shares of the company’s stock, valued at $4,643,835. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,104 shares of company stock valued at $2,934,408. Company insiders own 3.20% of the company’s stock.

WARNING: This article was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/20/altra-industrial-motion-corp-aimc-issues-earnings-results-beats-estimates-by-0-02-eps.html.

Altra Industrial Motion Corp. 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.

Earnings History for Altra Industrial Motion Corp. (NASDAQ:AIMC)

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