Press coverage about Altra Industrial Motion (NASDAQ:AIMC) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altra Industrial Motion earned a news impact score of 0.20 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.4543288698255 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Brokerages Expect Altra Industrial Motion Corp (AIMC) to Announce $0.61 EPS (americanbankingnews.com)
- Altra Industrial Motion (AIMC) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Robert W. Baird Upgrades Altra Industrial Motion (AIMC) to Outperform (americanbankingnews.com)
- Stephens Reiterates Buy Rating for Altra Industrial Motion (AIMC) (americanbankingnews.com)
- Altra Industrial Motion (AIMC) Upgraded by BidaskClub to “Hold” (americanbankingnews.com)
A number of analysts have weighed in on AIMC shares. Zacks Investment Research lowered shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. ValuEngine lowered shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. BidaskClub upgraded shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, Robert W. Baird restated a “neutral” rating and set a $50.00 price objective (down from $54.00) on shares of Altra Industrial Motion in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $51.00.
Shares of Altra Industrial Motion (AIMC) opened at $47.05 on Friday. The firm has a market cap of $1,411.87, a PE ratio of 26.43 and a beta of 1.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.49 and a current ratio of 2.51. Altra Industrial Motion has a 12 month low of $36.50 and a 12 month high of $53.70.
Altra Industrial Motion (NASDAQ:AIMC) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Altra Industrial Motion had a return on equity of 15.92% and a net margin of 5.87%. The company had revenue of $223.30 million during the quarter, compared to the consensus estimate of $214.70 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The business’s revenue was up 29.4% compared to the same quarter last year. equities research analysts predict that Altra Industrial Motion will post 2.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Monday, March 19th will be paid 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 1.45%. Altra Industrial Motion’s dividend payout ratio is presently 38.20%.
In other news, VP Craig Schuele sold 3,315 shares of Altra Industrial Motion stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $50.00, for a total value of $165,750.00. Following the completion of the sale, the vice president now directly owns 67,886 shares in the company, valued at $3,394,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.
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About Altra Industrial Motion
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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