Altra Industrial Motion Corp. (NASDAQ:AIMC) is scheduled to be releasing its earnings data before the market opens on Friday, October 21st. Analysts expect Altra Industrial Motion Corp. to post earnings of $0.35 per share for the quarter. Altra Industrial Motion Corp. has set its FY16 guidance at $1.40-1.50 EPS.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Altra Industrial Motion Corp. had a return on equity of 16.69% and a net margin of 4.79%. The firm earned $182.70 million during the quarter, compared to analyst estimates of $183.38 million. During the same period last year, the company posted $0.43 EPS. The business’s quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts expect Altra Industrial Motion Corp. to post $1.49 EPS for the current fiscal year and $1.69 EPS for the next fiscal year.

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

Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 29.00 on Wednesday. Altra Industrial Motion Corp. has a 52-week low of $20.55 and a 52-week high of $30.00. The stock has a 50 day moving average price of $28.35 and a 200 day moving average price of $28.11. The company has a market capitalization of $751.22 million, a price-to-earnings ratio of 21.82 and a beta of 1.58.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Monday, September 19th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, September 15th. This represents a $0.60 annualized dividend and a yield of 2.07%. Altra Industrial Motion Corp.’s payout ratio is 45.45%.

Separately, Zacks Investment Research lowered shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.00.

In other news, Director James H. Woodward, Jr. sold 8,847 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $28.34, for a total transaction of $250,723.98. Following the completion of the sale, the director now directly owns 21,327 shares in the company, valued at $604,407.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lyle G. Ganske sold 5,000 shares of the stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $28.63, for a total transaction of $143,150.00. Following the sale, the director now owns 17,564 shares of the company’s stock, valued at $502,857.32. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Zacks Investment Management raised its stake in Altra Industrial Motion Corp. by 24.0% in the second quarter. Zacks Investment Management now owns 9,076 shares of the company’s stock worth $245,000 after buying an additional 1,755 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Altra Industrial Motion Corp. during the second quarter worth $350,000. Nuveen Asset Management LLC raised its stake in Altra Industrial Motion Corp. by 27.0% in the second quarter. Nuveen Asset Management LLC now owns 182,781 shares of the company’s stock worth $4,931,000 after buying an additional 38,868 shares in the last quarter. Piermont Capital Management Inc. raised its stake in Altra Industrial Motion Corp. by 94.2% in the second quarter. Piermont Capital Management Inc. now owns 29,935 shares of the company’s stock worth $808,000 after buying an additional 14,520 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in Altra Industrial Motion Corp. during the second quarter worth $218,000.

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. The Company’s products are used to control and transmit power and torque in virtually any industrial application involving movement.

5 Day Chart for NASDAQ:AIMC

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