Equities analysts forecast that Altra Industrial Motion Corp. (NASDAQ:AIMC) will announce earnings of $0.46 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Altra Industrial Motion Corp.’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.44. Altra Industrial Motion Corp. posted earnings of $0.35 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 31.4%. The company is scheduled to report its next earnings report on Friday, October 20th.

According to Zacks, analysts expect that Altra Industrial Motion Corp. will report full-year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.05. For the next financial year, analysts forecast that the company will post earnings of $2.28 per share, with EPS estimates ranging from $2.25 to $2.30. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Altra Industrial Motion Corp..

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. The company had revenue of $223.35 million during the quarter, compared to analyst estimates of $219.15 million. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 16.50%. Altra Industrial Motion Corp.’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS.

A number of equities analysts have issued reports on the company. ValuEngine upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a report on Thursday, July 27th. BMO Capital Markets reiterated a “buy” rating and issued a $53.00 price objective on shares of Altra Industrial Motion Corp. in a report on Thursday, July 27th. BidaskClub downgraded Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Finally, Jefferies Group LLC increased their price objective on Altra Industrial Motion Corp. from $38.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.33.

Altra Industrial Motion Corp. (NASDAQ:AIMC) traded down 0.98% during mid-day trading on Wednesday, hitting $45.60. 102,907 shares of the stock traded hands. Altra Industrial Motion Corp. has a 1-year low of $26.24 and a 1-year high of $46.90. The firm has a market capitalization of $1.34 billion, a P/E ratio of 38.13 and a beta of 1.64. The company has a 50-day moving average of $43.58 and a 200 day moving average of $41.12.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 18th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, September 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.49%. Altra Industrial Motion Corp.’s payout ratio is presently 59.13%.

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In other news, Director Lyle G. Ganske sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.30, for a total transaction of $453,000.00. Following the completion of the transaction, the director now directly owns 11,493 shares in the company, valued at $520,632.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Glenn E. Deegan sold 1,825 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $43.37, for a total value of $79,150.25. Following the transaction, the vice president now owns 41,419 shares of the company’s stock, valued at $1,796,342.03. The disclosure for this sale can be found here. Insiders have sold 44,180 shares of company stock valued at $1,997,980 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in Altra Industrial Motion Corp. by 2.7% in the 1st quarter. Wells Fargo & Company MN now owns 640,923 shares of the industrial products company’s stock worth $24,964,000 after buying an additional 16,750 shares in the last quarter. Bank of America Corp DE increased its holdings in Altra Industrial Motion Corp. by 31.6% in the 1st quarter. Bank of America Corp DE now owns 241,876 shares of the industrial products company’s stock worth $9,421,000 after buying an additional 58,023 shares in the last quarter. AQR Capital Management LLC increased its holdings in Altra Industrial Motion Corp. by 10.2% in the 1st quarter. AQR Capital Management LLC now owns 46,319 shares of the industrial products company’s stock worth $1,804,000 after buying an additional 4,294 shares in the last quarter. Bbva Compass Bancshares Inc. increased its holdings in Altra Industrial Motion Corp. by 4.6% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 7,098 shares of the industrial products company’s stock worth $277,000 after buying an additional 311 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Altra Industrial Motion Corp. by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 2,040,568 shares of the industrial products company’s stock worth $79,480,000 after buying an additional 117,984 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

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.

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

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