Equities research analysts forecast that Altra Industrial Motion Corp. (NASDAQ:AIMC) will post sales of $211.02 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Altra Industrial Motion Corp.’s earnings, with the lowest sales estimate coming in at $210.20 million and the highest estimate coming in at $212.06 million. Altra Industrial Motion Corp. reported sales of $173.13 million in the same quarter last year, which indicates a positive year-over-year growth rate of 21.9%. The business is scheduled to issue its next earnings report on Friday, October 20th.

On average, analysts expect that Altra Industrial Motion Corp. will report full year sales of $211.02 million for the current year, with estimates ranging from $858.00 million to $863.40 million. For the next financial year, analysts anticipate that the firm will post sales of $893.60 million per share, with estimates ranging from $887.90 million to $898.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Altra Industrial Motion Corp..

Altra Industrial Motion Corp. (NASDAQ:AIMC) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The business had revenue of $223.35 million for 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%. The company’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS.

Several equities analysts have weighed in on AIMC shares. Zacks Investment Research cut Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub cut Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Jefferies Group LLC lifted their target price on Altra Industrial Motion Corp. from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, May 8th. BMO Capital Markets reaffirmed a “buy” rating and set a $53.00 target price on shares of Altra Industrial Motion Corp. in a research note on Thursday, July 27th. Finally, ValuEngine raised Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Altra Industrial Motion Corp. presently has a consensus rating of “Buy” and a consensus price target of $47.33.

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In other news, Chairman Carl R. Christenson sold 10,000 shares of Altra Industrial Motion Corp. stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the sale, the chairman now directly owns 98,805 shares in the company, valued at approximately $4,545,030. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Gerald P. Ferris sold 15,000 shares of Altra Industrial Motion Corp. stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $44.50, for a total value of $667,500.00. Following the sale, the vice president now owns 16,722 shares of the company’s stock, valued at $744,129. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,180 shares of company stock valued at $1,997,980. 3.20% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Stifel Financial Corp lifted its holdings in shares of Altra Industrial Motion Corp. by 2.5% during the 2nd quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock valued at $237,000 after buying an additional 148 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Altra Industrial Motion Corp. by 1.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,684 shares of the industrial products company’s stock valued at $1,181,000 after buying an additional 293 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its holdings in shares of Altra Industrial Motion Corp. by 4.6% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 7,098 shares of the industrial products company’s stock valued at $277,000 after buying an additional 311 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Altra Industrial Motion Corp. by 6.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,353 shares of the industrial products company’s stock valued at $286,000 after buying an additional 425 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Altra Industrial Motion Corp. by 23.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock valued at $100,000 after buying an additional 479 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

Shares of Altra Industrial Motion Corp. (NASDAQ AIMC) traded down 0.98% on Friday, hitting $45.60. 102,907 shares of the stock traded hands. The company’s 50 day moving average is $43.58 and its 200 day moving average is $41.12. Altra Industrial Motion Corp. has a one year low of $26.24 and a one year high of $46.90. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 38.13 and a beta of 1.64.

The company 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 dividend payout ratio is 59.13%.

About Altra Industrial Motion Corp.

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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