Brokers Set Expectations for Altra Industrial Motion Corp’s Q2 2019 Earnings (NASDAQ:AIMC)

Altra Industrial Motion Corp (NASDAQ:AIMC) – Research analysts at KeyCorp issued their Q2 2019 earnings per share (EPS) estimates for Altra Industrial Motion in a note issued to investors on Sunday, April 28th, according to Zacks Investment Research. KeyCorp analyst J. Hammond anticipates that the industrial products company will post earnings of $0.81 per share for the quarter. KeyCorp also issued estimates for Altra Industrial Motion’s Q3 2019 earnings at $0.77 EPS and Q4 2019 earnings at $0.77 EPS.

Altra Industrial Motion (NASDAQ:AIMC) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.09. The company had revenue of $482.80 million during the quarter, compared to the consensus estimate of $475.58 million. Altra Industrial Motion had a return on equity of 11.72% and a net margin of 4.34%. The firm’s quarterly revenue was up 100.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 EPS.

Several other research firms also recently weighed in on AIMC. TheStreet upgraded Altra Industrial Motion from a “c+” rating to a “b” rating in a research note on Friday, April 26th. Zacks Investment Research upgraded Altra Industrial Motion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. ValuEngine upgraded Altra Industrial Motion from a “strong sell” rating to a “sell” rating in a research note on Friday, April 19th. Finally, BidaskClub upgraded Altra Industrial Motion from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Altra Industrial Motion has a consensus rating of “Hold” and an average price target of $49.25.

Shares of AIMC stock traded down $1.29 on Wednesday, hitting $33.67. 417,100 shares of the stock were exchanged, compared to its average volume of 516,173. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.37 and a current ratio of 2.06. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 11.77 and a beta of 1.93. Altra Industrial Motion has a one year low of $23.52 and a one year high of $46.35.

In related news, Director Lipscomb S. Michael bought 13,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $37.30 per share, for a total transaction of $484,900.00. Following the purchase, the director now directly owns 27,290 shares in the company, valued at $1,017,917. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christian Storch sold 18,574 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $37.23, for a total value of $691,510.02. Following the completion of the transaction, the chief financial officer now owns 26,528 shares of the company’s stock, valued at approximately $987,637.44. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.68 annualized dividend and a yield of 2.02%. Altra Industrial Motion’s dividend payout ratio is currently 23.78%.

Altra Industrial Motion Company Profile

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies and Automation & Specialty.

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