Altra Industrial Motion (NASDAQ:AIMC) released its earnings results on Thursday, October 25th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.05, MarketWatch Earnings reports. The company had revenue of $228.48 million during the quarter, compared to analyst estimates of $225.89 million. Altra Industrial Motion had a net margin of 5.68% and a return on equity of 17.72%. Altra Industrial Motion updated its FY 2018 guidance to $2.86-2.91 EPS.
NASDAQ:AIMC opened at $34.01 on Friday. Altra Industrial Motion has a fifty-two week low of $30.82 and a fifty-two week high of $53.70. The firm has a market cap of $2.19 billion, a P/E ratio of 13.71 and a beta of 1.80. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.35 and a current ratio of 2.34.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Monday, December 17th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, December 14th. This represents a $0.68 annualized dividend and a yield of 2.00%. Altra Industrial Motion’s payout ratio is presently 33.17%.
Several research analysts have weighed in on AIMC shares. ValuEngine downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. BMO Capital Markets upped their price target on Altra Industrial Motion from $58.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Zacks Investment Research downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. BidaskClub downgraded Altra Industrial Motion from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Finally, Sidoti upgraded Altra Industrial Motion from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Thursday, August 30th. Three analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $50.40.
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Altra Industrial Motion Company Profile
Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications.
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