Altra Industrial Motion (AIMC) Earning Somewhat Favorable News Coverage, Study Finds
News stories about Altra Industrial Motion (NASDAQ:AIMC) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Altra Industrial Motion earned a news impact score of 0.08 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.6607931079821 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several analysts have commented on AIMC shares. ValuEngine cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Sidoti cut Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 price target for the company. in a report on Wednesday, October 4th. They noted that the move was a valuation call. Robert W. Baird restated a “hold” rating and issued a $48.00 price target on shares of Altra Industrial Motion in a report on Wednesday, October 4th. Zacks Investment Research cut Altra Industrial Motion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, BMO Capital Markets restated a “buy” rating and issued a $53.00 price target on shares of Altra Industrial Motion in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $49.20.
Altra Industrial Motion (AIMC) opened at $48.10 on Friday. The company has a market capitalization of $1,410.00, a P/E ratio of 24.42 and a beta of 1.67. The company has a current ratio of 2.69, a quick ratio of 1.57 and a debt-to-equity ratio of 0.77. Altra Industrial Motion has a 52-week low of $34.80 and a 52-week high of $50.00.
Altra Industrial Motion (NASDAQ:AIMC) last released its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $214.60 million for the quarter, compared to analyst estimates of $210.79 million. Altra Industrial Motion had a return on equity of 16.30% and a net margin of 4.92%. Altra Industrial Motion’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. analysts predict that Altra Industrial Motion will post 2.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 18th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, December 15th. Altra Industrial Motion’s dividend payout ratio (DPR) is presently 48.23%.
In other Altra Industrial Motion news, Director Lipscomb S. Michael sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $48.34, for a total value of $1,208,500.00. Following the transaction, the director now directly owns 15,848 shares of the company’s stock, valued at approximately $766,092.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Carl R. Christenson sold 8,323 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $47.00, for a total value of $391,181.00. Following the completion of the transaction, the chief executive officer now directly owns 98,805 shares in the company, valued at $4,643,835. The disclosure for this sale can be found here. Insiders have sold a total of 46,709 shares of company stock worth $2,233,977 over the last three months. 3.20% of the stock is currently owned by corporate insiders.
About Altra Industrial Motion
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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