Altra Industrial Motion (AIMC) Set to Announce Earnings on Thursday

Altra Industrial Motion (NASDAQ:AIMC – Get Rating) will issue its quarterly earnings data before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Altra Industrial Motion has set its FY 2022 guidance at $3.550-$3.700 EPS and its FY22 guidance at $3.55-3.70 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Altra Industrial Motion (NASDAQ:AIMC – Get Rating) last announced its quarterly earnings results on Wednesday, February 16th. The industrial products company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). Altra Industrial Motion had a net margin of 1.46% and a return on equity of 10.40%. The company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $461.39 million. During the same quarter last year, the company earned $0.76 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect Altra Industrial Motion to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NASDAQ:AIMC opened at $37.01 on Thursday. The business’s fifty day moving average price is $40.07 and its two-hundred day moving average price is $48.57. Altra Industrial Motion has a fifty-two week low of $33.88 and a fifty-two week high of $68.07. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 90.27, a price-to-earnings-growth ratio of 0.66 and a beta of 2.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.80 and a quick ratio of 2.16.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Thursday, March 17th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, March 16th. Altra Industrial Motion’s payout ratio is presently 78.05%.

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in shares of Altra Industrial Motion by 1.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 255,322 shares of the industrial products company’s stock valued at $13,167,000 after acquiring an additional 3,897 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Altra Industrial Motion by 22.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 91,287 shares of the industrial products company’s stock worth $4,708,000 after buying an additional 17,035 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Altra Industrial Motion by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 89,994 shares of the industrial products company’s stock worth $4,641,000 after buying an additional 1,773 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in Altra Industrial Motion during the fourth quarter valued at about $3,908,000. Finally, Legal & General Group Plc raised its position in Altra Industrial Motion by 12.6% during the fourth quarter. Legal & General Group Plc now owns 65,612 shares of the industrial products company’s stock valued at $3,383,000 after purchasing an additional 7,353 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on AIMC shares. TheStreet lowered Altra Industrial Motion from a “b-” rating to a “c” rating in a research note on Wednesday, February 16th. Robert W. Baird dropped their price target on Altra Industrial Motion from $55.00 to $46.00 in a research report on Wednesday, March 9th. StockNews.com started coverage on Altra Industrial Motion in a report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Zacks Investment Research upgraded Altra Industrial Motion from a “sell” rating to a “hold” rating and set a $37.00 price objective for the company in a report on Tuesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $55.41.

Altra Industrial Motion Company Profile (Get Rating)

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

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