Q3 2017 Earnings Forecast for Altra Industrial Motion Corp. Issued By Jefferies Group (NASDAQ:AIMC)

Altra Industrial Motion Corp. (NASDAQ:AIMC) – Equities research analysts at Jefferies Group increased their Q3 2017 earnings estimates for Altra Industrial Motion Corp. in a research note issued on Wednesday. Jefferies Group analyst B. Bohra now forecasts that the industrial products company will post earnings per share of $0.46 for the quarter, up from their previous estimate of $0.43. Jefferies Group currently has a “Hold” rating and a $40.00 price objective on the stock. Jefferies Group also issued estimates for Altra Industrial Motion Corp.’s Q4 2017 earnings at $0.47 EPS.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.07. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 16.50%. The business had revenue of $223.35 million for the quarter, compared to the consensus estimate of $219.15 million. During the same period in the prior year, the business posted $0.42 earnings per share. Altra Industrial Motion Corp.’s revenue for the quarter was up 22.3% compared to the same quarter last year.

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Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a research note on Thursday, July 27th. BMO Capital Markets restated a “buy” rating and set a $53.00 price objective on shares of Altra Industrial Motion Corp. in a research note on Thursday, July 27th. BidaskClub lowered shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, TheStreet upgraded shares of Altra Industrial Motion Corp. from a “c+” rating to a “b” rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $47.33.

Altra Industrial Motion Corp. (NASDAQ AIMC) opened at 44.80 on Monday. The stock has a 50 day moving average of $40.96 and a 200-day moving average of $40.06. The firm has a market capitalization of $1.31 billion, a P/E ratio of 37.46 and a beta of 1.67. Altra Industrial Motion Corp. has a 1-year low of $26.24 and a 1-year high of $46.90.

Several hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Altra Industrial Motion Corp. by 44.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,268 shares of the industrial products company’s stock worth $128,000 after buying an additional 1,010 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Altra Industrial Motion Corp. by 191.6% in the second quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock worth $176,000 after buying an additional 2,926 shares during the last quarter. 1st Global Advisors Inc. bought a new stake in Altra Industrial Motion Corp. during the first quarter worth $202,000. Stifel Financial Corp bought a new stake in Altra Industrial Motion Corp. during the first quarter worth $226,000. Finally, Capital Fund Management S.A. bought a new stake in Altra Industrial Motion Corp. during the first quarter worth $241,000. 98.21% of the stock is owned by institutional investors and hedge funds.

In related news, Director Lyle G. Ganske sold 10,000 shares of Altra Industrial Motion Corp. stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.30, for a total transaction of $453,000.00. Following the completion of the sale, the director now owns 11,493 shares of the company’s stock, valued at approximately $520,632.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Todd Patriacca sold 1,000 shares of Altra Industrial Motion Corp. stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $42.00, for a total transaction of $42,000.00. Following the sale, the vice president now directly owns 29,371 shares of the company’s stock, valued at approximately $1,233,582. The disclosure for this sale can be found here. Insiders have sold a total of 21,000 shares of company stock worth $935,000 over the last 90 days. 3.20% of the stock is owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 18th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.52%. Altra Industrial Motion Corp.’s dividend payout ratio is presently 59.13%.

Altra Industrial Motion Corp. Company Profile

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.

Earnings History and Estimates for Altra Industrial Motion Corp. (NASDAQ:AIMC)

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