Altra Industrial Motion (AIMC) to Release Quarterly Earnings on Thursday

Altra Industrial Motion (NASDAQ:AIMC) is scheduled to issue its quarterly earnings data before the market opens on Thursday, February 21st. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

AIMC stock opened at $31.19 on Thursday. The company has a quick ratio of 1.35, a current ratio of 2.34 and a debt-to-equity ratio of 0.61. Altra Industrial Motion has a one year low of $23.52 and a one year high of $48.25. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 15.21 and a beta of 1.91.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Monday, March 18th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, March 15th. Altra Industrial Motion’s dividend payout ratio is presently 33.17%.

AIMC has been the topic of a number of research reports. TheStreet downgraded Altra Industrial Motion from a “b-” rating to a “c+” rating in a report on Wednesday, December 12th. Zacks Investment Research upgraded Altra Industrial Motion from a “strong sell” rating to a “hold” rating in a report on Monday, December 31st. BMO Capital Markets dropped their target price on Altra Industrial Motion from $56.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. ValuEngine downgraded Altra Industrial Motion from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Finally, BidaskClub upgraded Altra Industrial Motion from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Altra Industrial Motion currently has a consensus rating of “Hold” and an average price target of $49.80.

TRADEMARK VIOLATION NOTICE: “Altra Industrial Motion (AIMC) to Release Quarterly Earnings on Thursday” was originally reported by Modern Readers and is the sole property of of Modern Readers. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.modernreaders.com/news/2019/02/14/altra-industrial-motion-aimc-to-release-quarterly-earnings-on-thursday.html.

About Altra Industrial Motion

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.

Featured Story: What is a short straddle?

Earnings History for Altra Industrial Motion (NASDAQ:AIMC)

Receive News & Ratings for Altra Industrial Motion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply