Altra Industrial Motion (NASDAQ:AIMC) Releases FY 2020 Pre-Market Earnings Guidance

Altra Industrial Motion (NASDAQ:AIMC) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.40-2.60 for the period, compared to the Thomson Reuters consensus estimate of $2.72. The company issued revenue guidance of $1.72-1.77 billion, compared to the consensus revenue estimate of $1.77 billion.Altra Industrial Motion also updated its FY20 guidance to $2.40-2.60 EPS.

A number of equities analysts recently issued reports on the company. ValuEngine lowered Altra Industrial Motion from a sell rating to a strong sell rating in a research note on Friday, February 7th. BidaskClub lowered Altra Industrial Motion from a buy rating to a hold rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $46.67.

AIMC stock traded down $0.99 during midday trading on Friday, reaching $36.41. The stock had a trading volume of 299,798 shares, compared to its average volume of 305,069. The stock has a market cap of $2.25 billion, a PE ratio of 27.58 and a beta of 1.96. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.40 and a current ratio of 2.09. The firm has a fifty day simple moving average of $35.59 and a two-hundred day simple moving average of $30.96. Altra Industrial Motion has a 52-week low of $23.89 and a 52-week high of $38.43.

Altra Industrial Motion (NASDAQ:AIMC) last issued its earnings results on Thursday, February 13th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.02. The company had revenue of $441.90 million during the quarter, compared to analyst estimates of $440.80 million. Altra Industrial Motion had a return on equity of 9.83% and a net margin of 4.56%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, sell-side analysts predict that Altra Industrial Motion will post 2.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.68 dividend on an annualized basis and a yield of 1.87%. Altra Industrial Motion’s dividend payout ratio (DPR) is 23.78%.

In other Altra Industrial Motion news, Director Larry Mcpherson sold 8,036 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $33.25, for a total transaction of $267,197.00. Following the sale, the director now directly owns 8,509 shares of the company’s stock, valued at approximately $282,924.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Altra Industrial Motion Company Profile

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

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