Altra Industrial Motion (AIMC) Lifted to “Sell” at ValuEngine

ValuEngine upgraded shares of Altra Industrial Motion (NASDAQ:AIMC) from a strong sell rating to a sell rating in a research note issued to investors on Friday morning, ValuEngine reports.

A number of other equities research analysts have also recently issued reports on the stock. BidaskClub raised shares of Altra Industrial Motion from a strong sell rating to a sell rating in a report on Wednesday, January 9th. Zacks Investment Research raised shares of Altra Industrial Motion from a strong sell rating to a hold rating in a report on Monday, December 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Altra Industrial Motion has an average rating of Hold and a consensus price target of $49.25.

Shares of AIMC stock opened at $34.37 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.91. Altra Industrial Motion has a 1 year low of $23.52 and a 1 year high of $46.55. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 12.02 and a beta of 1.86.

Altra Industrial Motion (NASDAQ:AIMC) last issued its earnings results on Thursday, February 21st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.06). Altra Industrial Motion had a net margin of 3.01% and a return on equity of 13.06%. The business had revenue of $469.20 million for the quarter, compared to the consensus estimate of $457.57 million. During the same period in the previous year, the firm earned $0.47 EPS. The company’s revenue was up 110.2% compared to the same quarter last year. As a group, sell-side analysts expect that Altra Industrial Motion will post 3.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 18th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.98%. Altra Industrial Motion’s payout ratio is currently 23.78%.

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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