Altra Industrial Motion (NASDAQ:AIMC) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of 2.40-2.60 for the period, compared to the Thomson Reuters consensus earnings per share 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.
Several research analysts recently commented on the stock. BidaskClub downgraded shares of Altra Industrial Motion from a buy rating to a hold rating in a report on Thursday, January 23rd. ValuEngine downgraded shares of Altra Industrial Motion from a sell rating to a strong sell rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $46.67.
NASDAQ:AIMC traded down $0.99 during trading hours on Friday, hitting $36.41. The stock had a trading volume of 299,798 shares, compared to its average volume of 305,069. The company has a 50 day simple moving average of $35.59 and a two-hundred day simple moving average of $30.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.09 and a quick ratio of 1.40. Altra Industrial Motion has a one year low of $23.89 and a one year high of $38.43. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 27.58 and a beta of 1.96.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 18th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.87%. The ex-dividend date is Tuesday, March 17th. Altra Industrial Motion’s payout ratio is 23.78%.
In other Altra Industrial Motion news, Director Larry Mcpherson sold 8,036 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $33.25, for a total value of $267,197.00. Following the completion of the transaction, 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 SEC, which can be accessed through the SEC website. 1.10% of the stock is 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.
Further Reading: Risk Tolerance
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.