Altra Industrial Motion - AIMC Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altra Industrial Motion in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AIMC shares.
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2 Wall Street analysts have issued twelve-month price objectives for Altra Industrial Motion's stock. Their AIMC share price forecasts range from $50.00 to $62.00. On average, they predict the company's stock price to reach $56.67 in the next year. This suggests that the stock has a possible downside of 4.7%.
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Altra Industrial Motion's stock was trading at $51.57 at the beginning of the year. Since then, AIMC shares have increased by 15.3% and is now trading at $59.46.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Altra Industrial Motion Corp. (NASDAQ:AIMC) announced its earnings results on Thursday, November, 3rd. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by $0.01. The industrial products company earned $466.30 million during the quarter, compared to the consensus estimate of $466.43 million. Altra Industrial Motion had a net margin of 0.87% and a trailing twelve-month return on equity of 10.73%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS.

Altra Industrial Motion announced a quarterly dividend on Wednesday, November 2nd. Investors of record on Friday, December 16th will be given a dividend of $0.09 per share on Tuesday, January 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, December 15th.
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Altra Industrial Motion (NASDAQ:AIMC) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.61%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 144.01%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AIMC will have a dividend payout ratio of 10.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIMC.

Altra Industrial Motion updated its third quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $466.30 million-$466.30 million, compared to the consensus revenue estimate of $471.05 million.

14 employees have rated Altra Industrial Motion Chief Executive Officer Carl R. Christenson on Glassdoor.com. Carl R. Christenson has an approval rating of 100% among the company's employees. This puts Carl R. Christenson in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Altra Industrial Motion investors own include Pfizer (PFE), Advanced Micro Devices (AMD), OPKO Health (OPK), Fortive (FTV), Corning (GLW), Applied Materials (AMAT), Ampio Pharmaceuticals (AMPE), Berry Global Group (BERY), Eastman Chemical (EMN) and Louisiana-Pacific (LPX).

Altra Industrial Motion trades on the NASDAQ under the ticker symbol "AIMC."

Altra Industrial Motion's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.40%), BlackRock Inc. (8.96%), Boston Partners (5.05%), Macquarie Group Ltd. (3.97%), Victory Capital Management Inc. (2.91%) and Dimensional Fund Advisors LP (2.86%). Insiders that own company stock include Carl R Christenson, Christian Storch, Craig Schuele, Glenn E Deegan, James H Woodward Jr, Lyle G Ganske and Todd Patriacca.
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Shares of AIMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AIMC stock can currently be purchased for approximately $59.46.

Altra Industrial Motion (NASDAQ:AIMC) has a market capitalization of $3.87 billion and generates $1.90 billion in revenue each year. The industrial products company earns $27.70 million in net income (profit) each year or $0.25 on an earnings per share basis.

The company employs 9,600 workers across the globe.

Altra Industrial Motion's mailing address is 300 GRANITE STREET SUITE 201, BRAINTREE MA, 02184. The official website for the company is www.altramotion.com. The industrial products company can be reached via phone at (781) 917-0600, via email at ir@altramotion.com, or via fax at 781-843-0709.