NASDAQ:AIMC - Altra Industrial Motion Stock Price, News, & Analysis

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$34.77 +0.12 (+0.35 %)
(As of 04/24/2019 10:02 AM ET)
Previous Close$34.65
Today's Range$34.77 - $34.77
52-Week Range$23.52 - $46.55
Volume100 shs
Average Volume511,690 shs
Market Capitalization$2.24 billion
P/E Ratio12.12
Dividend Yield1.99%
Beta1.86
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. The Power Transmission Technologies segment offers couplings, such as gear couplings, diaphragm and disc couplings, elastomeric couplings, miniature and precision couplings, joints, mill spindles, and shaft locking devices under the Ameridrives, Bibby, Guardian, Huco, Lamiflex, Stromag, and TB Wood's brands; clutches and brakes under the Industrial Clutch, Formsprag, Stieber, Stromag, Svendborg, Twiflex, and Wichita brands; electromagnetic clutches and brakes under the Inertia Dynamics, Matrix, Stromag, and Warner Electric brands; and gears under the Bauer Gear Motor, Boston Gear, Delroyd, and Nuttall brands. The Automation & Specialty segment provides rotary precision motion solutions, including servo and stepper motors, precision linear actuators, and electronic drives and motion controllers, as well as related software under the Kollmorgen brand; and miniature motors, as well as motion control products, such as brush and brushless DC, can stack, and disc magnet motors under the Portescap brand. This segment also offers linear bearings, guides, glides, lead and ball screws, industrial linear actuators, resolvers, and inductors for the transition of rotary motion to linear motion under the Thomson brand; and heavy-duty diesel engine brake systems and valve actuation mechanisms, including compression release, and bleeder and exhaust brakes under the Jacobs Vehicle Systems brand. The company was formerly known as Altra Holdings, Inc. and changed its name to Altra Industrial Motion Corp. in November 2013. Altra Industrial Motion Corp. was incorporated in 2004 and is headquartered in Braintree, Massachusetts.

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Industry, Sector and Symbol

Industry General industrial machinery,
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
Current SymbolNASDAQ:AIMC
CUSIP02208R10
Phone781-917-0600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.18 billion
Cash Flow$2.8570 per share
Book Value$28.68 per share

Profitability

Net Income$35.34 million

Miscellaneous

Employees9,300
Market Cap$2.24 billion
Next Earnings Date4/26/2019 (Confirmed)
OptionableOptionable

Altra Industrial Motion (NASDAQ:AIMC) Frequently Asked Questions

What is Altra Industrial Motion's stock symbol?

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

How often does Altra Industrial Motion pay dividends? What is the dividend yield for Altra Industrial Motion?

Altra Industrial Motion declared a quarterly dividend on Wednesday, February 13th. Stockholders of record on Monday, March 18th will be given a dividend of $0.17 per share on Tuesday, April 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, March 15th. View Altra Industrial Motion's Dividend History.

How were Altra Industrial Motion's earnings last quarter?

Altra Industrial Motion Corp (NASDAQ:AIMC) issued its quarterly earnings results on Thursday, February, 21st. The industrial products company reported $0.65 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.71 by $0.06. The industrial products company earned $469.20 million during the quarter, compared to analyst estimates of $457.57 million. Altra Industrial Motion had a return on equity of 13.06% and a net margin of 3.01%. Altra Industrial Motion's quarterly revenue was up 110.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. View Altra Industrial Motion's Earnings History.

When is Altra Industrial Motion's next earnings date?

Altra Industrial Motion is scheduled to release their next quarterly earnings announcement on Friday, April 26th 2019. View Earnings Estimates for Altra Industrial Motion.

What guidance has Altra Industrial Motion issued on next quarter's earnings?

Altra Industrial Motion issued an update on its FY19 earnings guidance on Thursday, February, 21st. The company provided earnings per share (EPS) guidance of $3.02-$3.18 for the period, compared to the Thomson Reuters consensus estimate of $3.02. The company issued revenue guidance of $1.92-$1.95 billion, compared to the consensus revenue estimate of $1.94 billion.Altra Industrial Motion also updated its FY 2019 guidance to $3.02-3.18 EPS.

What price target have analysts set for AIMC?

3 analysts have issued 12 month price targets for Altra Industrial Motion's stock. Their forecasts range from $45.00 to $52.00. On average, they anticipate Altra Industrial Motion's stock price to reach $49.3333 in the next year. This suggests a possible upside of 41.9% from the stock's current price. View Analyst Price Targets for Altra Industrial Motion.

What is the consensus analysts' recommendation for Altra Industrial Motion?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altra Industrial Motion in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Altra Industrial Motion.

Has Altra Industrial Motion been receiving favorable news coverage?

News headlines about AIMC stock have been trending somewhat negative recently, according to InfoTrie. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Altra Industrial Motion earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the company's share price in the next several days.

Who are some of Altra Industrial Motion's key competitors?

What other stocks do shareholders of Altra Industrial Motion own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Altra Industrial Motion investors own include Micron Technology (MU), Bank Of The Ozarks (OZRK), Applied Materials (AMAT), NVIDIA (NVDA), Altria Group (MO), Baxter International (BAX), Colgate-Palmolive (CL), General Electric (GE), American Airlines Group (AAL) and Adobe (ADBE).

Who are Altra Industrial Motion's key executives?

Altra Industrial Motion's management team includes the folowing people:
  • Mr. Carl R. Christenson, Chairman & CEO (Age 59)
  • Mr. Christian Storch, VP & CFO (Age 59)
  • Mr. Todd B. Patriacca, Chief Accounting Officer, VP of Fin., Corp. Controller & Treasurer (Age 49)
  • Mr. Glenn E. Deegan, VP of Legal & HR, Gen. Counsel and Sec. (Age 52)
  • Mr. Craig Schuele, VP of Marketing & Bus. Devel. (Age 55)

How do I buy shares of Altra Industrial Motion?

Shares of AIMC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Altra Industrial Motion's stock price today?

One share of AIMC stock can currently be purchased for approximately $34.77.

How big of a company is Altra Industrial Motion?

Altra Industrial Motion has a market capitalization of $2.24 billion and generates $1.18 billion in revenue each year. The industrial products company earns $35.34 million in net income (profit) each year or $2.86 on an earnings per share basis. Altra Industrial Motion employs 9,300 workers across the globe.

What is Altra Industrial Motion's official website?

The official website for Altra Industrial Motion is http://www.altramotion.com.

How can I contact Altra Industrial Motion?

Altra Industrial Motion's mailing address is 300 GRANITE STREET SUITE 201, BRAINTREE MA, 02184. The industrial products company can be reached via phone at 781-917-0600.


MarketBeat Community Rating for Altra Industrial Motion (NASDAQ AIMC)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  299 (Vote Outperform)
Underperform Votes:  367 (Vote Underperform)
Total Votes:  666
MarketBeat's community ratings are surveys of what our community members think about Altra Industrial Motion and other stocks. Vote "Outperform" if you believe AIMC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AIMC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/24/2019 by MarketBeat.com Staff

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