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

$15.64
-1.85 (-10.58 %)
(As of 04/2/2020 08:15 AM ET)
Today's Range
$15.37
Now: $15.64
$16.90
50-Day Range
$13.01
MA: $25.90
$37.40
52-Week Range
$12.00
Now: $15.64
$38.43
Volume506,261 shs
Average Volume713,337 shs
Market Capitalization$1.01 billion
P/E Ratio7.90
Dividend Yield3.89%
Beta2.15
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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Altra Industrial Motion logo

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$1.83 billion
Cash Flow$4.41 per share
Book Value$29.77 per share

Profitability

Net Income$127.20 million

Miscellaneous

Employees9,200
Market Cap$1.01 billion
Next Earnings Date4/24/2020 (Estimated)
OptionableOptionable

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Altra Industrial Motion (NASDAQ:AIMC) Frequently Asked Questions

How has Altra Industrial Motion's stock been impacted by COVID-19 (Coronavirus)?

Altra Industrial Motion's stock was trading at $21.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AIMC stock has decreased by 26.8% and is now trading at $15.64. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Altra Industrial Motion's next earnings date?

Altra Industrial Motion is scheduled to release its next quarterly earnings announcement on Friday, April 24th 2020. View our earnings forecast for Altra Industrial Motion.

How were Altra Industrial Motion's earnings last quarter?

Altra Industrial Motion Corp (NASDAQ:AIMC) issued its quarterly earnings data on Thursday, February, 13th. The industrial products company reported $0.66 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.64 by $0.02. The industrial products company had revenue of $441.90 million for the quarter, compared to the consensus estimate of $440.80 million. Altra Industrial Motion had a return on equity of 9.77% and a net margin of 6.94%. The firm's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. View Altra Industrial Motion's earnings history.

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 Tuesday, February 11th. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.17 per share on Thursday, April 2nd. This represents a $0.68 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Tuesday, March 17th. View Altra Industrial Motion's dividend history.

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

Altra Industrial Motion issued an update on its FY20 earnings guidance on Thursday, February, 13th. The company provided 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 $1720-1770 million, compared to the consensus revenue estimate of $1.77 billion.

What price target have analysts set for AIMC?

3 equities research analysts have issued 1 year target prices for Altra Industrial Motion's stock. Their forecasts range from $45.00 to $49.00. On average, they anticipate Altra Industrial Motion's stock price to reach $46.67 in the next year. This suggests a possible upside of 198.4% from the stock's current price. View analysts' price targets for Altra Industrial Motion.

Has Altra Industrial Motion been receiving favorable news coverage?

Headlines about AIMC stock have trended very negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Altra Industrial Motion earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutAltra Industrial Motion.

Are investors shorting Altra Industrial Motion?

Altra Industrial Motion saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 826,200 shares, a decrease of 21.3% from the February 27th total of 1,050,000 shares. Based on an average daily trading volume, of 479,700 shares, the short-interest ratio is currently 1.7 days. Currently, 1.3% of the shares of the stock are sold short. View Altra Industrial Motion's Current Options Chain.

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 Verizon Communications (VZ), Applied Materials (AMAT), Advanced Micro Devices (AMD), Nabriva Therapeutics (NBRV), Bank Of The Ozarks (OZRK), Aduro BioTech (ADRO), Agile Therapeutics (AGRX), NVIDIA (NVDA), Yamana Gold (AUY) and Alibaba Group (BABA).

Who are Altra Industrial Motion's key executives?

Altra Industrial Motion's management team includes the following 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)

What is Altra Industrial Motion's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Altra Industrial Motion's stock price today?

One share of AIMC stock can currently be purchased for approximately $15.64.

How big of a company is Altra Industrial Motion?

Altra Industrial Motion has a market capitalization of $1.01 billion and generates $1.83 billion in revenue each year. The industrial products company earns $127.20 million in net income (profit) each year or $2.86 on an earnings per share basis. Altra Industrial Motion employs 9,200 workers across the globe. View additional information about Altra Industrial Motion.

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:  2.3 out of 5 (star star)
Outperform Votes:  421 (Vote Outperform)
Underperform Votes:  486 (Vote Underperform)
Total Votes:  907
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 4/2/2020 by MarketBeat.com Staff

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