Altra Industrial Motion Corp. (AIMC)

NASDAQ: AIMC · IEX Real-Time Price · USD
33.70
-0.73 (-2.12%)
Sep 23, 2022 4:00 PM EDT - Market closed
-2.12%
Market Cap 2.19B
Revenue (ttm) 1.95B
Net Income (ttm) 18.80M
Shares Out 65.07M
EPS (ttm) 0.29
PE Ratio 116.21
Forward PE 10.01
Dividend $0.34 (1.01%)
Ex-Dividend Date Sep 15, 2022
Volume 224,045
Open 33.84
Previous Close 34.43
Day's Range 32.62 - 33.97
52-Week Range 32.18 - 62.25
Beta 2.08
Analysts Buy
Price Target 55.71 (+65.3%)
Earnings Date Oct 20, 2022

About AIMC

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in various motion-related applications, and high-volume manufacturing and non-manufacturing processes. It operates in two segments, Power Transmission Technologies (PTT) and Automation & Specialty (A&S). The PTT segment offers couplings, such as gear couplings, diaphragm and disc couplings, elastomeric couplings, miniature and precision couplings, universal joints, mill spindles, and shaft locking devices ... [Read more...]

Industry Machinery
IPO Date Dec 15, 2006
CEO Carl Christenson
Employees 9,000
Stock Exchange NASDAQ
Ticker Symbol AIMC
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for AIMC stock is "Buy." The 12-month stock price forecast is 55.71, which is an increase of 65.31% from the latest price.

Price Target
$55.71
(65.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Reasons Why You Should Retain Altra Industrial (AIMC) for Now

Altra Industrial (AIMC) is gaining from progress across its end markets, robust orders, a healthy backlog level, buyouts and impressive shareholder-friendly policies.

2 days ago - Zacks Investment Research

Reasons Why You Should Avoid Altra Industrial (AIMC) Stock Now

Altra Industrial (AIMC) experiences inflation in raw material costs coupled with supply-chain constraints. High debt level is also a cause for concern.

1 month ago - Zacks Investment Research

Altra Industrial (AIMC) Q2 Earnings & Revenues Beat Estimates

Altra Industrial's (AIMC) Q2 earnings results reflect gains from a solid performance in its Power Transmission Technologies segment.

1 month ago - Zacks Investment Research

CORRECTING and REPLACING: Altra Reports Second Quarter 2022 Results

Broad-Based Demand & Strong Execution Support Sales of $498.1M Pricing Initiatives Offset Inflationary Pressures  Balance Sheet Strength Highlighted by Leverage Ratio Returning to Low End of Target Rang...

1 month ago - GlobeNewsWire

Altra Industrial Motion (AIMC) Beats Q2 Earnings and Revenue Estimates

Altra (AIMC) delivered earnings and revenue surprises of 1.20% and 3.54%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Altra Reports Second Quarter 2022 Results

Broad-Based Demand & Strong Execution Support Sales of $498.1M Pricing Initiatives Offset Inflationary Pressures  Balance Sheet Strength Highlighted by Leverage Ratio Returning to Low End of Target Rang...

1 month ago - GlobeNewsWire

Altra Industrial Motion Corp. Announces Third Quarter 2022 Dividend

BRAINTREE, Mass., July 25, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products...

1 month ago - GlobeNewsWire

Altra Industrial Motion Corp. to Host Conference Call on Second Quarter 2022 Financial Results

BRAINTREE, Mass., July 14, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products,...

2 months ago - GlobeNewsWire

Strength Seen in Altra (AIMC): Can Its 9.3% Jump Turn into More Strength?

Altra (AIMC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

2 months ago - Zacks Investment Research

Reasons to Avoid Betting on Altra Industrial (AIMC) Stock Now

Altra Industrial (AIMC) is experiencing weakness across its aerospace and defense, and the renewable energy end markets alongside bearing high costs and operating expenses.

4 months ago - Zacks Investment Research

Altra Industrial (AIMC) Q1 Earnings Beat, 2022 View Solid

Altra Industrial (AIMC) Q1 earnings results reflect the impacts of supply-chain restrictions, high costs and expenses plus effective pricing.

4 months ago - Zacks Investment Research

Altra Reports First Quarter 2022 Results

Achieves Record Quarterly Sales of $512M Supported by Broad-Based Market Demand

4 months ago - GlobeNewsWire

Altra Announces New $300 Million Share Repurchase Program

BRAINTREE, Mass., April 26, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation product...

4 months ago - GlobeNewsWire

Altra Industrial Motion Corp. Announces Second Quarter 2022 Dividend

BRAINTREE, Mass., April 26, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation product...

4 months ago - GlobeNewsWire

Altra Industrial Motion Corp. to Present at Oppenheimer 17th Annual Industrial Growth Conference

BRAINTREE, Mass., April 21, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation product...

5 months ago - GlobeNewsWire

Altra Industrial (AIMC) Disposes of Vehicle Systems Business

The divestment of the Jacobs Vehicle Systems (JVS) business fetches Altra Industrial (AIMC) $325 million worth of cash. The sell-off will help AIMC concentrate more on its highly engineered products.

5 months ago - Zacks Investment Research

Altra Completes Divestiture of Jacobs Vehicle Systems Business

BRAINTREE, Mass., April 14, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmis...

5 months ago - GlobeNewsWire

Altra Industrial Motion Corp. to Host Conference Call on First Quarter 2022 Financial Results

BRAINTREE, Mass., April 08, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products...

5 months ago - GlobeNewsWire

Altra Releases Inaugural Sustainability Report

BRAINTREE, Mass., March 28, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmis...

5 months ago - GlobeNewsWire

Why Is Altra (AIMC) Down 11.9% Since Last Earnings Report?

Altra (AIMC) reported earnings 30 days ago. What's next for the stock?

6 months ago - Zacks Investment Research

Altra Industrial Motion Corp. to Host Investor Day Providing New Long-Term Strategy for Delivering Profitable Growth

Introduces 3-Year Financial Targets and Presents Path to $3B by 2027

6 months ago - GlobeNewsWire

Altra Industrial Motion Corp. to Host and Webcast 2022 Investor Day Live on March 8, 2022

BRAINTREE, Mass., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmiss...

7 months ago - GlobeNewsWire

Altra Industrial (AIMC) Q4 Earnings Miss, '22 View Solid

Altra Industrial's (AIMC) Q4 earnings reflect the impacts of end-market strength, supply-chain restrictions, labor issues, and a hike in costs and expenses. It predicts y/y growth in 2022 earnings.

7 months ago - Zacks Investment Research

Altra Industrial Motion (AIMC) Misses Q4 Earnings Estimates

Altra (AIMC) delivered earnings and revenue surprises of -10.67% and 1.80%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

Altra Reports Fourth Quarter 2021 Results

Announced Acquisition of Nook Industries and Agreement to Divest JVS Strong Demand Continues Across Nearly All End Markets Resulting in Record Sales for the Year November 2021 $1.4 Billion Refinancing S...

7 months ago - GlobeNewsWire