Altra Industrial Motion Corp. (NASDAQ:AIMC) is expected to report third quarter earnings results, before market open, on Friday 23rd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.46 per share.
Looking ahead, the full year income are expected at $ 2.25 per share on the revenues of $ 1633.98 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1580.00 million ~ $ 1640.00 million, where as bottomline are predicted in a range of $ 2.05 ~ $ 2.30 per share
Click Here For More Historical Outlooks Of Altra Industrial Motion Corp.
Previous Quarter Performance
Altra Industrial Motion Corp. recorded income for the second quarter of $ 0.34 per share, from the revenue of $ 400.80 million, On adjusted basis, AIMC reported income for the quarter of $ 0.60 per share. The quarterly earnings down 24.44 percent while revenues shrunk 14.08 percent compared with the same quarter last year. The consensus estimates are income of $ 0.31 per share from $ 368.01 million in revenue. The bottom line results beat street analysts by $ 0.29 or 93.55 percent, at the same time, top line results outshined analysts by $ 32.79 million or 8.91 percent.
Stock Performance
Shares of Altra Industrial Motion Corp. traded up $ 1.11 or 2.82 percent on Thursday, reaching $ 40.45 with volume of 408.70 thousand shares. Altra Industrial Motion Corp. has traded high as $ 40.81 and has cracked $ 39.26 on the downward trend
The closing price of $ 40.45, representing a 227.83 % increase from the 52 week low of $ 12.00 and a 8.87 % decrease over the 52 week high of $ 43.17.
The company has a market capital of $ 2.62 billion and is part of the Industrial Goods sector and Industrial Electrical Equipment industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by KeyBanc at Overweight rating, with $ 48.00 target price.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized 3Q20 dividend of $ 0.04 per share to holders of record as of the close of business on September 18, 2020, with payment date of October 2, 2020 and ex-dividend date on September 17, 2020.
Conference Call
Altra Industrial Motion Corp. will be hosting a conference call at 10:00 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.altramotion.com
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.
