Earnings results for Altra Industrial Motion (NASDAQ:AIMC)
Altra Industrial Motion Corp. is expected* to report earnings on 02/12/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.7. The reported EPS for the same quarter last year was $0.66.
Analyst Opinion on Altra Industrial Motion (NASDAQ:AIMC)
5 Wall Street analysts have issued ratings and price targets for Altra Industrial Motion in the last 12 months. Their average twelve-month price target is $50.80, predicting that the stock has a possible downside of 9.82%. The high price target for AIMC is $65.00 and the low price target for AIMC is $22.00. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Altra Industrial Motion has received a consensus rating of Buy. The company’s average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $50.80, Altra Industrial Motion has a forecasted downside of 9.8% from its current price of $56.33. Altra Industrial Motion has only been the subject of 2 research reports in the past 90 days.
Dividend Strength: Altra Industrial Motion (NASDAQ:AIMC)
Altra Industrial Motion has a dividend yield of 0.42%, which is in the bottom 25% of all stocks that pay dividends. Altra Industrial Motion has only been increasing its dividend for 1 years. The dividend payout ratio of Altra Industrial Motion is 8.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Altra Industrial Motion will have a dividend payout ratio of 7.27% next year. This indicates that Altra Industrial Motion will be able to sustain or increase its dividend.
Insiders buying/selling: Altra Industrial Motion (NASDAQ:AIMC)
In the past three months, Altra Industrial Motion insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,122,060.00 in company stock. Only 1.20% of the stock of Altra Industrial Motion is held by insiders.
Earnings and Valuation of Altra Industrial Motion (NASDAQ:AIMC
Earnings for Altra Industrial Motion are expected to grow by 17.44% in the coming year, from $2.81 to $3.30 per share. The P/E ratio of Altra Industrial Motion is -187.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Altra Industrial Motion is -187.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Altra Industrial Motion has a PEG Ratio of 1.26. PEG Ratios above 1 indicate that a company could be overvalued. Altra Industrial Motion has a P/B Ratio of 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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