30.06 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||20.00 x 1200|
|Ask||29.99 x 800|
|Day's Range||29.83 - 30.71|
|52 Week Range||12.00 - 38.43|
|Beta (5Y Monthly)||2.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 23, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||0.16 (0.55%)|
|Ex-Dividend Date||Jun 17, 2020|
|1y Target Est||34.25|
Altra Industrial (AIMC) is experiencing difficult end-market conditions on account of the coronavirus outbreak-led market downturn. Also, its high debt level is concerning.
BRAINTREE, Mass., May 04, 2020 -- Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation.
Altra Industrial's (AIMC) first-quarter results reflect modest impacts of the pandemic. It lowers earnings and sales projections for the year on the virus outbreak-led woes.
Altra (AIMC) delivered earnings and revenue surprises of 47.73% and 5.46%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Altra Industrial Motion (NASDAQ:AIMC) were unchanged at $26.86 after the company reported Q1 results.Quarterly Results Earnings per share fell 18.75% over the past year to $0.65, which beat the estimate of $0.47.Revenue of $434,200,000 lower by 10.07% from the same period last year, which beat the estimate of $406,190,000.Looking Ahead Altra Industrial Motion hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Apr 30, 2020View more earnings on AIMCTime: 09:03 AM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.altramotion.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2156640&sessionid=1&key=B8FDC1428BD11AB24668D9A1F3B4BBAC®Tag=&sourcepage=registerTechnicals Company's 52-week high was at $38.4352-week low: $12.00Price action over last quarter: down 26.23%Company Description Altra Industrial Motion Corp is a United States-based company that designs, manufactures, and markets mechanical power transmission components. The company's reportable segments are Power Transmission Technologies which includes Couplings, Clutches and Brakes, Electromagnetic Clutches and Brakes, and Gearings; and Automation and Specialty segment consist of Kollmorgen, Portescap, Thomson, and Jacobs Vehicle Systems. It generates a majority of its revenue from the Power Transmission Technologies segment.See more from Benzinga * ConnectOne Bancorp: Q1 Earnings Insights * S&T Bancorp: Q1 Earnings Insights * MGP Ingredients: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Q1 Financial Performance Reflects Moderate COVID-19 Impact Swift Actions Taken on Employee Safety, Supply Chain Security and Business Continuity.
Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.04 per share for the second quarter of 2020. Reducing the dividend to this level is expected to provide the Company with additional financial flexibility by freeing up more than $30.0 million of cash on an annualized basis. The second quarter 2020 dividend is the thirty-third consecutive dividend in the Company’s history.
Altra (AIMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Those holding Altra Industrial Motion (NASDAQ:AIMC) shares must be pleased that the share price has rebounded 35% in...
Due to the ongoing public health impact of the coronavirus disease, or COVID-19, outbreak and to support the health and well-being of our directors, officers, employees and stockholders, the Annual Meeting will be held solely by remote communication, in a “virtual only” format. Stockholders of record as of the close of business on March 16, 2020 can attend, vote and submit questions at the virtual Annual Meeting via the internet at www.virtualshareholdermeeting.com/AIMC2020 by using the control number included on the proxy card, voting instruction form or notice previously received. The Company has designed the online format of the Annual Meeting to ensure, to the extent practicable, that our stockholders are afforded the same rights and opportunities to participate as they would at an in-person meeting.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Today is shaping up negative for Altra Industrial Motion Corp. (NASDAQ:AIMC) shareholders, with the analysts...
BRAINTREE, Mass., April 07, 2020 -- Altra Industrial Motion Corp. (Nasdaq:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation.
To the annoyance of some shareholders, Altra Industrial Motion (NASDAQ:AIMC) shares are down a considerable 55% in the...
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
Altra Industrial (AIMC), with shares down 40% so far in 2020, faces headwinds from difficult end-market conditions, unfavorable movements in foreign currencies and the coronavirus outbreak.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Altra Industrial's (AIMC) projections for 2020 reflect adverse impacts of forex woes, coronavirus-related issues and end-market uncertainties.