Equities research analysts forecast that Altra Industrial Motion Corp (NASDAQ:AIMC) will report earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Altra Industrial Motion’s earnings. Altra Industrial Motion posted earnings per share of $0.47 during the same quarter last year, which suggests a negative year over year growth rate of 19.1%. The company is scheduled to announce its next earnings report before the market opens on Thursday, February 21st.

On average, analysts expect that Altra Industrial Motion will report full-year earnings of $2.39 per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of $2.11 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Altra Industrial Motion.

AIMC has been the topic of a number of research analyst reports. ValuEngine cut shares of Altra Industrial Motion from a “sell” rating to a “strong sell” rating in a report on Friday, January 4th. BidaskClub cut shares of Altra Industrial Motion from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Zacks Investment Research raised shares of Altra Industrial Motion from a “strong sell” rating to a “hold” rating in a report on Monday, December 31st. BMO Capital Markets reissued an “outperform” rating and issued a $45.00 price target on shares of Altra Industrial Motion in a report on Monday, November 19th. Finally, TheStreet cut shares of Altra Industrial Motion from a “b-” rating to a “c+” rating in a report on Wednesday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.80.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its position in Altra Industrial Motion by 316.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,094 shares of the industrial products company’s stock valued at $176,000 after buying an additional 3,111 shares in the last quarter. California Public Employees Retirement System boosted its position in Altra Industrial Motion by 9.5% in the second quarter. California Public Employees Retirement System now owns 56,167 shares of the industrial products company’s stock valued at $2,421,000 after buying an additional 4,850 shares in the last quarter. Northern Trust Corp boosted its position in Altra Industrial Motion by 0.4% in the second quarter. Northern Trust Corp now owns 368,856 shares of the industrial products company’s stock valued at $15,898,000 after buying an additional 1,596 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Altra Industrial Motion by 8.3% in the second quarter. BlackRock Inc. now owns 2,003,997 shares of the industrial products company’s stock valued at $86,373,000 after buying an additional 153,453 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

Altra Industrial Motion stock opened at $30.77 on Friday. Altra Industrial Motion has a one year low of $23.52 and a one year high of $49.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.34 and a quick ratio of 1.35. The stock has a market cap of $1.98 billion, a PE ratio of 15.01 and a beta of 1.91.

About Altra Industrial Motion

Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications.

Recommended Story: What is a bull market?

Get a free copy of the Zacks research report on Altra Industrial Motion (AIMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Altra Industrial Motion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion and related companies with MarketBeat.com's FREE daily email newsletter.