Altra Industrial Motion Corp (AIMC) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.38. The company posted revenue of $182.67 million in the period, compared to analysts expectations of $183.62 million. The company’s revenue was down -7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Altra Industrial Motion Corp opened for trading at $28.5 and hit $28.86 on the upside on Wednesday, eventually ending the session at $28.53, with a gain of 0.18% or 0.05 points. The heightened volatility saw the trading volume jump to 1,63,938 shares. Company has a market cap of $741 M.
In a different news, on Jul 14, 2016, Gerald P Ferris (V.P. Global Sales) sold 9,200 shares at $29.00 per share price. According to the SEC, on May 19, 2016, James H Jr Woodward (director) sold 8,882 shares at $28.12 per share price. On May 17, 2016, Carl R Christenson (Chief Executive Officer) sold 30,000 shares at $27.33 per share price, according to the Form-4 filing with the securities and exchange commission.
Altra Industrial Motion Corp. is a global designer producer and marketer of a range of mechanical power transmission components. The Company’s product portfolio includes clutches and brakes couplings and gearing and power transmission components. It operates in three segments: couplings clutches and brakes and gearing and power transmission components. The Company’s various coupling products include gear couplings diaphragm and disc couplings elastomeric couplings miniature and precision couplings as well as universal joints mill spindles and shaft locking devices. Its clutches and brakes products include electromagnetic clutch and brakes overrunning clutches and heavy duty clutches and brakes. Its gearing and power transmission components include gears bearing assemblies and belted drives. The Company offers its products under various brand names such as Ameridrives Ameridrives Power Transmission Bibby Warner Electric Inertia Dynamics and Matrix among others.