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Why Altra Industrial (AIMC) Stock Might be a Great Pick?
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On Mar 1, 2017, we issued an updated research report on premium industrial electrical equipment company, Altra Industrial Motion Corp. .
Over the last one month, Altra Industrial Motion’s shares yielded 6.05% return – outperforming the 2.9% gain provided by the Zacks categorized Machinery-General Industrial industry. This Zacks Rank #1 (Strong Buy) stock is currently engulfed with several optimistic aspects.
Why to Grab the Stock?
Altra Industrial Motion’s fourth-quarter 2016 adjusted earnings surpassed the Zacks Consensus Estimate by 20.6% and the year-ago tally by 13.9%. The company noted that the remarkable upside came on the back of robust sales volume as well as favorable pricing conditions. The company is well poised to benefit from its diversified product portfolio, and wide customer base in the energy, general industrial, material handling, metals, mining, special machinery, transportation, & turf and garden industries.
For 2017, Altra Industrial Motion anticipates to accrue earnings within the range of $1.75–$1.85 per share, higher than the earnings of $1.56 per share reported for full-year 2016. Notably, since the beginning of 2015, Altra Industrial Motion has initiated certain restructuring and cost-saving strategies, in a bid to keep expenses under control and align business operations with the current aggregate market demand. On the back of these strategies, the company intends to reduce the number of its facilities by 20–30%, as well as improve its supply chain worldwide by the end of 2018. Also, in Jan 2017, the company closed the acquisition of the Stromag business of GKN plc., known for its tailored-engineered solution for customers in various markets. Its product portfolio includes clutches and brakes, flexible couplings, limit switches and friction discs. Altra Industrial Motion projects the acquired assets to be earnings accretive in 2017.
Over the last seven days, the Zacks Consensus Estimate for the stock moved north by 6.3% to $1.85 for 2017 and by 1% for 2018, reflecting positive market sentiments. Notably, the stock’s projected earnings per share growth (F1/F0) is currently pegged at 18.59%.
Key Picks
Some other favorably placed stocks within the industry are listed below:
Applied Industrial Technologies, Inc. (AIT - Free Report) carries a Zacks Rank #2 (Buy) and has an average earnings surprise of +6.18% for the trailing four quarters.
Avery Dennison Corporation (AVY - Free Report) also holds a Zacks Rank #2 and has an average earnings surprise of +6.17% for the past quarters.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research.See these stocks free >>
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Why Altra Industrial (AIMC) Stock Might be a Great Pick?
On Mar 1, 2017, we issued an updated research report on premium industrial electrical equipment company, Altra Industrial Motion Corp. .
Over the last one month, Altra Industrial Motion’s shares yielded 6.05% return – outperforming the 2.9% gain provided by the Zacks categorized Machinery-General Industrial industry. This Zacks Rank #1 (Strong Buy) stock is currently engulfed with several optimistic aspects.
Why to Grab the Stock?
Altra Industrial Motion’s fourth-quarter 2016 adjusted earnings surpassed the Zacks Consensus Estimate by 20.6% and the year-ago tally by 13.9%. The company noted that the remarkable upside came on the back of robust sales volume as well as favorable pricing conditions. The company is well poised to benefit from its diversified product portfolio, and wide customer base in the energy, general industrial, material handling, metals, mining, special machinery, transportation, & turf and garden industries.
For 2017, Altra Industrial Motion anticipates to accrue earnings within the range of $1.75–$1.85 per share, higher than the earnings of $1.56 per share reported for full-year 2016. Notably, since the beginning of 2015, Altra Industrial Motion has initiated certain restructuring and cost-saving strategies, in a bid to keep expenses under control and align business operations with the current aggregate market demand. On the back of these strategies, the company intends to reduce the number of its facilities by 20–30%, as well as improve its supply chain worldwide by the end of 2018. Also, in Jan 2017, the company closed the acquisition of the Stromag business of GKN plc., known for its tailored-engineered solution for customers in various markets. Its product portfolio includes clutches and brakes, flexible couplings, limit switches and friction discs. Altra Industrial Motion projects the acquired assets to be earnings accretive in 2017.
Over the last seven days, the Zacks Consensus Estimate for the stock moved north by 6.3% to $1.85 for 2017 and by 1% for 2018, reflecting positive market sentiments. Notably, the stock’s projected earnings per share growth (F1/F0) is currently pegged at 18.59%.
Key Picks
Some other favorably placed stocks within the industry are listed below:
ACCO Brands Corporation (ACCO - Free Report) has an average earnings surprise of +24.74% for the last four quarters and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Applied Industrial Technologies, Inc. (AIT - Free Report) carries a Zacks Rank #2 (Buy) and has an average earnings surprise of +6.18% for the trailing four quarters.
Avery Dennison Corporation (AVY - Free Report) also holds a Zacks Rank #2 and has an average earnings surprise of +6.17% for the past quarters.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research.See these stocks free >>