We have issued an updated research report on Altra Industrial Motion Corp. (AIMC - Free Report) on Jul 15.
The company currently carries a Zacks Rank #4 (Sell). Its market capitalization is approximately $2.1 billion.
Let’s delve deeper and discuss what led to its poor investment appeal.
Share Price Performances & Earnings Estimate Revision: Market sentiments have been against Altra Industrial for quite some time now. Its stock price has decreased roughly 0.9% in the past three months against the industry’s growth of 1.1%.
Also, it is worth noting that shares of the company have lost 10.9% since the release of first-quarter 2019 results on Apr 26, 2019. Furthermore, earnings estimates for Altra Industrial for 2019 and 2020 have been lowered in the past 60 days. Currently, the Zacks Consensus Estimate for the company’s earnings is pegged at $3.15 for 2019 and $3.55 for 2020, reflecting declines of 0.6% and 0.8% from the respective 60-day-ago numbers.
Altra Industrial Motion Corp. Price and Consensus