Revenue Update on Altra Industrial Motion Corp(NASDAQ:AIMC)

Altra Industrial Motion Corp(NASDAQ:AIMC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $182.67M. Analysts estimated a revenue of $183.38M. Earnings per share were $0.42. Analysts had estimated an EPS of $0.39.

Altra Industrial Motion Corp (AIMC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.18% or 0.05 points. Due to strong positive momentum, the stock ended at $28.53, which is also near the day’s high of $28.86. The stock began the session at $28.5 and the volume stood at 1,63,938 shares. The 52-week high of the shares is $30 and the 52 week low is $20.55. The company has a current market capitalization of $741 M and it has 2,59,69,876 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 14, 2016, Gerald P Ferris (V.P. Global Sales) sold 9,200 shares at $29.00 per share price.Also, 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.

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