Breaking News

Over a month ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Conference/Events
Altra Industrial Motion management to meet virtually with Oppenheimer » 04:55
08/07/20
08/07
04:55
08/07/20
04:55
AIMC

Altra Industrial Motion

$36.04 /

+0.07 (+0.19%)

Virtual Meetings to be…

Virtual Meetings to be held August 6-7 hosted by Oppenheimer.

ShowHide Related Items >><<
AIMC Altra Industrial Motion
$36.04 /

+0.07 (+0.19%)

AIMC Altra Industrial Motion
$36.04 /

+0.07 (+0.19%)

07/28/20 BMO Capital
Altra Industrial Motion price target raised to $45 from $40 at BMO Capital
07/27/20 Oppenheimer
Altra Industrial Motion price target raised to $42 from $36 at Oppenheimer
07/16/20 BMO Capital
Altra Industrial Motion initiated with an Outperform at BMO Capital
05/21/20
Fly Intel: Top five analyst initiations
AIMC Altra Industrial Motion
$36.04 /

+0.07 (+0.19%)

Conference/Events
Altra Industrial Motion management to meet virtually with Oppenheimer » 04:55
08/06/20
08/06
04:55
08/06/20
04:55
AIMC

Altra Industrial Motion

$35.97 /

+1.29 (+3.72%)

Virtual Meetings to be…

Virtual Meetings to be held August 6-7 hosted by Oppenheimer.

ShowHide Related Items >><<
AIMC Altra Industrial Motion
$35.97 /

+1.29 (+3.72%)

AIMC Altra Industrial Motion
$35.97 /

+1.29 (+3.72%)

07/28/20 BMO Capital
Altra Industrial Motion price target raised to $45 from $40 at BMO Capital
07/27/20 Oppenheimer
Altra Industrial Motion price target raised to $42 from $36 at Oppenheimer
07/16/20 BMO Capital
Altra Industrial Motion initiated with an Outperform at BMO Capital
05/21/20
Fly Intel: Top five analyst initiations
AIMC Altra Industrial Motion
$35.97 /

+1.29 (+3.72%)

Conference/Events
Altra Industrial Motion management to meet virtually with Oppenheimer » 10:32
08/04/20
08/04
10:32
08/04/20
10:32
AIMC

Altra Industrial Motion

$34.98 /

+0.02 (+0.06%)

Virtual Meetings to be…

Virtual Meetings to be held August 6-7 hosted by Oppenheimer.

ShowHide Related Items >><<
AIMC Altra Industrial Motion
$34.98 /

+0.02 (+0.06%)

AIMC Altra Industrial Motion
$34.98 /

+0.02 (+0.06%)

07/28/20 BMO Capital
Altra Industrial Motion price target raised to $45 from $40 at BMO Capital
07/27/20 Oppenheimer
Altra Industrial Motion price target raised to $42 from $36 at Oppenheimer
07/16/20 BMO Capital
Altra Industrial Motion initiated with an Outperform at BMO Capital
05/21/20
Fly Intel: Top five analyst initiations
AIMC Altra Industrial Motion
$34.98 /

+0.02 (+0.06%)

Conference/Events
Altra Industrial Motion management to meet virtually with Sidoti » 04:55
07/30/20
07/30
04:55
07/30/20
04:55
AIMC

Altra Industrial Motion

$36.62 /

+1.48 (+4.21%)

Virtual Meeting to be…

Virtual Meeting to be held on July 30 hosted by Sidoti.

ShowHide Related Items >><<
AIMC Altra Industrial Motion
$36.62 /

+1.48 (+4.21%)

AIMC Altra Industrial Motion
$36.62 /

+1.48 (+4.21%)

07/28/20 BMO Capital
Altra Industrial Motion price target raised to $45 from $40 at BMO Capital
07/27/20 Oppenheimer
Altra Industrial Motion price target raised to $42 from $36 at Oppenheimer
07/16/20 BMO Capital
Altra Industrial Motion initiated with an Outperform at BMO Capital
05/21/20
Fly Intel: Top five analyst initiations
AIMC Altra Industrial Motion
$36.62 /

+1.48 (+4.21%)

Recommendations
Altra Industrial Motion price target raised to $45 from $40 at BMO Capital » 09:21
07/28/20
07/28
09:21
07/28/20
09:21
AIMC

Altra Industrial Motion

$34.26 /

-0.24 (-0.70%)

BMO Capital analyst Joel…

BMO Capital analyst Joel Tiss raised the firm's price target on Altra Industrial Motion to $45 from $40 and keeps an Outperform rating on the shares after its Q2 earnings beat, saying its broad customer exposures and less-cyclical Automation and Specialty, or A&S, businesses provided some stability to earnings. The analyst believes that Altra Industrial can "meaningfully enhance its profitability profile" given the management's "significant" restructuring effors and incorporating A&S business contribution.

ShowHide Related Items >><<
AIMC Altra Industrial Motion
$34.26 /

-0.24 (-0.70%)

AIMC Altra Industrial Motion
$34.26 /

-0.24 (-0.70%)

07/27/20 Oppenheimer
Altra Industrial Motion price target raised to $42 from $36 at Oppenheimer
07/16/20 BMO Capital
Altra Industrial Motion initiated with an Outperform at BMO Capital
05/21/20
Fly Intel: Top five analyst initiations
05/20/20 Oppenheimer
Altra Industrial Motion initiated with an Outperform at Oppenheimer
AIMC Altra Industrial Motion
$34.26 /

-0.24 (-0.70%)

Conference/Events
Altra Industrial Motion management to meet virtually with Sidoti » 12:17
07/27/20
07/27
12:17
07/27/20
12:17
AIMC

Altra Industrial Motion

$34.04 /

-0.46 (-1.33%)

Virtual Meeting to be…

Virtual Meeting to be held on July 30 hosted by Sidoti.

ShowHide Related Items >><<
AIMC Altra Industrial Motion
$34.04 /

-0.46 (-1.33%)

AIMC Altra Industrial Motion
$34.04 /

-0.46 (-1.33%)

07/27/20 Oppenheimer
Altra Industrial Motion price target raised to $42 from $36 at Oppenheimer
07/16/20 BMO Capital
Altra Industrial Motion initiated with an Outperform at BMO Capital
05/21/20
Fly Intel: Top five analyst initiations
05/20/20 Oppenheimer
Altra Industrial Motion initiated with an Outperform at Oppenheimer
AIMC Altra Industrial Motion
$34.04 /

-0.46 (-1.33%)

Recommendations
Altra Industrial Motion price target raised to $42 from $36 at Oppenheimer » 07:36
07/27/20
07/27
07:36
07/27/20
07:36
AIMC

Altra Industrial Motion

$34.50 /

+0.35 (+1.02%)

Oppenheimer analyst Bryan…

Oppenheimer analyst Bryan Blair raised the firm's price target on Altra Industrial Motion to $42 from $36 and keeps an Outperform rating on the shares. The analyst notes that Altra reported Q2 adjusted EPS of 60c, significantly beating his/consensus 31c estimate. Both segments were solidly ahead of his modeling, aided by a gain on the corporate expense line, he adds. Adjusting for non-recurring medical and rent concession benefits, Blair views the operational beat as about 22c for the quarter. Overall, the analyst points out that Q2 demand was better than feared, with select areas of material outperformance partly offset by steeper than anticipated medical declines.

ShowHide Related Items >><<
AIMC Altra Industrial Motion
$34.50 /

+0.35 (+1.02%)

AIMC Altra Industrial Motion
$34.50 /

+0.35 (+1.02%)

07/16/20 BMO Capital
Altra Industrial Motion initiated with an Outperform at BMO Capital
05/21/20
Fly Intel: Top five analyst initiations
05/20/20 Oppenheimer
Altra Industrial Motion initiated with an Outperform at Oppenheimer
04/28/20 Rosenblatt
Altra Industrial Motion initiated with a Neutral at Rosenblatt
AIMC Altra Industrial Motion
$34.50 /

+0.35 (+1.02%)

Earnings
Altra Industrial Motion sees FY20 adj. EPS $2.05-$2.30, consensus $1.84 » 07:04
07/24/20
07/24
07:04
07/24/20
07:04
AIMC

Altra Industrial Motion

$34.15 /

+1.55 (+4.75%)

Sees revenue…

Sees revenue $1.58B-$1.64B, consensus $1.57B.

ShowHide Related Items >><<
AIMC Altra Industrial Motion
$34.15 /

+1.55 (+4.75%)

AIMC Altra Industrial Motion
$34.15 /

+1.55 (+4.75%)

07/16/20 BMO Capital
Altra Industrial Motion initiated with an Outperform at BMO Capital
05/21/20
Fly Intel: Top five analyst initiations
05/20/20 Oppenheimer
Altra Industrial Motion initiated with an Outperform at Oppenheimer
04/28/20 Rosenblatt
Altra Industrial Motion initiated with a Neutral at Rosenblatt
AIMC Altra Industrial Motion
$34.15 /

+1.55 (+4.75%)

Earnings
Altra Industrial Motion reports Q2 adjusted EPS 60c, consensus 31c » 07:02
07/24/20
07/24
07:02
07/24/20
07:02
AIMC

Altra Industrial Motion

$34.15 /

+1.55 (+4.75%)

Reports Q2 revenue…

Reports Q2 revenue $400.8M, consensus $368.01M. "Altra's second-quarter execution was outstanding as we exceeded our expectations for both revenue and profitability and demonstrated our ability to perform well in a downturn," said Carl Christenson, Altra's Chairman and Chief Executive Officer. "The broad diversity of our end markets as a result of the merger has clearly helped mitigate the financial impact of the current economic crisis. Sales were higher than expected due to the outperformance of select markets - including the Class 8 truck and wind turbine markets in China - and better-than-anticipated overall demand during a tough macro-economic environment. Our aggressive actions to reduce costs led to the excellent bottom-line performance as well as strong cash flow generation and debt reduction. I am beyond proud of the Altra team around the globe as they continue to strive to keep fellow employees healthy by vigilantly maintaining safety protocols, while at the same time sustaining business continuity and positioning Altra for success in the post-pandemic world. We expect that certain of our markets will benefit as we move beyond COVID-19, such as factory automation, robotics, medical equipment and food processing. While visibility in the second half of the year remains limited due to the uncertainty around COVID-19, we believe we are well positioned to deliver on our new guidance assuming that we maintain current order rates. Against a challenging backdrop, we have demonstrated the incredible resilience of our business model and our team's ability to take actions very quickly to maintain good cash flow and continue to reduce debt during a downturn. We are controlling what we can control in the short-term while protecting the necessary resources to drive growth and thrive as a premier industrial company for the long term when the global economy recovers."

ShowHide Related Items >><<
AIMC Altra Industrial Motion
$34.15 /

+1.55 (+4.75%)

AIMC Altra Industrial Motion
$34.15 /

+1.55 (+4.75%)

07/16/20 BMO Capital
Altra Industrial Motion initiated with an Outperform at BMO Capital
05/21/20
Fly Intel: Top five analyst initiations
05/20/20 Oppenheimer
Altra Industrial Motion initiated with an Outperform at Oppenheimer
04/28/20 Rosenblatt
Altra Industrial Motion initiated with a Neutral at Rosenblatt
AIMC Altra Industrial Motion
$34.15 /

+1.55 (+4.75%)

Initiation
Altra Industrial Motion initiated with an Outperform at BMO Capital » 04:49
07/16/20
07/16
04:49
07/16/20
04:49
AIMC

Altra Industrial Motion

$33.74 /

+1.46 (+4.52%)

BMO Capital analyst Joel…

BMO Capital analyst Joel Tiss initiated coverage of Altra Industrial Motion with an Outperform rating and $40 price target. Altra operates within the $200B power-transmission and motion-control industry and continues to prioritize cash generation to lower its total debt and de-lever its balance sheet, Tiss tells investors in a research note. The analyst is confident that the company will "meaningfully enhance" its margin over time.

ShowHide Related Items >><<
AIMC Altra Industrial Motion
$33.74 /

+1.46 (+4.52%)

AIMC Altra Industrial Motion
$33.74 /

+1.46 (+4.52%)

05/21/20
Fly Intel: Top five analyst initiations
05/20/20 Oppenheimer
Altra Industrial Motion initiated with an Outperform at Oppenheimer
04/28/20 Rosenblatt
Altra Industrial Motion initiated with a Neutral at Rosenblatt
04/06/20 KeyBanc
KeyBanc upgrades Altra Industrial Motion on attractive entry point
AIMC Altra Industrial Motion
$33.74 /

+1.46 (+4.52%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.