Stephens Upgrades Altra Holdings (AIMC) to Overweight

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Altra Industrial Motion (AIMC) Reports Inline Q3 EPS; Narrows FY16 Outlook; Approves $30M Stock Buyback Plan

October 21, 2016 8:34 AM EDT

Altra Industrial Motion (NASDAQ: AIMC) reported Q3 EPS of $0.35, in-line with the analyst estimate of $0.35. Revenue for the quarter came in at $173.1 million versus the consensus estimate of $175.1 million.

Share Repurchase Program

On October 19, 2016, our board of directors approved a new share repurchase... More