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Altra Holdings (NASDAQ:AIMC): Closing price $24.98
Altra estimates its fiscal year 2013 revenue at between $740 million and $750 million with consensus at $737.48 million. The firm said, “Looking ahead, while we do not expect substantial end market growth in 2013, we plan to significantly enhance our bottom line performance due to a number of strategic actions. In addition to the cost savings and productivity improvement initiatives we completed in 2012, we expect that new products and programs that we have been developing should contribute to our performance in the coming year.” Shares closed down 0.36 percent on the day at $24.98 and have been traded in a 52-week range of $14.55 to $25.44.
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