Wall Street brokerages predict that Applied Materials, Inc. (NASDAQ:AMAT) will report earnings per share (EPS) of $1.16 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Applied Materials’ earnings, with the lowest EPS estimate coming in at $0.96 and the highest estimate coming in at $0.97. Applied Materials posted earnings of $0.93 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.7%. The company is scheduled to report its next earnings report after the market closes on Thursday, November 15th.
On average, analysts expect that Applied Materials will report full year earnings of $4.45 per share for the current fiscal year, with EPS estimates ranging from $4.44 to $4.46. For the next financial year, analysts anticipate that the business will post earnings of $4.21 per share, with EPS estimates ranging from $3.34 to $4.50. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Applied Materials.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 16th. The manufacturing equipment provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.42 billion. Applied Materials had a net margin of 19.87% and a return on equity of 58.23%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS.
A number of research analysts have recently commented on the stock. B. Riley reduced their price target on shares of Applied Materials from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Morgan Stanley lowered shares of Applied Materials from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $58.00 to $54.00 in a research report on Thursday, August 9th. Wells Fargo & Co reduced their price target on shares of Applied Materials from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, August 17th. Citigroup reduced their price target on shares of Applied Materials from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Finally, Susquehanna Bancshares restated a “neutral” rating and set a $38.00 price target (down from $60.00) on shares of Applied Materials in a research report on Tuesday, October 23rd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Applied Materials presently has a consensus rating of “Hold” and a consensus price target of $59.50.
AMAT opened at $32.42 on Wednesday. The firm has a market cap of $31.81 billion, a PE ratio of 9.98, a PEG ratio of 0.81 and a beta of 1.49. The company has a quick ratio of 1.67, a current ratio of 2.52 and a debt-to-equity ratio of 0.78. Applied Materials has a one year low of $30.53 and a one year high of $62.40.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 23rd will be given a $0.20 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $0.80 annualized dividend and a yield of 2.47%. Applied Materials’s dividend payout ratio (DPR) is presently 24.62%.
A number of large investors have recently made changes to their positions in AMAT. Kaizen Advisory LLC lifted its stake in Applied Materials by 147.4% in the second quarter. Kaizen Advisory LLC now owns 2,561 shares of the manufacturing equipment provider’s stock worth $118,000 after purchasing an additional 1,526 shares during the last quarter. Rational Advisors LLC lifted its stake in Applied Materials by 5,102.0% in the second quarter. Rational Advisors LLC now owns 2,601 shares of the manufacturing equipment provider’s stock worth $120,000 after purchasing an additional 2,551 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Applied Materials by 127.1% in the second quarter. AdvisorNet Financial Inc now owns 3,054 shares of the manufacturing equipment provider’s stock worth $141,000 after purchasing an additional 1,709 shares during the last quarter. Amussen Hunsaker Associates LLC bought a new stake in Applied Materials in the second quarter worth $162,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Applied Materials in the second quarter worth $177,000. Institutional investors own 77.35% of the company’s stock.
Applied Materials Company Profile
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
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