A-Mark Precious Metals (NASDAQ:AMRK) Announces Quarterly Earnings Results, Misses Estimates By $0.10 EPS

A-Mark Precious Metals (NASDAQ:AMRK) issued its quarterly earnings results on Thursday. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10), Zacks reports. A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%.

A-Mark Precious Metals Price Performance

Shares of AMRK opened at $28.58 on Friday. The business’s fifty day moving average is $27.69 and its 200 day moving average is $34.54. A-Mark Precious Metals has a 12-month low of $24.22 and a 12-month high of $47.39. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The stock has a market cap of $662.48 million, a P/E ratio of 12.16 and a beta of -0.02.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were issued a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 2.80%. A-Mark Precious Metals’s payout ratio is currently 34.04%.

Analysts Set New Price Targets

Several brokerages recently commented on AMRK. Northland Securities cut their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research report on Friday. DA Davidson dropped their price target on A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday. Finally, StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.75.

A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.