Applied Materials, Inc. (NASDAQ:AMAT) is scheduled to release its earnings data after the market closes on Thursday, November 16th. Analysts expect Applied Materials to post earnings of $0.91 per share for the quarter. Applied Materials has set its Q4 guidance at $0.86-0.94 EPS.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. On average, analysts expect Applied Materials to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Applied Materials, Inc. (NASDAQ AMAT) opened at $56.42 on Wednesday. The company has a market cap of $59,920.00, a price-to-earnings ratio of 18.91, a PEG ratio of 0.90 and a beta of 1.85. The company has a current ratio of 2.91, a quick ratio of 2.25 and a debt-to-equity ratio of 0.61. Applied Materials, Inc. has a 1 year low of $29.10 and a 1 year high of $57.34.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. Applied Materials’s dividend payout ratio (DPR) is currently 14.18%.
A number of research firms have recently commented on AMAT. Zacks Investment Research lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Vetr upgraded shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 target price for the company in a research report on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $61.00 target price (up from $55.00) on shares of Applied Materials in a research report on Friday, August 18th. Credit Suisse Group AG upped their target price on shares of Applied Materials from $5.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. They noted that the move was a valuation call. Finally, B. Riley reiterated a “buy” rating and issued a $61.00 target price on shares of Applied Materials in a research report on Saturday, August 19th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $56.64.
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In related news, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexander Karsner sold 22,762 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.
About Applied Materials
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