AMETEK (AME) Issues Q4 2018 Earnings Guidance

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AMETEK (NYSE:AME) updated its fourth quarter 2018 earnings guidance on Thursday. The company provided EPS guidance of $0.82-0.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.82. AMETEK also updated its FY 2018 guidance to $3.25-3.27 EPS.

A number of research analysts recently commented on the company. Cowen reissued a buy rating and issued a $85.00 price target on shares of AMETEK in a report on Sunday, August 12th. ValuEngine raised AMETEK from a hold rating to a buy rating in a report on Thursday, August 2nd. BMO Capital Markets increased their price target on AMETEK from $92.00 to $93.00 and gave the company an outperform rating in a report on Wednesday, August 1st. Oppenheimer increased their price target on AMETEK from $85.00 to $90.00 and gave the company an outperform rating in a report on Wednesday, August 1st. Finally, Bank of America increased their price target on AMETEK from $87.00 to $91.00 and gave the company a buy rating in a report on Wednesday, August 1st. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. AMETEK presently has an average rating of Buy and a consensus target price of $86.83.

AME opened at $67.08 on Thursday. AMETEK has a 12 month low of $64.91 and a 12 month high of $81.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.19 and a current ratio of 1.71. The company has a market capitalization of $15.39 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 1.89 and a beta of 1.18.

AMETEK (NYSE:AME) last posted its earnings results on Tuesday, July 31st. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. AMETEK had a return on equity of 16.94% and a net margin of 16.65%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the firm earned $0.65 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. As a group, research analysts expect that AMETEK will post 3.21 earnings per share for the current fiscal year.

In other AMETEK news, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $76.95, for a total transaction of $230,850.00. Following the completion of the transaction, the director now directly owns 113,810 shares of the company’s stock, valued at approximately $8,757,679.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Wesley Hardin sold 29,955 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $81.55, for a total value of $2,442,830.25. Following the transaction, the insider now directly owns 70,016 shares of the company’s stock, valued at $5,709,804.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,925 shares of company stock worth $4,811,210. 2.10% of the stock is owned by insiders.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.

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Earnings History and Estimates for AMETEK (NYSE:AME)

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