Equities analysts expect Applied Materials, Inc. (NASDAQ:AMAT) to report $4.10 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Applied Materials’ earnings. The lowest sales estimate is $4.10 billion and the highest is $4.11 billion. Applied Materials posted sales of $3.28 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The company is expected to issue its next quarterly earnings report on Wednesday, February 21st.
On average, analysts expect that Applied Materials will report full-year sales of $4.10 billion for the current year, with estimates ranging from $16.42 billion to $17.40 billion. For the next fiscal year, analysts anticipate that the company will report sales of $17.96 billion per share, with estimates ranging from $15.98 billion to $19.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Applied Materials.
Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.02. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the business posted $0.66 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis.
AMAT has been the subject of a number of recent analyst reports. Wells Fargo & Company initiated coverage on Applied Materials in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $65.00 price target for the company. Credit Suisse Group reiterated a “buy” rating on shares of Applied Materials in a research report on Tuesday, August 29th. Goldman Sachs Group upgraded Applied Materials from a “neutral” rating to a “buy” rating and increased their price target for the company from $49.00 to $52.00 in a research report on Wednesday, September 13th. Morgan Stanley reiterated an “overweight” rating on shares of Applied Materials in a research report on Thursday, September 14th. Finally, Bank of America increased their price target on Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $60.95.
Applied Materials (NASDAQ:AMAT) opened at $51.89 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43. Applied Materials has a 1 year low of $31.66 and a 1 year high of $60.89. The firm has a market capitalization of $55,340.00, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.04 and a beta of 1.80.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, February 20th. Applied Materials’s dividend payout ratio (DPR) is presently 12.62%.
In related news, Director Stephen R. Forrest sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. LeJeune Puetz Investment Counsel LLC bought a new position in Applied Materials in the 3rd quarter worth approximately $105,000. MPS Loria Financial Planners LLC bought a new position in Applied Materials in the 2nd quarter worth approximately $109,000. Wunderlich Capital Managemnt increased its position in Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after buying an additional 87 shares during the period. Bessemer Group Inc. increased its position in Applied Materials by 145.4% in the 2nd quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after buying an additional 1,817 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Applied Materials in the 2nd quarter worth approximately $134,000. 79.02% of the stock is currently owned by institutional investors and hedge funds.
About Applied Materials
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