Headlines about AMTEK (NYSE:AME) have been trending positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AMTEK earned a news impact score of 0.31 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.6732096057511 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Head to Head Comparison: Kinder Morgan Management (KMR) vs. AMTEK (AME) (americanbankingnews.com)
- AMETEK Announces Fourth Quarter 2017 Earnings Release And Webcasted Investor Conference Call Information (finance.yahoo.com)
- SAP’s Upgrade2Success to Aid Transition from HR to the Cloud (zacks.com)
- Ericsson Selected by the City of Dallas for Traffic Solution (zacks.com)
- AMTEK, Inc. (AME) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
Several equities analysts have recently issued reports on AME shares. Jefferies Group boosted their price target on shares of AMTEK from $66.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $70.00 price objective on shares of AMTEK in a report on Friday, October 13th. Robert W. Baird reaffirmed a “buy” rating and issued a $70.00 price objective on shares of AMTEK in a report on Friday, October 6th. Stifel Nicolaus set a $70.00 price target on shares of AMTEK and gave the company a “buy” rating in a report on Friday, October 6th. Finally, Zacks Investment Research raised shares of AMTEK from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $74.00.
AMTEK (NYSE AME) opened at $75.20 on Friday. AMTEK has a twelve month low of $49.54 and a twelve month high of $75.42. The firm has a market capitalization of $17,380.00, a PE ratio of 31.60, a PEG ratio of 2.21 and a beta of 1.36. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51.
AMTEK (NYSE:AME) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. sell-side analysts forecast that AMTEK will post 2.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.48%. AMTEK’s payout ratio is currently 15.13%.
In related news, insider David A. Zapico sold 25,965 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $71.77, for a total value of $1,863,508.05. Following the completion of the transaction, the insider now directly owns 200,548 shares in the company, valued at $14,393,329.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas M. Montgomery sold 1,800 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.35, for a total value of $126,630.00. Following the completion of the transaction, the vice president now owns 19,947 shares of the company’s stock, valued at $1,403,271.45. The disclosure for this sale can be found here. Insiders have sold 30,815 shares of company stock valued at $2,209,220 in the last ninety days. Company insiders own 2.10% of the company’s stock.
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AMTEK Company Profile
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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