Wall Street analysts forecast that AMETEK, Inc. (NYSE:AME) will announce earnings of $0.72 per share for the current quarter, according to Zacks. Six analysts have issued estimates for AMETEK’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.70. AMETEK reported earnings of $0.60 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The firm is scheduled to report its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that AMETEK will report full year earnings of $3.04 per share for the current year, with EPS estimates ranging from $3.00 to $3.12. For the next financial year, analysts expect that the business will post earnings of $3.33 per share, with EPS estimates ranging from $3.25 to $3.42. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow AMETEK.
AMETEK (NYSE:AME) last issued its earnings results on Thursday, February 1st. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. AMETEK’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share.
A number of research analysts recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $92.00 target price on shares of AMETEK in a research note on Thursday, February 1st. KeyCorp upped their target price on AMETEK from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. BMO Capital Markets upped their target price on AMETEK from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded AMETEK from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Monday, February 5th. Finally, Wells Fargo & Co set a $88.00 price objective on AMETEK and gave the stock a “buy” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. AMETEK has a consensus rating of “Buy” and a consensus target price of $81.64.
Shares of AMETEK (AME) traded up $0.29 during midday trading on Friday, hitting $76.76. The company had a trading volume of 1,005,961 shares, compared to its average volume of 1,294,975. The company has a quick ratio of 1.22, a current ratio of 1.70 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $17,645.80, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 2.18 and a beta of 1.32. AMETEK has a twelve month low of $52.42 and a twelve month high of $78.51.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.14 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.09. This represents a $0.56 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, March 15th. AMETEK’s dividend payout ratio is currently 12.24%.
In other AMETEK news, VP William D. Eginton sold 16,368 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $77.00, for a total transaction of $1,260,336.00. Following the completion of the transaction, the vice president now directly owns 59,054 shares in the company, valued at $4,547,158. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizebeth R. Varet sold 3,050 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $71.83, for a total value of $219,081.50. Following the sale, the director now owns 117,930 shares in the company, valued at approximately $8,470,911.90. The disclosure for this sale can be found here. Insiders have sold 72,654 shares of company stock valued at $5,395,335 over the last quarter. Corporate insiders own 2.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of AMETEK by 6.2% during the fourth quarter. BlackRock Inc. now owns 15,074,188 shares of the technology company’s stock worth $1,092,426,000 after purchasing an additional 886,625 shares during the last quarter. Boston Partners grew its holdings in shares of AMETEK by 21.7% during the third quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock worth $345,618,000 after purchasing an additional 932,008 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of AMETEK by 42.5% during the fourth quarter. American Century Companies Inc. now owns 4,067,798 shares of the technology company’s stock worth $294,793,000 after purchasing an additional 1,214,153 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of AMETEK by 28.2% during the fourth quarter. Allianz Asset Management GmbH now owns 3,095,683 shares of the technology company’s stock worth $224,343,000 after purchasing an additional 681,646 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of AMETEK by 9.4% during the third quarter. Westfield Capital Management Co. LP now owns 2,843,212 shares of the technology company’s stock worth $187,766,000 after purchasing an additional 244,892 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.
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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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