Equities analysts expect that AMETEK, Inc. (NYSE:AME) will post earnings per share of $0.72 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for AMETEK’s earnings, with estimates ranging from $0.70 to $0.73. 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 business is expected to announce its next quarterly earnings results before the market opens on Wednesday, May 2nd.
On average, analysts expect that AMETEK will report full year earnings of $3.05 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.12. For the next year, analysts anticipate that the business will post earnings of $3.34 per share, with EPS estimates ranging from $3.25 to $3.42. Zacks’ EPS calculations are an average based on a survey of research firms that cover AMETEK.
AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, February 1st. The technology company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis.
A number of research firms have commented on AME. Zacks Investment Research raised AMETEK from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Wednesday, April 11th. DA Davidson began coverage on AMETEK in a report on Thursday, April 12th. They issued a “buy” rating and a $85.00 target price for the company. BMO Capital Markets reissued a “buy” rating and issued a $88.00 target price on shares of AMETEK in a report on Friday, January 26th. Wells Fargo set a $88.00 target price on AMETEK and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, KeyCorp raised their target price on AMETEK from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. AMETEK presently has an average rating of “Buy” and a consensus target price of $81.58.
AMETEK stock opened at $76.38 on Friday. AMETEK has a one year low of $53.65 and a one year high of $79.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.70 and a quick ratio of 1.22. The firm has a market capitalization of $17,488.89, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 16th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from AMETEK’s previous quarterly dividend of $0.09. AMETEK’s dividend payout ratio (DPR) is currently 21.46%.
In other news, insider John Wesley Hardin sold 25,965 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $78.50, for a total value of $2,038,252.50. Following the completion of the transaction, the insider now owns 85,663 shares in the company, valued at $6,724,545.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP William D. Eginton sold 16,368 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $77.00, for a total value of $1,260,336.00. Following the completion of the transaction, the vice president now owns 59,054 shares of the company’s stock, valued at approximately $4,547,158. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,604 shares of company stock valued at $5,976,638. Company insiders own 2.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Acropolis Investment Management LLC purchased a new position in shares of AMETEK in the fourth quarter valued at $108,000. 180 Wealth Advisors LLC purchased a new stake in AMETEK during the 4th quarter worth about $200,000. First Allied Advisory Services Inc. purchased a new stake in AMETEK during the 4th quarter worth about $207,000. Catawba Capital Management VA purchased a new stake in AMETEK during the 4th quarter worth about $208,000. Finally, D.A. Davidson & CO. purchased a new stake in AMETEK during the 4th quarter worth about $210,000. Institutional investors and hedge funds own 85.81% of the company’s stock.
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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