$1.50 Earnings Per Share Expected for Applied Materials, Inc. (NASDAQ:AMAT) This Quarter


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Brokerages forecast that Applied Materials, Inc. (NASDAQ:AMAT) will post $1.50 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Applied Materials’ earnings, with estimates ranging from $1.50 to $1.51. Applied Materials reported earnings per share of $0.89 during the same quarter last year, which indicates a positive year-over-year growth rate of 68.5%. The company is scheduled to report its next quarterly earnings results on Thursday, May 13th.

On average, analysts expect that Applied Materials will report full year earnings of $5.88 per share for the current year, with EPS estimates ranging from $5.00 to $6.20. For the next fiscal year, analysts forecast that the company will post earnings of $6.41 per share, with EPS estimates ranging from $5.65 to $7.18. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Applied Materials.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Wednesday, February 17th. The manufacturing equipment provider reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.11. Applied Materials had a net margin of 21.04% and a return on equity of 40.65%. During the same period in the previous year, the company earned $0.98 EPS.

AMAT has been the topic of a number of recent analyst reports. Credit Suisse Group boosted their price target on shares of Applied Materials from $120.00 to $145.00 and gave the company an “outperform” rating in a report on Friday. Cowen increased their price target on shares of Applied Materials from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday. Evercore ISI increased their price target on shares of Applied Materials from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday. Needham & Company LLC lifted their price target on Applied Materials from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company increased their price target on shares of Applied Materials to $135.00 and gave the company an “overweight” rating in a report on Friday, February 12th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $121.92.

AMAT stock traded down $0.38 during trading hours on Tuesday, hitting $114.85. 392,991 shares of the stock traded hands, compared to its average volume of 8,253,188. The stock has a 50-day simple moving average of $104.43 and a 200 day simple moving average of $78.20. Applied Materials has a one year low of $36.64 and a one year high of $124.50. The company has a market cap of $105.39 billion, a P/E ratio of 29.40, a P/E/G ratio of 2.06 and a beta of 1.48. The company has a current ratio of 3.00, a quick ratio of 2.12 and a debt-to-equity ratio of 0.52.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 18th. Investors of record on Thursday, February 25th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Wednesday, February 24th. Applied Materials’s payout ratio is currently 21.10%.

In other news, SVP Omkaram Nalamasu sold 800 shares of the firm’s stock in a transaction dated Monday, December 21st. The stock was sold at an average price of $86.50, for a total transaction of $69,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. UBP Investment Advisors SA raised its stake in Applied Materials by 2.7% during the 4th quarter. UBP Investment Advisors SA now owns 5,215 shares of the manufacturing equipment provider’s stock valued at $450,000 after purchasing an additional 136 shares during the last quarter. Retirement Group LLC acquired a new stake in Applied Materials in the 4th quarter valued at about $68,000. Edmonds Duncan Registered Investment Advisors LLC bought a new position in Applied Materials in the 4th quarter worth approximately $340,000. Intercontinental Wealth Advisors LLC raised its position in shares of Applied Materials by 5,033.9% during the 4th quarter. Intercontinental Wealth Advisors LLC now owns 25,875 shares of the manufacturing equipment provider’s stock valued at $2,233,000 after acquiring an additional 25,371 shares during the last quarter. Finally, Albion Financial Group UT grew its holdings in shares of Applied Materials by 64.9% in the 4th quarter. Albion Financial Group UT now owns 6,445 shares of the manufacturing equipment provider’s stock valued at $556,000 after buying an additional 2,536 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

About Applied Materials

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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Earnings History and Estimates for Applied Materials (NASDAQ:AMAT)

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