A-Mark Precious Metals (AMRK) Scheduled to Post Quarterly Earnings on Tuesday

A-Mark Precious Metals (NASDAQ:AMRK) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect A-Mark Precious Metals to post earnings of $1.05 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.25 billion.

A-Mark Precious Metals Trading Up 2.3 %

AMRK stock opened at $41.05 on Tuesday. A-Mark Precious Metals has a fifty-two week low of $23.14 and a fifty-two week high of $42.48. The stock has a market capitalization of $937.99 million, a price-to-earnings ratio of 9.10 and a beta of 0.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.32. The business has a fifty day moving average price of $31.47 and a 200 day moving average price of $29.33.

A-Mark Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 17.74%.

Analyst Ratings Changes

Several brokerages recently commented on AMRK. B. Riley dropped their price objective on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. DA Davidson increased their target price on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Friday.

Insider Buying and Selling

In related news, Director Michael R. Wittmeyer sold 22,383 shares of A-Mark Precious Metals stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total transaction of $583,300.98. Following the completion of the sale, the director now directly owns 453,283 shares of the company’s stock, valued at approximately $11,812,554.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Michael R. Wittmeyer sold 22,558 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the transaction, the director now directly owns 408,225 shares of the company’s stock, valued at $10,732,235.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael R. Wittmeyer sold 22,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total value of $583,300.98. Following the completion of the sale, the director now owns 453,283 shares of the company’s stock, valued at $11,812,554.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,637 shares of company stock valued at $1,396,360. Company insiders own 23.20% of the company’s stock.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.