Ametek (AME) Scheduled to Post Quarterly Earnings on Tuesday
Ametek (NYSE:AME) will announce its earnings results on Tuesday, October 29th. Ametek has set its Q3 guidance at $0.51-0.52 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Ametek (NYSE:AME) last announced its earnings results on Wednesday, August 7th. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.52. The company had revenue of $878.80 million for the quarter, compared to the consensus estimate of $892.00 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts expect Ametek to post $2.09 EPS for the current fiscal year and $2.31 EPS for the next fiscal year.
Ametek (NYSE:AME) opened at 47.09 on Monday. Ametek has a 1-year low of $32.67 and a 1-year high of $48.01. The stock’s 50-day moving average is $44.84 and its 200-day moving average is $43.03. The company has a market cap of $11.501 billion and a price-to-earnings ratio of 23.46.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, December 4th.
AME has been the subject of a number of recent research reports. Analysts at Atlantic Securities initiated coverage on shares of Ametek in a research note to investors on Thursday, October 17th. They set an “overweight” rating on the stock. On the ratings front, analysts at Jefferies Group raised their price target on shares of Ametek from $52.00 to $53.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Ametek from $46.00 to $52.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Ametek presently has a consensus rating of “Buy” and a consensus price target of $49.17.
AMETEK, Inc (NYSE:AME) is a global manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America.
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