Ametek (AME) Releases Quarterly Earnings, Beats Expectations By $0.01 EPS
Ametek (NYSE:AME) issued its quarterly earnings data on Wednesday. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.01, Analyst Ratings Network reports. The company had revenue of $942.50 million for the quarter, compared to the consensus estimate of $909.30 million.
Ametek (NYSE:AME) opened at 49.90 on Wednesday. Ametek has a 1-year low of $39.46 and a 1-year high of $53.16. The stock’s 50-day moving average is $51.39 and its 200-day moving average is $47.48. The company has a market cap of $12.213 billion and a price-to-earnings ratio of 24.21.
AME has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Ametek to $58.00 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Ametek in a research note to investors on Tuesday, November 5th. They now have a $55.00 price target on the stock, up previously from $50.00. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $52.17.
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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