Ametek Reaches New 12-Month High at $54.50 (AME)
Shares of Ametek (NYSE:AME) hit a new 52-week high during trading on Monday , AnalystRatings.Net reports. The stock traded as high as $54.50 and last traded at $54.25, with a volume of 332,057 shares traded. The stock had previously closed at $53.80.
The stock has a 50-day moving average of $52.61 and a 200-day moving average of $51.56. The company has a market cap of $13.295 billion and a P/E ratio of 24.91.
Ametek (NYSE:AME) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $975.30 million for the quarter, compared to the consensus estimate of $966.20 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts expect that Ametek will post $2.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, June 12th. This is a positive change from Ametek’s previous quarterly dividend of $0.06.
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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