AMETEK, Inc. (AME) Updates FY14 Earnings Guidance
AMETEK, Inc. (NYSE:AME) updated its FY14 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.37-2.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.36, Analyst Ratings Network.com reports. AMETEK also updated its Q3 guidance to $0.59-0.61 EPS.
Shares of AMETEK, Inc. (NYSE:AME) opened at 50.21 on Tuesday. AMETEK, Inc. has a 52-week low of $42.23 and a 52-week high of $54.50. The stock has a 50-day moving average of $52.18 and a 200-day moving average of $52.07. The company has a market cap of $12.317 billion and a price-to-earnings ratio of 22.74.
AMETEK (NYSE:AME) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.02. The company had revenue of $990.70 million for the quarter, compared to the consensus estimate of $974.00 million. During the same quarter last year, the company posted $0.52 earnings per share. AMETEK’s revenue was up 12.7% compared to the same quarter last year. Analysts expect that AMETEK, Inc. will post $2.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, September 12th.
A number of research firms have recently commented on AME. Analysts at KeyCorp raised their price target on shares of AMETEK from $57.00 to $58.00 in a research note on Tuesday, July 15th. Analysts at Morgan Stanley raised their price target on shares of AMETEK from $52.00 to $53.00 in a research note on Thursday, July 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $53.71.
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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