Share on StockTwits

Applied Materials (NASDAQ:AMAT) is scheduled to post its Q314 quarterly earnings results on Thursday, August 14th. Analysts expect Applied Materials to post earnings of $0.27 per share and revenue of $2.29 billion for the quarter.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. On average, analysts expect Applied Materials to post $1.06 EPS for the current fiscal year and $1.35 EPS for the next fiscal year.

Applied Materials (NASDAQ:AMAT) opened at 20.91 on Wednesday. Applied Materials has a 52-week low of $14.85 and a 52-week high of $23.46. The stock has a 50-day moving average of $22.08 and a 200-day moving average of $20.18. The company has a market cap of $25.456 billion and a price-to-earnings ratio of 29.96.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Applied Materials in a research note on Wednesday, July 30th. They now have a $22.00 price target on the stock. On a related note, analysts at Argus raised their price target on shares of Applied Materials from $25.00 to $28.00 in a research note on Tuesday, July 15th. They now have a “buy” rating on the stock. Finally, analysts at B. Riley upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 15th. They now have a $25.00 price target on the stock, up previously from $23.06. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.35.

Applied Materials, Inc (NASDAQ:AMAT) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.