AMTEK, Inc. (AME) Scheduled to Post Earnings on Monday
AMTEK, Inc. (NYSE:AME) will post its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect AMTEK to post earnings of $0.62 per share for the quarter. AMTEK has set its Q3 guidance at $0.60-0.62 EPS and its FY17 guidance at $2.46-2.52 EPS.
AMTEK (NYSE:AME) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. AMTEK had a return on equity of 16.28% and a net margin of 13.26%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts expect AMTEK to post $2.52 EPS for the current fiscal year and $2.81 EPS for the next fiscal year.
AMTEK, Inc. (NYSE AME) opened at 68.58 on Monday. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 30.09 and a beta of 1.31. AMTEK, Inc. has a 12 month low of $43.98 and a 12 month high of $68.83. The firm’s 50-day moving average price is $66.04 and its 200-day moving average price is $61.80.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.52%. AMTEK’s dividend payout ratio is 15.79%.
AME has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and set a $67.00 price target on shares of AMTEK in a report on Tuesday, June 27th. Cowen and Company reaffirmed an “outperform” rating and set a $66.00 price target (up from $62.00) on shares of AMTEK in a report on Friday, July 7th. Zacks Investment Research cut AMTEK from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub cut AMTEK from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $66.00 target price on shares of AMTEK in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. AMTEK currently has an average rating of “Buy” and a consensus target price of $67.82.
In other news, VP Thomas M. Montgomery sold 1,500 shares of AMTEK stock in a transaction on Monday, August 7th. The stock was sold at an average price of $64.49, for a total value of $96,735.00. Following the completion of the sale, the vice president now directly owns 21,747 shares of the company’s stock, valued at approximately $1,402,464.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizebeth R. Varet sold 3,000 shares of AMTEK stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $66.30, for a total value of $198,900.00. The disclosure for this sale can be found here. Insiders sold a total of 173,255 shares of company stock valued at $11,483,064 over the last three months. Insiders own 2.10% of the company’s stock.
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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