A-Mark Precious Metals, Inc. (AMRK) to Release Earnings on Monday
A-Mark Precious Metals, Inc. (NASDAQ:AMRK) will post its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect A-Mark Precious Metals to post earnings of $0.31 per share for the quarter.
A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Tuesday, September 12th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.10). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.81 billion. A-Mark Precious Metals had a net margin of 0.10% and a return on equity of 9.95%. On average, analysts expect A-Mark Precious Metals to post $1.3 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of A-Mark Precious Metals, Inc. (AMRK) traded down 0.25% during mid-day trading on Monday, reaching $15.69. 958 shares of the company traded hands. A-Mark Precious Metals, Inc. has a 52 week low of $14.75 and a 52 week high of $21.66. The firm has a market capitalization of $110.32 million, a price-to-earnings ratio of 15.69 and a beta of 0.09. The firm has a 50-day moving average price of $16.66 and a 200 day moving average price of $16.43.
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Separately, B. Riley reaffirmed a “neutral” rating and set a $19.00 price objective on shares of A-Mark Precious Metals in a research note on Wednesday, September 13th.
In other news, CEO Gregory N. Roberts sold 3,300 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $16.54, for a total transaction of $54,582.00. Following the sale, the chief executive officer now owns 29,356 shares of the company’s stock, valued at approximately $485,548.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 10,900 shares of company stock worth $181,644 in the last ninety days. Corporate insiders own 38.80% of the company’s stock.
An institutional investor recently raised its position in A-Mark Precious Metals stock. Northern Trust Corp lifted its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,386 shares of the company’s stock after purchasing an additional 1,902 shares during the quarter. Northern Trust Corp owned 0.49% of A-Mark Precious Metals worth $564,000 as of its most recent SEC filing. Institutional investors and hedge funds own 19.85% of the company’s stock.
A-Mark Precious Metals Company Profile
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
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