$4.10 Billion in Sales Expected for Applied Materials, Inc. (AMAT) This Quarter

Equities research analysts expect Applied Materials, Inc. (NASDAQ:AMAT) to report $4.10 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Applied Materials’ earnings. The highest sales estimate is $4.11 billion and the lowest is $4.10 billion. Applied Materials posted sales of $3.28 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The company is expected to report its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that Applied Materials will report full-year sales of $4.10 billion for the current year, with estimates ranging from $16.42 billion to $17.40 billion. For the next financial year, analysts anticipate that the company will post sales of $17.91 billion per share, with estimates ranging from $15.98 billion to $19.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Applied Materials.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share.

A number of research analysts recently commented on AMAT shares. Credit Suisse Group reaffirmed a “buy” rating on shares of Applied Materials in a research report on Tuesday, August 29th. Goldman Sachs Group raised shares of Applied Materials from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $52.00 in a research report on Wednesday, September 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Applied Materials in a research report on Thursday, September 14th. Bank of America boosted their price objective on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, B. Riley reaffirmed a “buy” rating and set a $63.00 price objective on shares of Applied Materials in a research report on Monday, November 13th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $60.99.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen R. Forrest sold 5,000 shares of Applied Materials stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Applied Materials by 2.3% in the second quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock worth $3,101,736,000 after buying an additional 1,721,964 shares during the last quarter. State Street Corp lifted its stake in shares of Applied Materials by 2.1% in the second quarter. State Street Corp now owns 48,897,158 shares of the manufacturing equipment provider’s stock worth $2,019,939,000 after buying an additional 985,296 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Applied Materials by 14.8% in the second quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock worth $732,213,000 after buying an additional 2,284,836 shares during the last quarter. Egerton Capital UK LLP lifted its stake in shares of Applied Materials by 23.2% in the third quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock worth $881,359,000 after buying an additional 3,184,994 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Applied Materials by 7.6% in the second quarter. TIAA CREF Investment Management LLC now owns 13,751,324 shares of the manufacturing equipment provider’s stock worth $568,067,000 after buying an additional 973,818 shares during the last quarter. Hedge funds and other institutional investors own 78.60% of the company’s stock.

Applied Materials (AMAT) opened at $51.91 on Monday. Applied Materials has a 1 year low of $30.06 and a 1 year high of $60.89. The company has a market cap of $55,361.34, a P/E ratio of 15.97, a P/E/G ratio of 0.99 and a beta of 1.81. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 12.62%.

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