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.
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%.
TRADEMARK VIOLATION WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/12/04/4-10-billion-in-sales-expected-for-applied-materials-inc-amat-this-quarter.html.
Applied Materials Company Profile
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.