Analysts Expect AMTEK, Inc. (AME) to Post $0.67 Earnings Per Share

Analysts expect that AMTEK, Inc. (NYSE:AME) will report $0.67 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for AMTEK’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.67. AMTEK reported earnings of $0.58 per share during the same quarter last year, which would indicate a positive year over year growth rate of 15.5%. The business is expected to announce its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that AMTEK will report full-year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.57 to $2.59. For the next financial year, analysts forecast that the company will post earnings of $2.86 per share, with EPS estimates ranging from $2.80 to $3.01. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for AMTEK.

AMTEK (NYSE:AME) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business posted $0.56 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year.

Several analysts have commented on AME shares. Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Thursday, September 14th. Jefferies Group lifted their price objective on shares of AMTEK from $66.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Royal Bank of Canada restated a “buy” rating and set a $70.00 price objective on shares of AMTEK in a research note on Friday, October 13th. Robert W. Baird restated a “buy” rating and set a $70.00 price objective on shares of AMTEK in a research note on Friday, October 6th. Finally, Stifel Nicolaus set a $70.00 price objective on shares of AMTEK and gave the company a “buy” rating in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. AMTEK currently has a consensus rating of “Buy” and a consensus price target of $73.40.

Shares of AMTEK (NYSE:AME) opened at $73.39 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.59. AMTEK has a 12 month low of $48.66 and a 12 month high of $73.39. The company has a market cap of $16,960.00, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 2.13 and a beta of 1.36.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Tuesday, December 5th. AMTEK’s dividend payout ratio is currently 15.13%.

In related news, Director Elizebeth R. Varet sold 3,050 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $71.83, for a total value of $219,081.50. Following the completion of the transaction, the director now directly owns 117,930 shares in the company, valued at approximately $8,470,911.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David A. Zapico sold 25,965 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $71.77, for a total transaction of $1,863,508.05. Following the completion of the transaction, the insider now owns 200,548 shares of the company’s stock, valued at $14,393,329.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,815 shares of company stock valued at $2,209,220. Company insiders own 2.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. acquired a new position in AMTEK during the third quarter worth $2,710,000. Janus Henderson Group PLC raised its position in AMTEK by 22,076.4% during the second quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock worth $387,870,000 after acquiring an additional 6,374,794 shares during the period. Schroder Investment Management Group raised its position in AMTEK by 289.1% during the third quarter. Schroder Investment Management Group now owns 81,971 shares of the technology company’s stock worth $5,373,000 after acquiring an additional 60,906 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in AMTEK by 1.4% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 109,475 shares of the technology company’s stock worth $7,230,000 after acquiring an additional 1,500 shares during the period. Finally, IFM Investors Pty Ltd acquired a new position in AMTEK during the third quarter worth $509,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

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AMTEK Company Profile

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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Earnings History and Estimates for AMTEK (NYSE:AME)

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