AMETEK, Inc. (AME) Expected to Announce Earnings of $0.67 Per Share

Wall Street brokerages expect AMETEK, Inc. (NYSE:AME) to post $0.67 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have issued estimates for AMETEK’s earnings, with estimates ranging from $0.66 to $0.67. AMETEK reported earnings per share of $0.58 in the same quarter last year, which suggests a positive year-over-year growth rate of 15.5%. The company is scheduled to issue its next earnings report before the market opens on Thursday, February 1st.

According to Zacks, analysts expect that AMETEK will report full year earnings of $2.58 per share for the current financial year, with EPS estimates ranging from $2.57 to $2.59. For the next year, analysts anticipate that the firm will post earnings of $2.88 per share, with EPS estimates ranging from $2.80 to $3.01. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for AMETEK.

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

A number of research firms recently commented on AME. Wells Fargo & Co set a $88.00 target price on shares of AMETEK and gave the stock a “buy” rating in a research note on Thursday. KeyCorp reiterated a “buy” rating and issued a $82.00 target price on shares of AMETEK in a research note on Friday. Zacks Investment Research cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Stifel Nicolaus set a $70.00 target price on shares of AMETEK and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $70.00 target price on shares of AMETEK in a research note on Friday, October 6th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. AMETEK presently has a consensus rating of “Buy” and a consensus target price of $75.83.

In other AMETEK news, insider David A. Zapico sold 25,965 shares of the firm’s stock in a transaction that occurred 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 directly owns 200,548 shares of the company’s stock, valued at approximately $14,393,329.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizebeth R. Varet sold 3,050 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $71.83, for a total transaction of $219,081.50. Following the transaction, the director now directly owns 117,930 shares of the company’s stock, valued at $8,470,911.90. The disclosure for this sale can be found here. Insiders sold a total of 30,815 shares of company stock valued at $2,209,220 over the last quarter. 2.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in AMETEK by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock worth $1,367,497,000 after buying an additional 687,292 shares during the last quarter. Janus Henderson Group PLC raised its position in AMETEK by 22,076.4% during the 2nd quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock worth $387,870,000 after buying an additional 6,374,794 shares during the last quarter. Capital Research Global Investors raised its position in AMETEK by 2.0% during the 2nd quarter. Capital Research Global Investors now owns 6,277,378 shares of the technology company’s stock worth $380,221,000 after buying an additional 121,862 shares during the last quarter. Boston Partners raised its position in AMETEK by 21.7% during the 3rd quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock worth $345,618,000 after buying an additional 932,008 shares during the last quarter. Finally, American Century Companies Inc. raised its position in AMETEK by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 2,853,645 shares of the technology company’s stock worth $188,455,000 after buying an additional 41,865 shares during the last quarter. 84.77% of the stock is owned by institutional investors.

AMETEK (AME) traded up $0.91 during mid-day trading on Friday, reaching $76.98. 1,558,996 shares of the company were exchanged, compared to its average volume of 824,551. The firm has a market cap of $17,581.09, a PE ratio of 32.34, a PEG ratio of 2.23 and a beta of 1.36. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51. AMETEK has a one year low of $50.06 and a one year high of $77.32.

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About AMETEK

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 AMETEK (NYSE:AME)

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