Brokerages expect AMETEK, Inc. (NYSE:AME) to post $0.72 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for AMETEK’s earnings. The lowest EPS estimate is $0.70 and the highest is $0.73. AMETEK reported earnings of $0.60 per share in the same quarter last year, which would suggest a positive year over year growth rate of 20%. The business is scheduled to announce its next earnings results on Tuesday, May 1st.
On average, analysts expect that AMETEK will report full-year earnings of $3.04 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.12. For the next fiscal year, analysts expect that the company will report earnings of $3.33 per share, with EPS estimates ranging from $3.25 to $3.42. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for AMETEK.
AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis.
Shares of AMETEK (AME) traded down $0.44 during trading on Monday, reaching $78.35. The company had a trading volume of 923,123 shares, compared to its average volume of 1,242,598. AMETEK has a 52 week low of $52.42 and a 52 week high of $79.10. The company has a market capitalization of $18,140.00, a price-to-earnings ratio of 30.85, a PEG ratio of 2.25 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.70.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. This is an increase from AMETEK’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 15th. AMETEK’s dividend payout ratio is presently 14.17%.
In other news, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $75.85, for a total value of $227,550.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Elizebeth R. Varet sold 6,295 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $74.72, for a total value of $470,362.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,604 shares of company stock worth $5,742,548. Company insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of AME. American Century Companies Inc. raised its holdings in shares of AMETEK by 42.5% in the fourth quarter. American Century Companies Inc. now owns 4,067,798 shares of the technology company’s stock worth $294,793,000 after buying an additional 1,214,153 shares during the period. BlackRock Inc. increased its holdings in AMETEK by 6.2% during the 4th quarter. BlackRock Inc. now owns 15,074,188 shares of the technology company’s stock worth $1,092,426,000 after purchasing an additional 886,625 shares during the period. Allianz Asset Management GmbH increased its holdings in AMETEK by 28.2% during the 4th quarter. Allianz Asset Management GmbH now owns 3,095,683 shares of the technology company’s stock worth $224,343,000 after purchasing an additional 681,646 shares during the period. Millennium Management LLC increased its holdings in AMETEK by 154.3% during the 4th quarter. Millennium Management LLC now owns 782,344 shares of the technology company’s stock worth $56,696,000 after purchasing an additional 474,712 shares during the period. Finally, Strs Ohio increased its holdings in AMETEK by 447.0% during the 4th quarter. Strs Ohio now owns 392,395 shares of the technology company’s stock worth $28,436,000 after purchasing an additional 320,660 shares during the period. Hedge funds and other institutional investors own 86.10% of the company’s stock.
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AMETEK 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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