Applied Materials (NASDAQ:AMAT) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 16th. Analysts expect Applied Materials to post earnings of $0.66 per share for the quarter. Applied Materials has set its Q2 guidance at $0.62-0.70 EPS.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, February 14th. The manufacturing equipment provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.71 billion. Applied Materials had a net margin of 23.50% and a return on equity of 58.28%. The company’s revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share. On average, analysts expect Applied Materials to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NASDAQ AMAT opened at $40.01 on Wednesday. The stock has a market cap of $37.11 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 1.72 and a beta of 1.66. Applied Materials has a 52 week low of $28.79 and a 52 week high of $55.46. The company has a current ratio of 2.72, a quick ratio of 1.74 and a debt-to-equity ratio of 0.65.
AMAT has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Applied Materials from a “hold” rating to a “sell” rating in a report on Monday, February 11th. Argus reissued a “buy” rating on shares of Applied Materials in a report on Tuesday, February 19th. ValuEngine raised shares of Applied Materials from a “sell” rating to a “hold” rating in a report on Friday, April 19th. BidaskClub downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada raised shares of Applied Materials from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $38.00 to $45.00 in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.90.
In related news, SVP Steve G. Ghanayem sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $42.70, for a total value of $1,067,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen R. Forrest sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $42.45, for a total transaction of $84,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 170,255 shares of company stock worth $6,987,176. 0.44% of the stock is owned by company insiders.
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Applied Materials Company Profile
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.
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