$0.70 Earnings Per Share Expected for Applied Materials, Inc. (NASDAQ:AMAT) This Quarter

Wall Street analysts predict that Applied Materials, Inc. (NASDAQ:AMAT) will post $0.70 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Applied Materials’ earnings. The lowest EPS estimate is $0.69 and the highest is $0.71. Applied Materials posted earnings per share of $1.20 in the same quarter last year, which would indicate a negative year-over-year growth rate of 41.7%. The business is scheduled to issue its next earnings results after the market closes on Thursday, August 15th.

On average, analysts expect that Applied Materials will report full-year earnings of $2.96 per share for the current year, with EPS estimates ranging from $2.87 to $3.02. For the next financial year, analysts expect that the business will post earnings of $3.50 per share, with EPS estimates ranging from $3.23 to $3.71. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Applied Materials.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, May 16th. The manufacturing equipment provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. Applied Materials had a return on equity of 47.88% and a net margin of 22.10%. The company had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The business’s revenue was down 22.7% on a year-over-year basis.

Several equities research analysts recently issued reports on AMAT shares. UBS Group boosted their price target on Applied Materials from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Goldman Sachs Group downgraded Applied Materials from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Cowen boosted their price target on Applied Materials from $47.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, May 17th. DA Davidson downgraded Applied Materials from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $45.00 in a report on Monday, July 8th. Finally, Bank of America reiterated a “neutral” rating and issued a $52.00 price target (up from $45.00) on shares of Applied Materials in a report on Friday, May 17th. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $50.52.

A number of large investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp boosted its position in Applied Materials by 4.1% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 906,043 shares of the manufacturing equipment provider’s stock worth $40,491,000 after acquiring an additional 35,422 shares during the period. Pillar Pacific Capital Management LLC boosted its position in shares of Applied Materials by 1.1% in the 2nd quarter. Pillar Pacific Capital Management LLC now owns 236,623 shares of the manufacturing equipment provider’s stock worth $10,627,000 after purchasing an additional 2,660 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of Applied Materials by 108.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 45,535 shares of the manufacturing equipment provider’s stock worth $2,045,000 after purchasing an additional 23,682 shares during the last quarter. Enterprise Trust & Investment Co bought a new position in shares of Applied Materials in the 2nd quarter worth $898,000. Finally, Waters Parkerson & CO. LLC boosted its position in shares of Applied Materials by 4.5% in the 2nd quarter. Waters Parkerson & CO. LLC now owns 9,198 shares of the manufacturing equipment provider’s stock worth $413,000 after purchasing an additional 398 shares during the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

Shares of NASDAQ:AMAT traded up $0.16 during trading on Friday, reaching $46.49. 737,187 shares of the stock were exchanged, compared to its average volume of 9,299,061. Applied Materials has a 12 month low of $28.79 and a 12 month high of $52.42. The company has a market cap of $43.82 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 2.41 and a beta of 1.68. The company’s 50-day moving average is $46.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.77 and a current ratio of 2.79.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.81%. Applied Materials’s dividend payout ratio (DPR) is 18.88%.

About Applied Materials

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.

Further Reading: Intrinsic Value

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Earnings History and Estimates for Applied Materials (NASDAQ:AMAT)

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