Media headlines about AMTEK (NYSE:AME) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. AMTEK earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.1331481881673 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
Shares of AMTEK (NYSE AME) opened at $75.20 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51. AMTEK has a 1 year low of $49.54 and a 1 year high of $75.42. The stock has a market cap of $17,380.00, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 2.21 and a beta of 1.36.
AMTEK (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. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. sell-side analysts anticipate that AMTEK will post 2.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.48%. AMTEK’s dividend payout ratio (DPR) is 15.13%.
A number of research firms have issued reports on AME. Royal Bank of Canada reiterated a “buy” rating and set a $70.00 target price on shares of AMTEK in a report on Friday, October 13th. Zacks Investment Research cut AMTEK from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Oppenheimer raised their price objective on AMTEK to $75.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. BMO Capital Markets raised their price objective on AMTEK from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $70.00 target price on shares of AMTEK in a research note on Friday, October 6th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $74.00.
In related news, Director Elizebeth R. Varet sold 3,050 shares of AMTEK stock in a transaction that occurred 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 transaction, the director now directly owns 117,930 shares of the company’s stock, valued at $8,470,911.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Zapico sold 25,965 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $71.77, for a total transaction of $1,863,508.05. Following the sale, the insider now directly owns 200,548 shares in the company, valued at approximately $14,393,329.96. The disclosure for this sale can be found here. Insiders sold 30,815 shares of company stock worth $2,209,220 over the last three months. 2.10% of the stock is currently owned by insiders.
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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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