News coverage about Applied Materials (NASDAQ:AMAT) has trended somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Applied Materials earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media headlines about the manufacturing equipment provider an impact score of 46.5847855820075 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
Shares of NASDAQ:AMAT opened at $45.25 on Thursday. The stock has a market cap of $47.09 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.78 and a beta of 1.64. Applied Materials has a 1-year low of $40.79 and a 1-year high of $62.40. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.60 and a quick ratio of 1.83.
Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, May 17th. The manufacturing equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.08. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.45 billion. Applied Materials had a return on equity of 51.65% and a net margin of 19.24%. During the same period in the previous year, the company earned $0.79 EPS. sell-side analysts expect that Applied Materials will post 4.6 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 23rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.77%. Applied Materials’s payout ratio is currently 24.62%.
A number of research analysts recently issued reports on the company. Bank of America assumed coverage on Applied Materials in a report on Wednesday, March 21st. They issued a “buy” rating and a $80.00 price target for the company. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $66.16 price target for the company in a report on Monday, March 19th. Zacks Investment Research cut Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 17th. BidaskClub raised Applied Materials from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Citigroup lifted their price target on Applied Materials from $70.00 to $78.00 and gave the company a “buy” rating in a report on Monday, May 14th. Six investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $64.20.
Applied Materials Company Profile
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
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