Analysts expect Applied Materials, Inc. (NASDAQ:AMAT) to post $1.16 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have issued estimates for Applied Materials’ earnings. The lowest EPS estimate is $1.12 and the highest is $1.17. Applied Materials posted earnings per share of $0.86 during the same quarter last year, which suggests a positive year over year growth rate of 34.9%. The business is expected to report its next earnings results on Thursday, August 16th.
On average, analysts expect that Applied Materials will report full-year earnings of $4.62 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $4.69. For the next fiscal year, analysts forecast that the company will report earnings of $4.57 per share, with EPS estimates ranging from $4.02 to $5.12. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Applied Materials.
Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, May 17th. The manufacturing equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the 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 net margin of 19.24% and a return on equity of 51.65%. During the same period in the previous year, the business posted $0.79 earnings per share.
A number of research firms have weighed in on AMAT. Bank of America began coverage on shares of Applied Materials in a research report on Wednesday, March 21st. They issued a “buy” rating and a $80.00 price target for the company. Vetr upgraded shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $66.16 price target for the company in a research report on Monday, March 19th. Zacks Investment Research lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 17th. Citigroup upped their price target on shares of Applied Materials from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, May 14th. Finally, UBS Group began coverage on shares of Applied Materials in a research report on Wednesday, April 4th. They issued a “neutral” rating and a $58.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $64.20.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Applied Materials by 10.5% in the first quarter. BlackRock Inc. now owns 76,112,124 shares of the manufacturing equipment provider’s stock worth $4,232,597,000 after buying an additional 7,222,175 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Applied Materials by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 12,968,458 shares of the manufacturing equipment provider’s stock worth $661,743,000 after buying an additional 234,528 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Applied Materials by 1.4% in the first quarter. Epoch Investment Partners Inc. now owns 10,550,308 shares of the manufacturing equipment provider’s stock worth $586,702,000 after buying an additional 144,093 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Applied Materials by 22.6% in the first quarter. OppenheimerFunds Inc. now owns 8,151,015 shares of the manufacturing equipment provider’s stock worth $453,279,000 after buying an additional 1,501,992 shares in the last quarter. Finally, Lansdowne Partners UK LLP purchased a new position in shares of Applied Materials in the fourth quarter worth $370,984,000. 78.65% of the stock is currently owned by hedge funds and other institutional investors.
Applied Materials opened at $46.19 on Monday, according to Marketbeat. The company has a market capitalization of $45.65 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.75 and a beta of 1.64. Applied Materials has a 1-year low of $40.98 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.
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 issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 24.62%.
About Applied Materials
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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