AMETEK (AME) Releases Q4 2018 Earnings Guidance

AMETEK (NYSE:AME) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.82-0.84 for the period, compared to the Thomson Reuters consensus estimate of $0.82. AMETEK also updated its FY 2018 guidance to $3.25-3.27 EPS.

Shares of NYSE AME traded up $0.99 during midday trading on Friday, hitting $72.62. 183,785 shares of the company’s stock were exchanged, compared to its average volume of 1,501,304. AMETEK has a 12-month low of $64.91 and a 12-month high of $81.92. The company has a current ratio of 1.71, a quick ratio of 1.19 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 1.89 and a beta of 1.18.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, November 1st. The technology company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. AMETEK had a return on equity of 16.94% and a net margin of 16.65%. AMETEK’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, analysts predict that AMETEK will post 3.21 earnings per share for the current year.

Several analysts have issued reports on AME shares. Cowen reaffirmed a buy rating and issued a $85.00 target price on shares of AMETEK in a research note on Sunday, August 12th. ValuEngine raised AMETEK from a hold rating to a buy rating in a research note on Thursday, August 2nd. Bank of America upped their target price on AMETEK from $87.00 to $91.00 and gave the stock a buy rating in a research note on Wednesday, August 1st. Royal Bank of Canada reaffirmed a buy rating and issued a $86.00 target price on shares of AMETEK in a research note on Wednesday, August 1st. Finally, Morgan Stanley upped their target price on AMETEK from $79.00 to $84.00 and gave the stock an equal weight rating in a research note on Wednesday, August 1st. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $86.83.

In other AMETEK news, Director Elizebeth R. Varet sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $76.95, for a total value of $230,850.00. Following the completion of the sale, the director now owns 113,810 shares in the company, valued at $8,757,679.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizebeth R. Varet sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $78.10, for a total value of $117,150.00. Following the completion of the sale, the director now owns 4,148 shares of the company’s stock, valued at approximately $323,958.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,925 shares of company stock valued at $4,811,210. 2.10% of the stock is owned by insiders.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.

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Earnings History and Estimates for AMETEK (NYSE:AME)

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