AMETEK (AME) Updates FY 2018 Earnings Guidance

AMETEK (NYSE:AME) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.25-3.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.21. AMETEK also updated its Q4 2018 guidance to $0.82-0.84 EPS.

Shares of AMETEK stock traded up $1.10 during trading hours on Friday, hitting $72.73. 152,730 shares of the company’s stock traded hands, compared to its average volume of 1,501,304. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.71 and a quick ratio of 1.19. AMETEK has a twelve month low of $64.91 and a twelve month high of $81.92. The company has a market capitalization of $15.39 billion, a PE ratio of 27.75, a P/E/G ratio of 1.89 and a beta of 1.18.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, November 1st. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. AMETEK had a net margin of 16.65% and a return on equity of 16.94%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities analysts expect that AMETEK will post 3.21 earnings per share for the current fiscal year.

AME has been the topic of several research analyst reports. Morgan Stanley increased their price target on shares of AMETEK from $79.00 to $84.00 and gave the stock an equal weight rating in a research report on Wednesday, August 1st. Royal Bank of Canada reaffirmed a buy rating and set a $86.00 price target on shares of AMETEK in a research report on Wednesday, August 1st. Bank of America increased their price target on shares of AMETEK from $87.00 to $91.00 and gave the stock a buy rating in a research report on Wednesday, August 1st. ValuEngine cut shares of AMETEK from a buy rating to a hold rating in a research report on Tuesday, October 23rd. Finally, Oppenheimer raised their target price on shares of AMETEK from $85.00 to $90.00 and gave the stock an outperform rating in a report on Wednesday, August 1st. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $86.83.

In other AMETEK news, insider John Wesley Hardin sold 29,955 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $81.55, for a total value of $2,442,830.25. Following the transaction, the insider now owns 70,016 shares of the company’s stock, valued at $5,709,804.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizebeth R. Varet sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $76.95, for a total transaction of $230,850.00. Following the completion of the transaction, the director now directly owns 113,810 shares in the company, valued at approximately $8,757,679.50. The disclosure for this sale can be found here. Insiders sold 59,925 shares of company stock worth $4,811,210 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

AMETEK Company Profile

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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