Applied Materials (AMAT) Releases Q2 Earnings Guidance

Applied Materials (NASDAQ:AMAT) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.62-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.77. The company issued revenue guidance of $3.33-3.63 billion, compared to the consensus revenue estimate of $3.66 billion.

Several brokerages have recently issued reports on AMAT. Stifel Nicolaus cut their target price on shares of Applied Materials from $63.00 to $53.00 and set a buy rating on the stock in a report on Monday, February 11th. Zacks Investment Research cut shares of Applied Materials from a hold rating to a sell rating in a report on Monday, February 11th. BidaskClub upgraded shares of Applied Materials from a hold rating to a buy rating in a report on Saturday, February 9th. DZ Bank cut shares of Applied Materials from a buy rating to a hold rating in a report on Friday. Finally, ValuEngine cut shares of Applied Materials from a hold rating to a sell rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. Applied Materials presently has an average rating of Buy and a consensus target price of $50.96.

NASDAQ:AMAT opened at $39.10 on Friday. The firm has a market capitalization of $37.26 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.44 and a beta of 1.69. Applied Materials has a twelve month low of $28.79 and a twelve month high of $62.40. The company has a current ratio of 2.64, a quick ratio of 1.73 and a debt-to-equity ratio of 0.78.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, February 14th. The manufacturing equipment provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.02. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Applied Materials had a net margin of 19.20% and a return on equity of 62.56%. The firm’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 earnings per share. As a group, analysts predict that Applied Materials will post 3.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.05%. The ex-dividend date is Wednesday, February 20th. Applied Materials’s dividend payout ratio (DPR) is currently 17.98%.

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About Applied Materials

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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Earnings History and Estimates for Applied Materials (NASDAQ:AMAT)

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