Applied Materials (NASDAQ:AMAT) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.72-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.76. The company issued revenue guidance of $3.535-3.835 billion, compared to the consensus revenue estimate of $3.66 billion.Applied Materials also updated its Q4 2019 guidance to $0.72-0.80 EPS.
A number of research analysts have weighed in on the stock. Susquehanna Bancshares raised shares of Applied Materials from a neutral rating to a positive rating and lifted their price target for the company from $34.00 to $60.00 in a research report on Wednesday, May 15th. Stifel Nicolaus set a $57.00 price target on shares of Applied Materials and gave the company a buy rating in a research report on Monday. Wells Fargo & Co reaffirmed an outperform rating on shares of Applied Materials in a research report on Thursday, June 20th. Goldman Sachs Group cut shares of Applied Materials from a buy rating to a neutral rating in a research report on Monday, July 22nd. Finally, BidaskClub cut shares of Applied Materials from a buy rating to a hold rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $51.00.
AMAT traded up $0.45 during trading on Thursday, hitting $47.16. The company had a trading volume of 7,169,270 shares, compared to its average volume of 10,039,060. The company has a market cap of $44.15 billion, a PE ratio of 10.60, a P/E/G ratio of 2.35 and a beta of 1.68. The business has a 50-day moving average of $47.06 and a 200-day moving average of $42.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.79 and a quick ratio of 1.77. Applied Materials has a 1-year low of $28.79 and a 1-year high of $52.42.
Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. Applied Materials had a net margin of 22.10% and a return on equity of 47.88%. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. Research analysts forecast that Applied Materials will post 2.96 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.84 annualized dividend and a yield of 1.78%. Applied Materials’s payout ratio is 18.88%.
Applied Materials Company Profile
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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