$0.62 Revenue Per Share Anticipated for AMETEK, Inc. (AME) This Quarter

$0.62 Revenue Per Share Anticipated for AMETEK, Inc. (AME) This Quarter

Analysts forecast that AMETEK, Inc. (NYSE:AME) will announce earnings per share of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for AMETEK’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.63. AMETEK posted earnings per share of $0.59 in the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 3rd.

According to Zacks, analysts expect that AMETEK will report full-year earnings of $2.47 per share for the current financial year, with EPS estimates ranging from $2.43 to $2.51. For the next financial year, analysts expect that the company will report earnings of $2.72 per share, with EPS estimates ranging from $2.68 to $2.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow AMETEK.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $961.36 million. AMETEK had a net margin of 13.34% and a return on equity of 16.19%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 EPS.

AME has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of AMETEK from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Monday, May 22nd. Jefferies Group LLC restated a “buy” rating and set a $66.00 price objective (up previously from $63.00) on shares of AMETEK in a report on Wednesday, May 3rd. Morgan Stanley upped their price objective on shares of AMETEK from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, May 8th. BMO Capital Markets restated a “buy” rating and set a $65.00 price objective on shares of AMETEK in a report on Monday, March 27th. Finally, Atlantic Securities upgraded shares of AMETEK from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $48.00 to $62.00 in a report on Wednesday, February 15th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $60.10.

Shares of AMETEK (NYSE AME) traded up 0.57% during mid-day trading on Tuesday, hitting $61.86. 1,186,111 shares of the stock were exchanged. The stock’s 50 day moving average is $58.84 and its 200-day moving average is $53.41. The stock has a market cap of $14.23 billion, a PE ratio of 27.88 and a beta of 1.11. AMETEK has a 12 month low of $43.28 and a 12 month high of $62.19.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a $0.09 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.58%. AMETEK’s dividend payout ratio is currently 16.44%.

In related news, insider Timothy N. Jones sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $54.20, for a total value of $542,000.00. Following the sale, the insider now owns 44,139 shares in the company, valued at $2,392,333.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas M. Montgomery sold 6,864 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $60.52, for a total value of $415,409.28. Following the completion of the sale, the vice president now owns 28,446 shares in the company, valued at approximately $1,721,551.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,001 shares of company stock worth $2,826,368. 2.00% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of AMETEK by 2.3% in the first quarter. Vanguard Group Inc. now owns 21,889,853 shares of the technology company’s stock worth $1,183,804,000 after buying an additional 484,592 shares in the last quarter. FMR LLC raised its stake in shares of AMETEK by 3.4% in the first quarter. FMR LLC now owns 21,688,705 shares of the technology company’s stock worth $1,172,925,000 after buying an additional 717,489 shares in the last quarter. BlackRock Inc. raised its stake in shares of AMETEK by 3,109.3% in the first quarter. BlackRock Inc. now owns 13,823,451 shares of the technology company’s stock worth $747,572,000 after buying an additional 13,392,716 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of AMETEK by 9.0% in the first quarter. Wellington Management Group LLP now owns 10,528,307 shares of the technology company’s stock worth $569,372,000 after buying an additional 868,895 shares in the last quarter. Finally, State Street Corp raised its stake in shares of AMETEK by 5.3% in the fourth quarter. State Street Corp now owns 9,571,155 shares of the technology company’s stock worth $465,162,000 after buying an additional 479,261 shares in the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

About AMETEK

AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AME”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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