$0.92 Earnings Per Share Expected for Applied Materials, Inc. (NASDAQ:AMAT) This Quarter

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Equities analysts expect Applied Materials, Inc. (NASDAQ:AMAT) to post $0.92 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Applied Materials’ earnings, with estimates ranging from $0.91 to $0.93. Applied Materials reported earnings per share of $0.81 in the same quarter last year, which would suggest a positive year over year growth rate of 13.6%. The company is expected to report its next quarterly earnings report on Thursday, February 13th.

On average, analysts expect that Applied Materials will report full year earnings of $3.77 per share for the current financial year, with EPS estimates ranging from $3.62 to $3.95. For the next year, analysts anticipate that the firm will report earnings of $4.32 per share, with EPS estimates ranging from $4.15 to $4.53. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Applied Materials.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 14th. The manufacturing equipment provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Applied Materials had a return on equity of 35.13% and a net margin of 18.52%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same period in the prior year, the firm earned $0.97 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis.

A number of research firms have issued reports on AMAT. Needham & Company LLC raised their target price on Applied Materials from $56.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Co boosted their price target on shares of Applied Materials from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday. Argus restated a “buy” rating and set a $72.00 price target on shares of Applied Materials in a research report on Monday, November 18th. They noted that the move was a valuation call. Morgan Stanley increased their price objective on shares of Applied Materials from $61.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Finally, Zacks Investment Research upgraded shares of Applied Materials from a “sell” rating to a “hold” rating and set a $60.00 price objective on the stock in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $63.76.

In other Applied Materials news, Director Stephen R. Forrest sold 3,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $62.86, for a total transaction of $188,580.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabu G. Raja sold 50,000 shares of Applied Materials stock in a transaction on Monday, December 16th. The shares were sold at an average price of $60.73, for a total value of $3,036,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,053,000 shares of company stock worth $64,335,080. 0.44% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in AMAT. Nuveen Asset Management LLC grew its holdings in Applied Materials by 2,914.1% during the second quarter. Nuveen Asset Management LLC now owns 11,359,951 shares of the manufacturing equipment provider’s stock worth $510,176,000 after acquiring an additional 10,983,055 shares during the period. Invesco Ltd. boosted its position in shares of Applied Materials by 72.2% during the 2nd quarter. Invesco Ltd. now owns 25,611,081 shares of the manufacturing equipment provider’s stock valued at $1,150,193,000 after purchasing an additional 10,735,173 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Applied Materials by 34.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 28,351,337 shares of the manufacturing equipment provider’s stock valued at $1,273,259,000 after purchasing an additional 7,230,052 shares in the last quarter. Generation Investment Management LLP acquired a new position in shares of Applied Materials in the 2nd quarter worth approximately $204,994,000. Finally, AQR Capital Management LLC grew its stake in shares of Applied Materials by 49.4% in the 2nd quarter. AQR Capital Management LLC now owns 8,459,335 shares of the manufacturing equipment provider’s stock worth $379,909,000 after purchasing an additional 2,797,005 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

AMAT traded up $0.42 during trading on Tuesday, reaching $61.50. 1,624,148 shares of the company were exchanged, compared to its average volume of 9,074,957. Applied Materials has a 52 week low of $28.79 and a 52 week high of $63.07. The company has a current ratio of 2.30, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $58.35 and a 200 day moving average of $50.76. The stock has a market cap of $56.57 billion, a P/E ratio of 20.23, a PEG ratio of 2.00 and a beta of 1.65.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 19th will be given a $0.21 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.84 dividend on an annualized basis and a yield of 1.37%. Applied Materials’s dividend payout ratio is presently 27.63%.

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

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