Applied Materials, Inc. (NASDAQ:AMAT) – Investment analysts at B. Riley issued their FY2017 earnings estimates for shares of Applied Materials in a research report issued on Wednesday. B. Riley analyst C. Ellis forecasts that the manufacturing equipment provider will post earnings per share of $3.22 for the year. B. Riley has a “Buy” rating and a $61.00 price target on the stock. B. Riley also issued estimates for Applied Materials’ Q4 2017 earnings at $0.90 EPS, Q1 2018 earnings at $0.91 EPS, Q2 2018 earnings at $0.92 EPS, Q3 2018 earnings at $1.00 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $3.76 EPS, Q1 2019 earnings at $0.87 EPS, Q2 2019 earnings at $0.99 EPS, Q3 2019 earnings at $1.09 EPS and FY2019 earnings at $4.05 EPS.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the company earned $0.50 EPS. Applied Materials’s revenue was up 32.7% on a year-over-year basis.

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AMAT has been the topic of several other research reports. Credit Suisse Group restated a “buy” rating on shares of Applied Materials in a research report on Tuesday, August 29th. Goldman Sachs Group, Inc. (The) upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $49.00 to $52.00 in a research report on Wednesday, September 13th. Morgan Stanley restated an “overweight” rating on shares of Applied Materials in a research report on Thursday, September 14th. Vetr upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target on the stock in a research report on Monday, July 31st. Finally, Nomura lifted their price target on shares of Applied Materials from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Two analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Applied Materials has a consensus rating of “Buy” and a consensus target price of $52.69.

Shares of Applied Materials (NASDAQ AMAT) opened at 47.77 on Friday. Applied Materials has a 1-year low of $27.56 and a 1-year high of $48.53. The company has a 50-day moving average price of $44.50 and a 200-day moving average price of $42.82. The stock has a market cap of $50.95 billion, a price-to-earnings ratio of 16.98 and a beta of 1.81.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is 14.18%.

In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total transaction of $1,002,210.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. MPS Loria Financial Planners LLC bought a new position in shares of Applied Materials during the 2nd quarter worth about $109,000. W. E. Donoghue & Co. LLC bought a new stake in Applied Materials in the second quarter valued at about $2,147,000. Toronto Dominion Bank boosted its position in Applied Materials by 25.5% in the second quarter. Toronto Dominion Bank now owns 396,461 shares of the manufacturing equipment provider’s stock valued at $16,378,000 after buying an additional 80,545 shares in the last quarter. Advisory Services Network LLC boosted its position in Applied Materials by 10.0% in the second quarter. Advisory Services Network LLC now owns 50,505 shares of the manufacturing equipment provider’s stock valued at $2,086,000 after buying an additional 4,599 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its position in Applied Materials by 13.1% in the second quarter. WINTON GROUP Ltd now owns 520,242 shares of the manufacturing equipment provider’s stock valued at $21,491,000 after buying an additional 60,201 shares in the last quarter. Institutional investors own 79.47% of the company’s stock.

About Applied Materials

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

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