Q1 2018 Earnings Forecast for Applied Materials, Inc. Issued By B. Riley (AMAT)
Applied Materials, Inc. (NASDAQ:AMAT) – B. Riley boosted their Q1 2018 EPS estimates for shares of Applied Materials in a report issued on Friday. B. Riley analyst C. Ellis now anticipates that the manufacturing equipment provider will post earnings per share of $0.98 for the quarter, up from their previous forecast of $0.91. B. Riley currently has a “Buy” rating and a $63.00 price objective on the stock. B. Riley also issued estimates for Applied Materials’ Q2 2018 earnings at $1.01 EPS, Q3 2018 earnings at $1.06 EPS, Q4 2018 earnings at $1.06 EPS, FY2018 earnings at $4.11 EPS, Q1 2019 earnings at $1.04 EPS, Q2 2019 earnings at $1.14 EPS, Q3 2019 earnings at $1.25 EPS, Q4 2019 earnings at $1.22 EPS and FY2020 earnings at $5.19 EPS.
AMAT has been the subject of several other reports. Stifel Nicolaus reiterated a “buy” rating and set a $61.00 price objective (up from $55.00) on shares of Applied Materials in a research note on Friday, August 18th. Zacks Investment Research cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 target price for the company in a report on Thursday, August 10th. Credit Suisse Group lifted their price objective on shares of Applied Materials from $5.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, August 18th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Applied Materials in a report on Monday, August 21st. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Applied Materials presently has an average rating of “Buy” and a consensus price target of $59.83.
ILLEGAL ACTIVITY WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/11/20/q1-2018-earnings-forecast-for-applied-materials-inc-issued-by-b-riley-amat.html.
Applied Materials (NASDAQ:AMAT) opened at $56.49 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14. Applied Materials has a one year low of $29.85 and a one year high of $60.89. The stock has a market cap of $60,245.85, a P/E ratio of 17.38, a PEG ratio of 0.87 and a beta of 1.85.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share.
A number of hedge funds have recently bought and sold shares of the stock. Summit Financial Wealth Advisors LLC lifted its holdings in Applied Materials by 0.3% in the second quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock worth $259,000 after purchasing an additional 19 shares during the period. Adirondack Trust Co. lifted its holdings in Applied Materials by 1.1% in the second quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock worth $151,000 after purchasing an additional 40 shares during the period. Affinity Wealth Management lifted its holdings in Applied Materials by 0.8% in the 2nd quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock valued at $264,000 after acquiring an additional 48 shares during the last quarter. Wunderlich Capital Managemnt lifted its holdings in Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after acquiring an additional 87 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. lifted its holdings in Applied Materials by 0.5% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider’s stock valued at $864,000 after acquiring an additional 97 shares during the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.
In related news, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.71%. Applied Materials’s payout ratio is 12.62%.
About Applied Materials
Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.