AMTEK (AME) Earning Favorable Media Coverage, Accern Reports
News headlines about AMTEK (NYSE:AME) have been trending positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AMTEK earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.5409119690808 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- SAP’s Upgrade2Success to Aid Transition from HR to the Cloud (zacks.com)
- Ericsson Selected by the City of Dallas for Traffic Solution (zacks.com)
- AMTEK, Inc. (AME) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- AMTEK (AME) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Zacks: Brokerages Anticipate AMTEK, Inc. (AME) Will Post Quarterly Sales of $1.09 Billion (americanbankingnews.com)
AMTEK (NYSE AME) traded up $0.88 during mid-day trading on Thursday, reaching $74.57. 930,383 shares of the company’s stock were exchanged, compared to its average volume of 1,130,000. The company has a current ratio of 1.59, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51. AMTEK has a 12 month low of $49.54 and a 12 month high of $74.58. The firm has a market capitalization of $17,230.00, a PE ratio of 31.33, a P/E/G ratio of 2.17 and a beta of 1.36.
AMTEK (NYSE:AME) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. equities analysts predict that AMTEK will post 2.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.48%. AMTEK’s payout ratio is currently 15.13%.
Several analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $70.00 target price on shares of AMTEK in a report on Friday, October 13th. Zacks Investment Research cut shares of AMTEK from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. BMO Capital Markets raised their target price on shares of AMTEK from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Oppenheimer raised their target price on shares of AMTEK to $75.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $70.00 target price on shares of AMTEK in a report on Friday, October 6th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.00.
In other news, VP Thomas M. Montgomery sold 1,800 shares of AMTEK stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.35, for a total value of $126,630.00. Following the transaction, the vice president now directly owns 19,947 shares of the company’s stock, valued at approximately $1,403,271.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Zapico sold 25,965 shares of AMTEK stock in a transaction on Monday, December 11th. The shares were sold at an average price of $71.77, for a total transaction of $1,863,508.05. Following the completion of the transaction, the insider now directly owns 200,548 shares in the company, valued at $14,393,329.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,815 shares of company stock worth $2,209,220. 2.10% of the stock is owned by corporate insiders.
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AMTEK Company Profile
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.
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