Applied Materials, Inc. (NASDAQ:AMAT) – Analysts at B. Riley reduced their Q1 2019 earnings estimates for shares of Applied Materials in a note issued to investors on Friday, November 16th. B. Riley analyst C. Ellis now expects that the manufacturing equipment provider will earn $0.79 per share for the quarter, down from their previous estimate of $0.97. B. Riley has a “Neutral” rating and a $33.00 price objective on the stock.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.97. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4 billion.

AMAT has been the subject of several other research reports. BidaskClub downgraded Applied Materials from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 11th. Deutsche Bank lowered their price objective on Applied Materials from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, August 17th. ValuEngine downgraded Applied Materials from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 23rd. Zacks Investment Research downgraded Applied Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Finally, KeyCorp reiterated an “overweight” rating and issued a $56.00 price objective (down previously from $71.00) on shares of Applied Materials in a research report on Friday, November 16th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.14.

Shares of AMAT stock opened at $35.77 on Monday. The company has a quick ratio of 1.73, a current ratio of 2.64 and a debt-to-equity ratio of 0.78. Applied Materials has a fifty-two week low of $30.53 and a fifty-two week high of $62.40. The company has a market capitalization of $34.80 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 0.99 and a beta of 1.60.

Several institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in Applied Materials by 47.3% in the third quarter. Bank of New York Mellon Corp now owns 20,336,220 shares of the manufacturing equipment provider’s stock worth $785,997,000 after purchasing an additional 6,531,516 shares during the period. Capital World Investors grew its stake in Applied Materials by 154.9% in the third quarter. Capital World Investors now owns 18,320,095 shares of the manufacturing equipment provider’s stock worth $708,072,000 after purchasing an additional 11,133,180 shares during the period. FMR LLC grew its stake in Applied Materials by 85.2% in the third quarter. FMR LLC now owns 14,705,625 shares of the manufacturing equipment provider’s stock worth $568,373,000 after purchasing an additional 6,766,709 shares during the period. American Century Companies Inc. grew its stake in Applied Materials by 25.8% in the second quarter. American Century Companies Inc. now owns 13,874,509 shares of the manufacturing equipment provider’s stock worth $640,864,000 after purchasing an additional 2,844,738 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in Applied Materials by 10.6% in the third quarter. OppenheimerFunds Inc. now owns 8,943,691 shares of the manufacturing equipment provider’s stock worth $345,672,000 after purchasing an additional 853,704 shares during the period. Institutional investors own 78.74% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 23rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.24%. Applied Materials’s dividend payout ratio is presently 17.98%.

Applied Materials Company Profile

Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.

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

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