Amentum (NYSE:AMTM) Posts Earnings Results, Beats Expectations By $0.02 EPS

Amentum (NYSE:AMTM) released its earnings results on Monday. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02, FiscalAI reports. Amentum had a net margin of 0.69% and a return on equity of 11.56%. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion.

Amentum Stock Down 2.4%

Amentum stock traded down $0.59 during mid-day trading on Monday, hitting $23.94. The company had a trading volume of 5,051,164 shares, compared to its average volume of 2,028,384. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 59.86, a PEG ratio of 0.72 and a beta of 0.43. Amentum has a 1 year low of $19.11 and a 1 year high of $38.11. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average of $27.42 and a 200 day moving average of $28.55.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMTM. Truist Financial upped their target price on shares of Amentum from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Citigroup restated an “outperform” rating on shares of Amentum in a research note on Monday, January 12th. Wall Street Zen lowered shares of Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Citizens Jmp restated a “market outperform” rating and set a $40.00 target price on shares of Amentum in a research note on Monday, April 13th. Finally, UBS Group upped their target price on shares of Amentum from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Amentum has a consensus rating of “Hold” and a consensus price target of $34.91.

Hedge Funds Weigh In On Amentum

Hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new position in Amentum in the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its stake in Amentum by 433.5% in the second quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock valued at $43,000 after purchasing an additional 1,474 shares during the last quarter. Riggs Asset Managment Co. Inc. purchased a new position in Amentum in the second quarter valued at approximately $46,000. Atlas Capital Advisors Inc. purchased a new position in Amentum in the fourth quarter valued at approximately $48,000. Finally, HM Payson & Co. increased its stake in Amentum by 58.3% in the fourth quarter. HM Payson & Co. now owns 1,941 shares of the company’s stock valued at $56,000 after purchasing an additional 715 shares during the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.