AMETEK (AME) Set to Announce Quarterly Earnings on Thursday

AMETEK (NYSE:AME) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.59 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.06. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the business earned $1.52 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts expect AMETEK to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

AMETEK Price Performance

AME opened at $178.25 on Thursday. The stock has a market capitalization of $41.21 billion, a P/E ratio of 31.44, a PEG ratio of 2.84 and a beta of 1.22. AMETEK has a 12-month low of $133.12 and a 12-month high of $186.32. The stock has a 50-day moving average price of $179.97 and a 200-day moving average price of $165.07. The company has a current ratio of 0.98, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22.

AMETEK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, March 7th. This is a boost from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.63%. AMETEK’s dividend payout ratio is currently 19.75%.

Insider Transactions at AMETEK

In related news, CFO William Joseph Burke sold 17,437 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $168.51, for a total transaction of $2,938,308.87. Following the completion of the transaction, the chief financial officer now owns 101,709 shares of the company’s stock, valued at approximately $17,138,983.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Steven W. Kohlhagen sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $180.59, for a total transaction of $252,826.00. Following the completion of the transaction, the director now owns 28,054 shares of the company’s stock, valued at approximately $5,066,271.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO William Joseph Burke sold 17,437 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $168.51, for a total value of $2,938,308.87. Following the sale, the chief financial officer now owns 101,709 shares in the company, valued at $17,138,983.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,881 shares of company stock valued at $10,689,758. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AME shares. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Royal Bank of Canada dropped their target price on AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Truist Financial assumed coverage on AMETEK in a report on Thursday, March 14th. They issued a “buy” rating and a $210.00 price objective for the company. Finally, KeyCorp increased their price objective on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $180.78.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.