Equities analysts expect Applied Materials, Inc. (NASDAQ:AMAT) to announce earnings of $0.66 per share for the current quarter, Zacks reports. Seven analysts have provided estimates for Applied Materials’ earnings. The highest EPS estimate is $0.67 and the lowest is $0.64. Applied Materials posted earnings of $1.22 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 45.9%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, May 16th.
On average, analysts expect that Applied Materials will report full-year earnings of $2.94 per share for the current fiscal year, with EPS estimates ranging from $2.85 to $3.01. For the next fiscal year, analysts forecast that the business will report earnings of $3.49 per share, with EPS estimates ranging from $3.18 to $3.78. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Applied Materials.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, February 14th. The manufacturing equipment provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.79 by $0.02. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.71 billion. Applied Materials had a return on equity of 58.28% and a net margin of 23.50%. The business’s revenue was down 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS.
Applied Materials stock traded down $0.47 during mid-day trading on Friday, hitting $41.58. 6,865,365 shares of the company’s stock traded hands, compared to its average volume of 10,317,835. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.72 and a quick ratio of 1.74. The company has a market capitalization of $39.73 billion, a P/E ratio of 9.34, a PEG ratio of 1.84 and a beta of 1.66. Applied Materials has a one year low of $28.79 and a one year high of $56.94.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, May 22nd. This is an increase from Applied Materials’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.02%. Applied Materials’s dividend payout ratio (DPR) is 17.98%.
In other news, insider Omkaram Nalamasu sold 143,255 shares of Applied Materials stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $40.73, for a total value of $5,834,776.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen R. Forrest sold 2,000 shares of Applied Materials stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $42.45, for a total transaction of $84,900.00. The disclosure for this sale can be found here. Insiders have sold 170,255 shares of company stock valued at $6,987,176 over the last 90 days. Company insiders own 0.44% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moody National Bank Trust Division bought a new stake in shares of Applied Materials during the fourth quarter worth $25,000. Squar Milner Financial Services LLC grew its stake in shares of Applied Materials by 190.8% during the first quarter. Squar Milner Financial Services LLC now owns 698 shares of the manufacturing equipment provider’s stock worth $27,000 after buying an additional 458 shares during the last quarter. Sontag Advisory LLC bought a new stake in shares of Applied Materials during the fourth quarter worth $30,000. Bruderman Asset Management LLC bought a new stake in shares of Applied Materials during the fourth quarter worth $31,000. Finally, Lenox Wealth Advisors LLC grew its stake in shares of Applied Materials by 73.7% during the first quarter. Lenox Wealth Advisors LLC now owns 780 shares of the manufacturing equipment provider’s stock worth $31,000 after buying an additional 331 shares during the last quarter. Institutional investors own 78.75% of the company’s stock.
About Applied Materials
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.
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