Somewhat Favorable News Coverage Somewhat Unlikely to Impact AMTEK (AME) Share Price

News headlines about AMTEK (NYSE:AME) have trended somewhat positive on Friday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AMTEK earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 47.0578570297372 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

AMTEK (NYSE:AME) remained flat at $$70.24 on Friday. The company had a trading volume of 280,798 shares, compared to its average volume of 1,348,683. The firm has a market cap of $16,233.67, a price-to-earnings ratio of 28.21, a PEG ratio of 2.39 and a beta of 1.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.59. AMTEK has a 1 year low of $45.78 and a 1 year high of $71.24.

AMTEK (NYSE:AME) last released its quarterly earnings results 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. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. equities research analysts forecast that AMTEK will post 2.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Tuesday, December 5th. AMTEK’s dividend payout ratio is currently 15.13%.

A number of brokerages have recently issued reports on AME. Zacks Investment Research raised AMTEK from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Monday, November 13th. Oppenheimer Holdings, Inc. upped their price target on AMTEK to $75.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. BMO Capital Markets upped their price target on AMTEK from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Morgan Stanley upped their price target on AMTEK from $64.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Finally, Robert W. Baird upped their price target on AMTEK from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. AMTEK presently has a consensus rating of “Buy” and a consensus target price of $71.80.

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In other AMTEK news, VP Thomas M. Montgomery sold 1,800 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.35, for a total transaction of $126,630.00. Following the sale, the vice president now owns 19,947 shares in the company, valued at approximately $1,403,271.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas C. Marecic sold 12,315 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $66.36, for a total value of $817,223.40. Following the sale, the insider now owns 38,367 shares in the company, valued at approximately $2,546,034.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 167,955 shares of company stock worth $11,155,513. 2.10% of the stock is owned by insiders.

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.

Insider Buying and Selling by Quarter for AMTEK (NYSE:AME)

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