Zacks: Analysts Expect AMETEK, Inc. (AME) Will Announce Earnings of $0.72 Per Share

Brokerages expect AMETEK, Inc. (NYSE:AME) to report $0.72 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for AMETEK’s earnings, with estimates ranging from $0.70 to $0.73. AMETEK reported earnings per share of $0.60 during the same quarter last year, which would suggest a positive year over year growth rate of 20%. The firm is scheduled to announce its next earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that AMETEK will report full year earnings of $3.04 per share for the current year, with EPS estimates ranging from $3.00 to $3.12. For the next year, analysts expect that the firm will post earnings of $3.33 per share, with EPS estimates ranging from $3.25 to $3.42. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow AMETEK.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, February 1st. The technology company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. AMETEK had a net margin of 15.85% and a return on equity of 16.39%. AMETEK’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS.

A number of analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $92.00 price target on shares of AMETEK in a research note on Thursday, February 1st. KeyCorp increased their price target on shares of AMETEK from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. BMO Capital Markets increased their price target on shares of AMETEK from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of AMETEK from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Monday. Finally, Wells Fargo & Co set a $88.00 price target on shares of AMETEK and gave the stock a “buy” rating in a research note on Thursday, January 18th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. AMETEK presently has a consensus rating of “Buy” and an average target price of $80.00.

In other news, VP Thomas M. Montgomery sold 1,800 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.35, for a total value of $126,630.00. Following the completion of the sale, the vice president now owns 19,947 shares in the company, valued at approximately $1,403,271.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizebeth R. Varet sold 6,295 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $74.72, for a total transaction of $470,362.40. The disclosure for this sale can be found here. Insiders sold a total of 53,478 shares of company stock valued at $3,939,918 in the last 90 days. Company insiders own 2.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. BB&T Investment Services Inc. acquired a new stake in shares of AMETEK in the 2nd quarter worth $107,000. Acropolis Investment Management LLC acquired a new stake in shares of AMETEK in the 4th quarter worth $108,000. Zions Bancorporation acquired a new stake in shares of AMETEK in the 3rd quarter worth $150,000. QS Investors LLC lifted its stake in shares of AMETEK by 0.9% in the 2nd quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock worth $172,000 after acquiring an additional 25 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of AMETEK in the 3rd quarter worth $182,000. Institutional investors own 85.24% of the company’s stock.

Shares of AMETEK (NYSE AME) opened at $72.05 on Tuesday. The firm has a market cap of $17,139.65, a price-to-earnings ratio of 28.41, a P/E/G ratio of 2.12 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.70. AMETEK has a 52 week low of $52.42 and a 52 week high of $78.51.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, March 15th. This is a boost from AMETEK’s previous quarterly dividend of $0.09. AMETEK’s dividend payout ratio (DPR) is 12.24%.

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AMETEK 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.

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Earnings History and Estimates for AMETEK (NYSE:AME)

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