Applied Materials (NASDAQ:AMAT) Releases Q4 2019 Earnings Guidance

Applied Materials (NASDAQ:AMAT) issued an update on its fourth quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.72-0.80 for the period, compared to the Thomson Reuters consensus estimate of $0.75. The company issued revenue guidance of $3.535-3.835 billion, compared to the consensus revenue estimate of $3.64 billion.Applied Materials also updated its Q4 guidance to $0.72-0.80 EPS.

Shares of NASDAQ:AMAT opened at $47.16 on Friday. The stock has a fifty day simple moving average of $47.06 and a two-hundred day simple moving average of $42.49. The stock has a market capitalization of $44.99 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 2.43 and a beta of 1.68. Applied Materials has a 12-month low of $28.79 and a 12-month high of $52.42. The company has a current ratio of 2.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.65.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Applied Materials had a return on equity of 47.88% and a net margin of 22.10%. The firm’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 earnings per share. As a group, equities research analysts predict that Applied Materials will post 2.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, August 21st. Applied Materials’s dividend payout ratio is currently 18.88%.

Several research firms have recently weighed in on AMAT. ValuEngine cut Applied Materials from a buy rating to a hold rating in a research note on Tuesday, August 6th. UBS Group boosted their price target on Applied Materials from $45.00 to $49.00 and gave the stock a neutral rating in a research note on Friday, May 17th. KeyCorp restated a buy rating and issued a $54.00 price target (down previously from $56.00) on shares of Applied Materials in a research note on Friday. Deutsche Bank boosted their price target on Applied Materials from $44.00 to $47.00 and gave the stock a hold rating in a research note on Friday. Finally, Wells Fargo & Co restated an outperform rating on shares of Applied Materials in a research note on Thursday, June 20th. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $51.30.

Applied Materials Company Profile

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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Earnings History and Estimates for Applied Materials (NASDAQ:AMAT)

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