$1.03 EPS Expected for AMETEK, Inc. (NYSE:AME) This Quarter

Brokerages expect AMETEK, Inc. (NYSE:AME) to announce earnings of $1.03 per share for the current quarter, according to Zacks. Five analysts have provided estimates for AMETEK’s earnings, with the lowest EPS estimate coming in at $1.02 and the highest estimate coming in at $1.03. AMETEK reported earnings of $0.83 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 24.1%. The company is scheduled to announce its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that AMETEK will report full year earnings of $4.08 per share for the current year, with EPS estimates ranging from $4.03 to $4.12. For the next fiscal year, analysts expect that the firm will post earnings of $4.36 per share, with EPS estimates ranging from $4.26 to $4.44. Zacks’ EPS calculations are an average based on a survey of research analysts that cover AMETEK.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. AMETEK had a return on equity of 18.56% and a net margin of 16.14%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share.

A number of equities research analysts have recently commented on AME shares. DA Davidson increased their target price on AMETEK to $92.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. ValuEngine raised AMETEK from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. KeyCorp upped their price target on AMETEK from $86.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. BMO Capital Markets upped their price target on AMETEK from $99.00 to $101.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Finally, Vertical Research reaffirmed a “buy” rating on shares of AMETEK in a report on Friday, May 3rd. Fifteen investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $91.50.

In other AMETEK news, CFO William Joseph Burke sold 16,322 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $86.51, for a total value of $1,412,016.22. Following the transaction, the chief financial officer now owns 86,727 shares of the company’s stock, valued at $7,502,752.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dennis K. Williams sold 1,570 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $87.00, for a total value of $136,590.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,370 shares of company stock worth $8,072,702. Corporate insiders own 0.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Cornerstone Advisors Inc. raised its stake in shares of AMETEK by 55.2% in the first quarter. Cornerstone Advisors Inc. now owns 388 shares of the technology company’s stock worth $32,000 after buying an additional 138 shares during the period. ETF Managers Group LLC raised its stake in shares of AMETEK by 7.9% in the first quarter. ETF Managers Group LLC now owns 1,890 shares of the technology company’s stock worth $157,000 after buying an additional 139 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of AMETEK by 1.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,665 shares of the technology company’s stock worth $857,000 after buying an additional 143 shares during the period. Sapience Investments LLC raised its stake in shares of AMETEK by 0.4% in the first quarter. Sapience Investments LLC now owns 39,405 shares of the technology company’s stock worth $3,269,000 after buying an additional 155 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of AMETEK by 8.2% in the first quarter. Advisors Asset Management Inc. now owns 2,172 shares of the technology company’s stock worth $180,000 after buying an additional 164 shares during the period. 85.73% of the stock is currently owned by institutional investors.

Shares of NYSE AME traded down $0.33 during trading on Thursday, reaching $90.27. The company had a trading volume of 28,886 shares, compared to its average volume of 1,125,430. AMETEK has a 12-month low of $63.14 and a 12-month high of $92.30. The stock has a market cap of $20.75 billion, a PE ratio of 27.46, a PEG ratio of 2.33 and a beta of 1.24. The business’s 50-day moving average is $86.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.91.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Thursday, June 13th. AMETEK’s payout ratio is currently 17.02%.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. The company's Electronic Instruments segment offers advanced instruments for the process, aerospace, power, and industrial markets; process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.

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Earnings History and Estimates for AMETEK (NYSE:AME)

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