AMETEK (AME) Set to Announce Earnings on Tuesday

AMETEK (NYSE:AMEGet Rating) will issue its quarterly earnings data before the market opens on Tuesday, May 3rd. Analysts expect the company to announce earnings of $1.27 per share for the quarter. AMETEK has set its Q1 guidance at $1.24-$1.28 EPS and its FY22 guidance at $5.30-$5.42 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

AMETEK (NYSE:AMEGet Rating) last posted its quarterly earnings results on Thursday, February 3rd. The technology company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.06. AMETEK had a net margin of 17.85% and a return on equity of 17.45%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the company posted $1.08 earnings per share. The business’s quarterly revenue was up 25.1% on a year-over-year basis. On average, analysts expect AMETEK to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NYSE AME opened at $127.65 on Tuesday. The firm has a market capitalization of $29.51 billion, a P/E ratio of 30.04, a P/E/G ratio of 2.61 and a beta of 1.31. The firm’s 50-day moving average price is $130.62 and its 200-day moving average price is $135.50. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. AMETEK has a 1-year low of $121.80 and a 1-year high of $148.07.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 10th were paid a dividend of $0.22 per share. This is an increase from AMETEK’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Wednesday, March 9th. AMETEK’s dividend payout ratio is 20.71%.

In related news, Director Thomas A. Amato sold 615 shares of the stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $133.03, for a total transaction of $81,813.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony James Conti sold 5,160 shares of the stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $133.37, for a total transaction of $688,189.20. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in AME. Sequoia Financial Advisors LLC bought a new stake in AMETEK during the 4th quarter valued at $247,000. Stifel Financial Corp raised its stake in shares of AMETEK by 9.3% during the 4th quarter. Stifel Financial Corp now owns 71,189 shares of the technology company’s stock valued at $10,468,000 after purchasing an additional 6,077 shares during the period. Thrivent Financial for Lutherans lifted its holdings in AMETEK by 29.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 335,805 shares of the technology company’s stock worth $49,376,000 after purchasing an additional 76,243 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in AMETEK by 11.1% in the 4th quarter. Parametric Portfolio Associates LLC now owns 957,596 shares of the technology company’s stock worth $140,805,000 after purchasing an additional 95,683 shares during the period. Finally, California State Teachers Retirement System grew its holdings in AMETEK by 1.5% during the 4th quarter. California State Teachers Retirement System now owns 409,724 shares of the technology company’s stock valued at $60,246,000 after buying an additional 5,877 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded AMETEK from a “sell” rating to a “hold” rating and set a $134.00 price objective for the company in a report on Tuesday, April 19th. KeyCorp decreased their price target on shares of AMETEK from $160.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, March 18th. Morgan Stanley dropped their price objective on shares of AMETEK from $159.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, January 14th. Finally, StockNews.com began coverage on shares of AMETEK in a research report on Thursday, March 31st. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $150.30.

AMETEK Company Profile (Get Rating)

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical 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 for AMETEK (NYSE:AME)

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