$2.07 Billion in Sales Expected for A-Mark Precious Metals, Inc. (NASDAQ:AMRK) This Quarter

Wall Street brokerages predict that A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) will announce sales of $2.07 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for A-Mark Precious Metals’ earnings. The lowest sales estimate is $1.95 billion and the highest is $2.18 billion. A-Mark Precious Metals posted sales of $2.18 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 5%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that A-Mark Precious Metals will report full year sales of $8.14 billion for the current financial year, with estimates ranging from $8.02 billion to $8.25 billion. For the next financial year, analysts forecast that the company will report sales of $8.55 billion, with estimates ranging from $8.15 billion to $8.96 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for A-Mark Precious Metals.

A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $1.96 by $1.10. A-Mark Precious Metals had a net margin of 1.77% and a return on equity of 41.21%. During the same period in the prior year, the business earned $8.84 earnings per share.

AMRK has been the subject of several recent research reports. Zacks Investment Research upgraded shares of A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating and set a $76.00 target price for the company in a research note on Tuesday, May 10th. StockNews.com initiated coverage on shares of A-Mark Precious Metals in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Northland Securities assumed coverage on shares of A-Mark Precious Metals in a research note on Tuesday, April 19th. They issued an “outperform” rating and a $105.00 target price for the company. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $85.50.

AMRK opened at $63.57 on Monday. The stock has a market capitalization of $731.94 million, a P/E ratio of 5.25 and a beta of -0.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.57. The stock has a 50-day simple moving average of $76.25. A-Mark Precious Metals has a twelve month low of $42.20 and a twelve month high of $89.19.

Shares of A-Mark Precious Metals are scheduled to split on the morning of Tuesday, June 7th. The 2-1 split was announced on Tuesday, June 7th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, June 7th.

In other A-Mark Precious Metals news, Director Jeffrey D. Benjamin sold 5,209 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $70.30, for a total value of $366,192.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory N. Roberts sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $70.77, for a total transaction of $849,240.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,233 shares of company stock valued at $2,975,497. 25.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in AMRK. Morgan Stanley grew its stake in A-Mark Precious Metals by 173,096.2% in the 2nd quarter. Morgan Stanley now owns 45,031 shares of the company’s stock worth $2,094,000 after buying an additional 45,005 shares in the last quarter. Citadel Advisors LLC grew its stake in A-Mark Precious Metals by 22.6% in the 2nd quarter. Citadel Advisors LLC now owns 7,561 shares of the company’s stock worth $352,000 after buying an additional 1,394 shares in the last quarter. SG Americas Securities LLC purchased a new position in A-Mark Precious Metals in the 3rd quarter worth approximately $366,000. Raymond James & Associates bought a new stake in shares of A-Mark Precious Metals in the 3rd quarter worth approximately $1,274,000. Finally, Deutsche Bank AG lifted its holdings in shares of A-Mark Precious Metals by 104.9% in the 3rd quarter. Deutsche Bank AG now owns 10,622 shares of the company’s stock worth $637,000 after acquiring an additional 5,438 shares during the last quarter. 43.08% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Company Profile (Get Rating)

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.

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