A-Mark Precious Metals (AMRK) to Release Quarterly Earnings on Tuesday

A-Mark Precious Metals (NASDAQ:AMRK) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.05 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.33). The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%.

A-Mark Precious Metals Stock Down 0.1 %

Shares of A-Mark Precious Metals stock opened at $41.32 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.32. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $42.48. The business’s fifty day moving average price is $32.74 and its two-hundred day moving average price is $29.63. The company has a market capitalization of $944.16 million, a P/E ratio of 9.16 and a beta of -0.05.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.94%. The ex-dividend date was Monday, April 15th. A-Mark Precious Metals’s payout ratio is currently 17.74%.

Analyst Ratings Changes

AMRK has been the subject of a number of research analyst reports. DA Davidson upped their price target on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. B. Riley cut their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, April 26th.

Insider Activity

In other news, CEO Gregory N. Roberts sold 8,696 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total transaction of $220,008.80. Following the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $713,510.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other A-Mark Precious Metals news, Director Jess M. Ravich bought 20,000 shares of A-Mark Precious Metals stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $25.63 per share, for a total transaction of $512,600.00. Following the completion of the acquisition, the director now directly owns 143,668 shares of the company’s stock, valued at $3,682,210.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $713,510.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,637 shares of company stock worth $1,396,360. Insiders own 23.20% of the company’s stock.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through 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.