DA Davidson Equities Analysts Raise Earnings Estimates for Applied Materials, Inc. (NASDAQ:AMAT)

Applied Materials, Inc. (NASDAQ:AMAT) – Stock analysts at DA Davidson increased their Q1 2019 earnings per share estimates for Applied Materials in a research note issued on Monday. DA Davidson analyst T. Diffely now expects that the manufacturing equipment provider will post earnings of $0.72 per share for the quarter, up from their prior estimate of $0.67. DA Davidson currently has a “Buy” rating and a $55.00 target price on the stock.

Other research analysts also recently issued reports about the company. B. Riley reiterated a “buy” rating and issued a $44.00 target price on shares of Applied Materials in a research note on Monday, May 15th. Royal Bank Of Canada restated a “hold” rating and issued a $35.00 price target on shares of Applied Materials in a research note on Tuesday, April 25th. Bank of America Corporation restated a “buy” rating and issued a $54.00 price target (up from $45.00) on shares of Applied Materials in a research note on Wednesday, May 17th. Needham & Company LLC lifted their price target on Applied Materials from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Finally, Morgan Stanley restated an “overweight” rating and issued a $47.00 price target (up from $37.00) on shares of Applied Materials in a research note on Sunday, May 21st. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Applied Materials currently has an average rating of “Buy” and an average target price of $46.26.

COPYRIGHT VIOLATION WARNING: “DA Davidson Equities Analysts Raise Earnings Estimates for Applied Materials, Inc. (NASDAQ:AMAT)” was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.com-unik.info/2017/07/23/da-davidson-equities-analysts-raise-earnings-estimates-for-applied-materials-inc-nasdaqamat-updated.html.

Applied Materials (NASDAQ:AMAT) traded down 0.121% during midday trading on Wednesday, reaching $45.225. The company’s stock had a trading volume of 6,941,000 shares. Applied Materials has a 12-month low of $24.43 and a 12-month high of $47.86. The stock has a market cap of $48.60 billion, a P/E ratio of 18.703 and a beta of 1.81. The stock’s 50 day moving average is $44.46 and its 200 day moving average is $38.54. Applied Materials also saw some unusual options trading on Wednesday. Investors acquired 2,307 call options on the stock. This represents an increase of 118% compared to the average volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.03. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Applied Materials’s revenue for the quarter was up 44.7% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Tuesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 16.46%.

Several large investors have recently modified their holdings of the company. Reilly Financial Advisors LLC increased its position in shares of Applied Materials by 78.0% in the first quarter. Reilly Financial Advisors LLC now owns 2,692 shares of the manufacturing equipment provider’s stock worth $105,000 after buying an additional 1,180 shares in the last quarter. Pinnacle Bank acquired a new position in shares of Applied Materials during the first quarter worth approximately $113,000. State of Alaska Department of Revenue acquired a new position in shares of Applied Materials during the first quarter worth approximately $114,000. James Investment Research Inc. increased its position in shares of Applied Materials by 90.6% in the first quarter. James Investment Research Inc. now owns 3,050 shares of the manufacturing equipment provider’s stock worth $119,000 after buying an additional 1,450 shares in the last quarter. Finally, Clean Yield Group acquired a new position in shares of Applied Materials during the first quarter worth approximately $124,000. 79.99% of the stock is owned by institutional investors.

About Applied Materials

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

What are top analysts saying about Applied Materials Inc.? – Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts’ recommendations for for Applied Materials Inc. and related companies.

Leave a Reply

Your email address will not be published.

five × four =