Media stories about AMTEK (NYSE:AME) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. AMTEK earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.2461143546586 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- AMTEK, Inc. (NYSE:AME) Expected to Post Quarterly Sales of $1.04 Billion (americanbankingnews.com)
- How AMETEK (AME) Stock Stands Out in a Strong Industry (finance.yahoo.com)
- AMTEK, Inc. (NYSE:AME) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Ametek Inc. (finance.yahoo.com)
- Baker Hughes, a GE company (BHGE) Ex-Dividend Date Scheduled for August 09, 2017 – Nasdaq (nasdaq.com)
AMTEK (NYSE AME) traded down 0.26% on Friday, hitting $62.58. 711,889 shares of the company were exchanged. AMTEK has a 52 week low of $43.98 and a 52 week high of $64.97. The company has a market capitalization of $14.44 billion, a price-to-earnings ratio of 27.46 and a beta of 1.34. The stock has a 50 day moving average of $61.84 and a 200 day moving average of $57.74.
AMTEK (NYSE:AME) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. AMTEK had a return on equity of 16.28% and a net margin of 13.26%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share. Analysts predict that AMTEK will post $2.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, September 14th. AMTEK’s dividend payout ratio is currently 15.79%.
AME has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Stifel Nicolaus restated a “buy” rating and issued a $69.00 price target (up previously from $66.00) on shares of AMTEK in a research report on Thursday, June 8th. BMO Capital Markets restated an “outperform” rating and issued a $67.00 price target (up previously from $65.00) on shares of AMTEK in a research report on Wednesday, May 3rd. Cowen and Company restated an “outperform” rating and issued a $66.00 price target (up previously from $62.00) on shares of AMTEK in a research report on Friday, July 7th. Finally, Morgan Stanley boosted their price target on shares of AMTEK from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, May 8th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $65.09.
In other AMTEK news, insider Ronald J. Oscher sold 5,315 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $60.05, for a total transaction of $319,165.75. Following the completion of the transaction, the insider now owns 32,131 shares of the company’s stock, valued at $1,929,466.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizebeth R. Varet sold 3,000 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $61.96, for a total value of $185,880.00. Following the transaction, the director now directly owns 123,880 shares of the company’s stock, valued at approximately $7,675,604.80. The disclosure for this sale can be found here. Insiders have sold 55,370 shares of company stock valued at $3,432,699 in the last three months. Insiders own 2.10% of the company’s stock.
AMTEK Company Profile
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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