Applied Materials (NASDAQ:AMAT) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.72-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.76. The company issued revenue guidance of $3.535-3.835 billion, compared to the consensus revenue estimate of $3.66 billion.Applied Materials also updated its Q4 2019 guidance to $0.72-0.80 EPS.
AMAT traded up $0.45 during trading on Thursday, reaching $47.16. The company had a trading volume of 7,169,270 shares, compared to its average volume of 10,039,060. The stock has a market cap of $44.15 billion, a P/E ratio of 10.60, a PEG ratio of 2.35 and a beta of 1.68. The business has a 50 day simple moving average of $47.06 and a 200-day simple moving average of $42.49. Applied Materials has a 52 week low of $28.79 and a 52 week high of $52.42. The company has a quick ratio of 1.77, a current ratio of 2.79 and a debt-to-equity ratio of 0.65.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. Applied Materials had a return on equity of 47.88% and a net margin of 22.10%. Applied Materials’s revenue was down 14.4% on a year-over-year basis. During the same period last year, the company earned $1.20 earnings per share. As a group, equities research analysts expect that Applied Materials will post 2.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 22nd will be given a $0.21 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.84 dividend on an annualized basis and a yield of 1.78%. Applied Materials’s dividend payout ratio is presently 18.88%.
A number of analysts recently issued reports on AMAT shares. Bank of America restated a neutral rating and issued a $52.00 price target (up from $45.00) on shares of Applied Materials in a research report on Friday, May 17th. Stifel Nicolaus set a $57.00 price target on Applied Materials and gave the stock a buy rating in a research report on Monday. DA Davidson downgraded Applied Materials from a buy rating to a neutral rating and lowered their price target for the stock from $55.00 to $45.00 in a research report on Monday, July 8th. Goldman Sachs Group downgraded Applied Materials from a buy rating to a neutral rating in a research report on Monday, July 22nd. Finally, BidaskClub downgraded Applied Materials from a buy rating to a hold rating in a research report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $51.00.
About Applied Materials
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.
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