Applied Materials (AMAT) Posts Earnings Results, Beats Estimates By $0.08 EPS

Applied Materials (NASDAQ:AMAT) posted its quarterly earnings data on Wednesday. The manufacturing equipment provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.08, Bloomberg Earnings reports. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. During the same period last year, the firm earned $0.67 EPS. Applied Materials updated its Q2 guidance to $1.10-1.18 EPS.

Shares of Applied Materials (AMAT) opened at $52.20 on Thursday. Applied Materials has a 1 year low of $34.58 and a 1 year high of $60.89. The firm has a market capitalization of $54,740.00, a PE ratio of 16.47, a P/E/G ratio of 0.97 and a beta of 1.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 24th will be given a dividend of $0.20 per share. This is an increase from Applied Materials’s previous quarterly dividend of $0.10. This represents a $0.80 dividend on an annualized basis and a yield of 1.53%. Applied Materials’s dividend payout ratio (DPR) is 12.62%.

In other Applied Materials news, VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $51.47, for a total transaction of $6,440,183.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Omkaram Nalamasu sold 53,466 shares of Applied Materials stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $53.00, for a total value of $2,833,698.00. The disclosure for this sale can be found here. Insiders have sold 312,716 shares of company stock worth $16,218,746 over the last ninety days. Company insiders own 0.35% of the company’s stock.

AMAT has been the topic of a number of recent analyst reports. Deutsche Bank lifted their price objective on Applied Materials from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Bank of America lifted their price objective on Applied Materials from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. B. Riley reiterated a “buy” rating and issued a $63.00 price objective on shares of Applied Materials in a research note on Monday, November 13th. Royal Bank of Canada reiterated a “buy” rating on shares of Applied Materials in a research note on Friday, October 27th. Finally, Nomura reiterated a “buy” rating and issued a $65.00 price objective (up from $55.00) on shares of Applied Materials in a research note on Tuesday, November 21st. Two analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $63.56.

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About Applied Materials

Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.

Earnings History for Applied Materials (NASDAQ:AMAT)

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