Brokers Offer Predictions for AMRK FY2027 Earnings

Key Points

• DA Davidson projects A-Mark Precious Metals will achieve earnings per share of $3.78 for FY2027, compared to the current consensus estimate of $2.11 per share.
• The stock has recently been given a buy rating by multiple analysts, with an average target price set at $33.00 and a "Moderate Buy" consensus rating.
• A-Mark Precious Metals has announced a quarterly dividend of $0.20, yielding 3.3%, reflecting a payout ratio of 54.05%.

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) - DA Davidson issued their FY2027 earnings per share estimates for shares of A-Mark Precious Metals in a report issued on Wednesday, September 10th. DA Davidson analyst M. Baker anticipates that the company will post earnings per share of $3.78 for the year. DA Davidson has a "Buy" rating and a $29.00 price objective on the stock. The consensus estimate for A-Mark Precious Metals' current full-year earnings is $2.11 per share.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.57 by $0.19. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.91 billion. A-Mark Precious Metals had a return on equity of 7.77% and a net margin of 0.16%.During the same period last year, the business posted $0.76 EPS.

Several other analysts have also recently issued reports on AMRK. Roth Capital raised A-Mark Precious Metals to a "strong-buy" rating in a research report on Wednesday, September 10th. Zacks Research raised A-Mark Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, A-Mark Precious Metals presently has a consensus rating of "Buy" and a consensus target price of $33.00.

A-Mark Precious Metals Trading Up 2.7%

AMRK traded up $0.73 during trading on Thursday, hitting $27.83. 199,980 shares of the stock were exchanged, compared to its average volume of 266,676. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.42 and a current ratio of 1.56. The firm has a market cap of $685.73 million, a price-to-earnings ratio of 40.30 and a beta of 0.16. The firm has a 50 day simple moving average of $23.05 and a 200 day simple moving average of $23.29. A-Mark Precious Metals has a 1 year low of $19.39 and a 1 year high of $46.31.

Institutional Trading of A-Mark Precious Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of A-Mark Precious Metals by 624.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company's stock valued at $48,000 after buying an additional 1,847 shares during the last quarter. Cannell Capital LLC increased its stake in A-Mark Precious Metals by 22.3% during the 2nd quarter. Cannell Capital LLC now owns 228,384 shares of the company's stock worth $5,066,000 after buying an additional 41,608 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of A-Mark Precious Metals by 147.1% during the 2nd quarter. Engineers Gate Manager LP now owns 43,123 shares of the company's stock worth $956,000 after purchasing an additional 25,674 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of A-Mark Precious Metals by 574.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 48,204 shares of the company's stock worth $1,069,000 after purchasing an additional 41,052 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in A-Mark Precious Metals by 53.6% in the second quarter. Bridgeway Capital Management LLC now owns 164,732 shares of the company's stock valued at $3,654,000 after acquiring an additional 57,468 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company's stock.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, July 18th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 2.9%. A-Mark Precious Metals's payout ratio is currently 115.94%.

A-Mark Precious Metals Company Profile

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.