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Analysts Anticipate Applied Materials, Inc. (NASDAQ:AMAT) to Post $1.17 Earnings Per Share

Last updated on Wednesday, September 30, 2020 | 2020 MarketBeat

Analysts predict that Applied Materials, Inc. (NASDAQ:AMAT) will post earnings of $1.17 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Applied Materials' earnings. The highest EPS estimate is $1.17 and the lowest is $1.15. Applied Materials posted earnings per share of $0.80 during the same quarter last year, which would indicate a positive year over year growth rate of 46.3%. The company is expected to announce its next earnings results on Thursday, November 12th.

On average, analysts expect that Applied Materials will report full year earnings of $4.07 per share for the current fiscal year, with EPS estimates ranging from $3.92 to $4.09. For the next financial year, analysts anticipate that the firm will post earnings of $4.61 per share, with EPS estimates ranging from $4.30 to $4.91. Zacks' EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Applied Materials.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.11. Applied Materials had a net margin of 19.58% and a return on equity of 38.81%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the firm posted $0.74 EPS.

A number of equities analysts recently commented on AMAT shares. B. Riley lifted their target price on shares of Applied Materials from $72.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Susquehanna Bancshares lifted their target price on shares of Applied Materials from $74.00 to $85.00 in a research report on Friday, August 14th. Craig Hallum lifted their target price on shares of Applied Materials from $79.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. KeyCorp lifted their target price on shares of Applied Materials from $76.00 to $81.00 and gave the stock an "overweight" rating in a research report on Friday, August 14th. Finally, Wells Fargo & Company lifted their target price on shares of Applied Materials from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company. Applied Materials presently has an average rating of "Buy" and a consensus target price of $73.38.

Shares of NASDAQ AMAT traded down $0.20 during mid-day trading on Wednesday, reaching $59.45. 8,987,443 shares of the company were exchanged, compared to its average volume of 8,783,646. Applied Materials has a 52 week low of $36.64 and a 52 week high of $69.90. The company has a quick ratio of 1.94, a current ratio of 2.86 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $54.29 billion, a PE ratio of 17.28, a PEG ratio of 1.13 and a beta of 1.32. The company's 50 day moving average price is $60.81 and its 200 day moving average price is $56.45.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.88 annualized dividend and a dividend yield of 1.48%. Applied Materials's dividend payout ratio is presently 28.95%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Applied Materials by 7.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,200,741 shares of the manufacturing equipment provider's stock worth $72,584,000 after buying an additional 83,056 shares in the last quarter. Capital Advisors Inc. OK lifted its stake in shares of Applied Materials by 2.9% in the second quarter. Capital Advisors Inc. OK now owns 264,095 shares of the manufacturing equipment provider's stock worth $16,799,000 after buying an additional 7,529 shares in the last quarter. Bridgeway Capital Management Inc. bought a new position in shares of Applied Materials in the second quarter worth approximately $1,971,000. Lumbard & Kellner LLC lifted its position in Applied Materials by 349.7% during the second quarter. Lumbard & Kellner LLC now owns 68,373 shares of the manufacturing equipment provider's stock valued at $4,133,000 after purchasing an additional 53,170 shares during the period. Finally, Neuberger Berman Group LLC lifted its position in Applied Materials by 45.8% during the second quarter. Neuberger Berman Group LLC now owns 45,011 shares of the manufacturing equipment provider's stock valued at $2,692,000 after purchasing an additional 14,146 shares during the period. Hedge funds and other institutional investors own 79.23% of the company's stock.

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

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