Research Analysts Offer Predictions for Applied Materials, Inc.’s FY2017 Earnings (AMAT)

Applied Materials, Inc. (NASDAQ:AMAT) – Stock analysts at KeyCorp raised their FY2017 earnings per share (EPS) estimates for Applied Materials in a report issued on Thursday. KeyCorp analyst W. Twigg now anticipates that the manufacturing equipment provider will post earnings of $3.23 per share for the year, up from their prior forecast of $3.08. KeyCorp currently has a “Overweight” rating and a $5.00 price objective on the stock. KeyCorp also issued estimates for Applied Materials’ Q4 2017 earnings at $0.91 EPS, Q1 2018 earnings at $0.91 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.94 EPS and Q4 2018 earnings at $0.93 EPS.

Other research analysts have also issued research reports about the company. Bank of America Corporation reiterated a “buy” rating and issued a $54.00 target price (up previously from $45.00) on shares of Applied Materials in a research report on Wednesday, May 17th. UBS AG reiterated a “buy” rating and issued a $51.00 target price (up previously from $44.00) on shares of Applied Materials in a research report on Wednesday, May 17th. B. Riley reiterated a “buy” rating and issued a $56.00 target price on shares of Applied Materials in a research report on Saturday, May 20th. Credit Suisse Group upgraded Applied Materials to a “buy” rating and set a $54.00 target price for the company in a research report on Friday, May 19th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $48.00 price target (up previously from $45.00) on shares of Applied Materials in a report on Friday, May 19th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.01.

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Shares of Applied Materials (NASDAQ AMAT) opened at 44.30 on Monday. The firm has a 50-day moving average price of $44.44 and a 200-day moving average price of $41.31. Applied Materials has a 52 week low of $27.56 and a 52 week high of $47.86. The stock has a market cap of $47.45 billion, a PE ratio of 15.75 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Tuesday, August 22nd. Applied Materials’s dividend payout ratio is presently 14.18%.

Several institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group bought a new position in shares of Applied Materials during the first quarter worth about $214,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Applied Materials by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 28,826 shares of the manufacturing equipment provider’s stock worth $1,048,000 after buying an additional 928 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in shares of Applied Materials by 18.9% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 10,948 shares of the manufacturing equipment provider’s stock worth $426,000 after buying an additional 1,742 shares during the last quarter. Patriot Wealth Management Inc. boosted its position in shares of Applied Materials by 2.9% in the first quarter. Patriot Wealth Management Inc. now owns 140,895 shares of the manufacturing equipment provider’s stock worth $5,481,000 after buying an additional 3,943 shares during the last quarter. Finally, V Wealth Management LLC boosted its position in shares of Applied Materials by 8.9% in the first quarter. V Wealth Management LLC now owns 39,713 shares of the manufacturing equipment provider’s stock worth $1,539,000 after buying an additional 3,260 shares during the last quarter. Institutional investors and hedge funds own 79.33% of the company’s stock.

Applied Materials Company Profile

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

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