A-Mark Precious Metals (AMRK) Scheduled to Post Quarterly Earnings on Tuesday

A-Mark Precious Metals (NASDAQ:AMRK) is scheduled to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.05 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion.

A-Mark Precious Metals Stock Down 0.1 %

Shares of AMRK stock opened at $41.32 on Monday. A-Mark Precious Metals has a 12 month low of $23.14 and a 12 month high of $42.48. The firm has a market cap of $944.16 million, a PE ratio of 9.16 and a beta of -0.05. The stock has a 50 day moving average of $32.74 and a 200-day moving average of $29.63. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 17.74%.

Insider Activity at A-Mark Precious Metals

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $713,510.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jess M. Ravich purchased 20,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $25.63 per share, for a total transaction of $512,600.00. Following the completion of the transaction, the director now directly owns 143,668 shares of the company’s stock, valued at approximately $3,682,210.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the sale, the chief executive officer now owns 28,202 shares in the company, valued at $713,510.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,637 shares of company stock worth $1,396,360. 23.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. DA Davidson upped their target price on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. B. Riley cut their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, April 26th.

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.