AMETEK (NYSE:AME) Issues Q4 2024 Earnings Guidance

AMETEK (NYSE:AME) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 1.810-1.860 for the period, compared to the consensus EPS estimate of 1.840. The company issued revenue guidance of -. AMETEK also updated its FY 2024 guidance to 6.770-6.820 EPS.

AMETEK Price Performance

AMETEK stock opened at $178.43 on Friday. The company’s fifty day moving average price is $169.17 and its 200 day moving average price is $168.92. AMETEK has a 1 year low of $141.26 and a 1 year high of $186.32. The stock has a market capitalization of $41.31 billion, a P/E ratio of 31.09, a P/E/G ratio of 2.77 and a beta of 1.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company earned $1.64 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that AMETEK will post 6.76 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. AMETEK’s payout ratio is currently 19.51%.

Analyst Ratings Changes

A number of brokerages have weighed in on AME. Wolfe Research upgraded AMETEK to a “hold” rating in a report on Wednesday, September 18th. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Robert W. Baird reduced their price target on AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Truist Financial lifted their price target on AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a report on Friday. Finally, StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Insider Activity at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by insiders.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.