AMETEK (AME) Projected to Post Earnings on Thursday

AMETEK (NYSE:AME) is expected to announce its Q1 2025 earnings results before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $1.69 per share and revenue of $1.74 billion for the quarter.

AMETEK (NYSE:AME) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.82 billion. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 EPS. On average, analysts expect AMETEK to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

AMETEK Trading Down 0.3 %

NYSE:AME opened at $166.24 on Tuesday. The company has a market capitalization of $38.36 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.73 and a beta of 1.14. The stock has a fifty day simple moving average of $171.63 and a 200-day simple moving average of $179.53. AMETEK has a 52-week low of $145.02 and a 52-week high of $198.33. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.15.

AMETEK announced that its board has initiated a share buyback program on Friday, February 7th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the technology company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.31 dividend. This is a boost from AMETEK’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.24 annualized dividend and a yield of 0.75%. AMETEK’s payout ratio is 20.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AME shares. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, April 11th. Morgan Stanley initiated coverage on shares of AMETEK in a report on Monday, April 14th. They set an “equal weight” rating and a $170.00 price objective for the company. Robert W. Baird decreased their price target on shares of AMETEK from $200.00 to $197.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Truist Financial decreased their price target on shares of AMETEK from $216.00 to $196.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, BNP Paribas raised shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 target price for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.60.

Insider Activity at AMETEK

In other news, Director Thomas A. Amato sold 710 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $176.64, for a total transaction of $125,414.40. Following the completion of the transaction, the director now directly owns 10,560 shares in the company, valued at approximately $1,865,318.40. The trade was a 6.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven W. Kohlhagen sold 1,320 shares of AMETEK stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $189.41, for a total value of $250,021.20. Following the transaction, the director now owns 22,029 shares in the company, valued at $4,172,512.89. This trade represents a 5.65 % decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company 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.