Applied Materials (AMAT) Expected to Announce Quarterly Earnings on Thursday

Applied Materials (NASDAQ:AMAT) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Applied Materials to post earnings of $2.28 per share and revenue of $7.16 billion for the quarter. Applied Materials has set its Q1 2025 guidance at 2.110-2.470 EPS and its Q1 guidance at $2.11-2.47 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.13. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The business had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.96 billion. During the same period in the previous year, the firm earned $2.12 EPS. Applied Materials’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts expect Applied Materials to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Applied Materials Trading Up 1.2 %

Shares of NASDAQ:AMAT opened at $180.67 on Thursday. The firm has a market cap of $146.83 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.84 and a beta of 1.53. The company’s fifty day simple moving average is $174.67 and its 200 day simple moving average is $185.92. Applied Materials has a 12 month low of $158.96 and a 12 month high of $255.89. The company has a quick ratio of 1.87, a current ratio of 2.51 and a debt-to-equity ratio of 0.29.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, February 20th. Applied Materials’s payout ratio is 18.58%.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of recent research reports. Needham & Company LLC reduced their price objective on shares of Applied Materials from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Evercore ISI cut their target price on shares of Applied Materials from $260.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. KeyCorp raised Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price target on the stock in a research report on Friday, January 17th. Barclays cut their price objective on Applied Materials from $225.00 to $200.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, TD Cowen decreased their target price on Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $218.71.

About Applied Materials

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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.