Applied Materials (AMAT) Scheduled to Post Earnings on Thursday

Applied Materials (NASDAQ:AMAT) will be releasing its earnings data after the market closes on Thursday, November 14th. Analysts expect Applied Materials to post earnings of $2.18 per share for the quarter. Applied Materials has set its Q4 guidance at $2.00-2.36 EPS and its Q4 2024 guidance at 2.000-2.360 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the firm earned $1.90 EPS. Applied Materials’s revenue for the quarter was up 5.5% on a year-over-year basis. 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 Stock Up 0.6 %

Shares of AMAT stock opened at $187.52 on Thursday. The stock’s 50 day simple moving average is $191.07 and its 200 day simple moving average is $207.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.09 and a current ratio of 2.86. Applied Materials has a twelve month low of $139.69 and a twelve month high of $255.89. The company has a market capitalization of $154.59 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.24 and a beta of 1.56.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. Applied Materials’s payout ratio is 17.98%.

Analyst Ratings Changes

A number of research firms have commented on AMAT. Citigroup reduced their price target on shares of Applied Materials from $240.00 to $217.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Stifel Nicolaus dropped their price objective on Applied Materials from $275.00 to $270.00 and set a “buy” rating for the company in a report on Friday, August 16th. UBS Group reduced their price target on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Dbs Bank lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Applied Materials from $260.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, August 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and an average target price of $229.14.

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.