Zacks Research Has Bearish Estimate for AMAT FY2027 Earnings

Applied Materials, Inc. (NASDAQ:AMAT) – Analysts at Zacks Research decreased their FY2027 EPS estimates for Applied Materials in a research note issued on Friday, January 17th. Zacks Research analyst R. Department now expects that the manufacturing equipment provider will post earnings per share of $10.70 for the year, down from their prior estimate of $10.78. The consensus estimate for Applied Materials’ current full-year earnings is $9.37 per share.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 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 company had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.96 billion. During the same period last year, the business posted $2.12 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year.

Other analysts also recently issued research reports about the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price target on shares of Applied Materials in a research report on Friday, November 15th. Bank of America reduced their price objective on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Needham & Company LLC cut their price target on Applied Materials from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, KeyCorp raised Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price objective for the company in a report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Applied Materials currently has an average rating of “Moderate Buy” and a consensus target price of $218.95.

Applied Materials Trading Up 3.0 %

NASDAQ AMAT opened at $192.05 on Monday. 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 has a 52 week low of $156.78 and a 52 week high of $255.89. The business has a 50 day moving average price of $173.10 and a 200-day moving average price of $190.58. The company has a market cap of $156.27 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 1.75 and a beta of 1.53.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMAT. Van ECK Associates Corp lifted its holdings in Applied Materials by 29.8% during the third quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock valued at $1,327,707,000 after purchasing an additional 1,509,439 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Applied Materials by 8.6% in the fourth quarter. Nordea Investment Management AB now owns 2,077,107 shares of the manufacturing equipment provider’s stock valued at $340,895,000 after purchasing an additional 164,085 shares during the period. WoodTrust Financial Corp lifted its stake in shares of Applied Materials by 47.0% during the 3rd quarter. WoodTrust Financial Corp now owns 67,915 shares of the manufacturing equipment provider’s stock valued at $13,722,000 after buying an additional 21,699 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Applied Materials by 1.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,139,114 shares of the manufacturing equipment provider’s stock worth $230,158,000 after buying an additional 15,183 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Applied Materials by 62.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,698,282 shares of the manufacturing equipment provider’s stock valued at $343,138,000 after buying an additional 653,739 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Announces Dividend

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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, February 20th. Applied Materials’s dividend payout ratio is currently 18.58%.

Applied Materials Company Profile

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.