AMETEK, Inc. (NYSE:AME) Forecasted to Post Q4 2024 Earnings of $1.86 Per Share

AMETEK, Inc. (NYSE:AMEFree Report) – Stock analysts at Seaport Res Ptn lifted their Q4 2024 earnings estimates for shares of AMETEK in a research note issued to investors on Tuesday, February 6th. Seaport Res Ptn analyst S. Graham now anticipates that the technology company will post earnings of $1.86 per share for the quarter, up from their previous estimate of $1.84. The consensus estimate for AMETEK’s current full-year earnings is $6.80 per share. Seaport Res Ptn also issued estimates for AMETEK’s Q1 2025 earnings at $1.78 EPS.

AMETEK (NYSE:AMEGet Free Report) last released its earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.06. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.73 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS.

Other equities analysts have also recently issued reports about the company. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Royal Bank of Canada reduced their target price on AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research note on Wednesday. KeyCorp raised their price objective on AMETEK from $176.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, TD Cowen cut AMETEK from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $165.00 to $160.00 in a research note on Monday, November 27th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.25.

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AMETEK Stock Down 0.2 %

AME opened at $166.38 on Thursday. The firm has a 50 day moving average price of $162.71 and a 200 day moving average price of $155.99. The company has a market cap of $38.40 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.55 and a beta of 1.21. AMETEK has a 1 year low of $131.52 and a 1 year high of $168.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 0.98.

Institutional Trading of AMETEK

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in AMETEK by 1.9% in the first quarter. Vanguard Group Inc. now owns 24,608,566 shares of the technology company’s stock worth $3,277,369,000 after purchasing an additional 463,926 shares in the last quarter. BlackRock Inc. increased its holdings in shares of AMETEK by 5.4% in the second quarter. BlackRock Inc. now owns 17,085,162 shares of the technology company’s stock worth $2,765,746,000 after acquiring an additional 870,060 shares in the last quarter. State Street Corp boosted its position in shares of AMETEK by 1.5% during the second quarter. State Street Corp now owns 8,972,142 shares of the technology company’s stock worth $1,452,410,000 after buying an additional 134,989 shares during the period. Geode Capital Management LLC boosted its position in AMETEK by 2.4% during the second quarter. Geode Capital Management LLC now owns 4,847,872 shares of the technology company’s stock valued at $782,696,000 after purchasing an additional 114,598 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of AMETEK by 19.2% in the third quarter. Morgan Stanley now owns 4,189,108 shares of the technology company’s stock valued at $618,983,000 after buying an additional 674,549 shares during the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 810 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $155.09, for a total transaction of $125,622.90. Following the sale, the director now directly owns 29,454 shares in the company, valued at $4,568,020.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.

About AMETEK

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AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.Its EMG segment offers engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers.

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Earnings History and Estimates for AMETEK (NYSE:AME)

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