Applied Materials (AMAT) to Release Quarterly Earnings on Thursday

Applied Materials (NASDAQ:AMAT) will be issuing its quarterly earnings data after the market closes on Thursday, May 16th. Analysts expect the company to announce earnings of $1.96 per share for the quarter. Applied Materials has set its Q2 guidance at $1.79-$2.15 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, February 15th. The manufacturing equipment provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.23. Applied Materials had a net margin of 27.03% and a return on equity of 43.56%. The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.48 billion. During the same period in the prior year, the firm earned $2.03 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts expect Applied Materials to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Applied Materials Stock Up 0.0 %

NASDAQ:AMAT opened at $207.36 on Thursday. Applied Materials has a 1-year low of $112.86 and a 1-year high of $214.91. The company has a 50-day moving average of $204.09 and a 200 day moving average of $175.05. The firm has a market cap of $172.30 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 3.05 and a beta of 1.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.71 and a quick ratio of 1.91.

Applied Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 23rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a positive change from Applied Materials’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a yield of 0.77%. Applied Materials’s dividend payout ratio is 15.06%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Applied Materials from $175.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Raymond James increased their price target on shares of Applied Materials from $180.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Cantor Fitzgerald raised shares of Applied Materials from a “neutral” rating to an “overweight” rating and increased their price target for the company from $220.00 to $260.00 in a research report on Monday, April 8th. Morgan Stanley increased their price target on shares of Applied Materials from $142.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Finally, TD Cowen increased their price target on shares of Applied Materials from $185.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, Applied Materials has a consensus rating of “Moderate Buy” and a consensus price target of $201.50.

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.