Applied Materials, Inc. (NASDAQ:AMAT) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.72-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.62. The company issued revenue guidance of $3450-3600, compared to the consensus revenue estimate of $3.21 billion.

Several brokerages have commented on AMAT. Zacks Investment Research upgraded Applied Materials from a hold rating to a buy rating and set a $33.00 target price on the stock in a research note on Wednesday, November 16th. Credit Suisse Group reiterated a buy rating and set a $34.00 target price on shares of Applied Materials in a research note on Wednesday, November 16th. Royal Bank Of Canada increased their target price on Applied Materials from $30.00 to $35.00 and gave the company a sector perform rating in a research note on Thursday. Evercore ISI reiterated a buy rating and set a $38.00 target price (up from $34.00) on shares of Applied Materials in a research note on Friday, December 16th. Finally, Cowen and Company increased their target price on Applied Materials from $33.00 to $40.00 and gave the company an outperform rating in a research note on Monday. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $34.15.

Earnings History and Estimates for Applied Materials (NASDAQ:AMAT)

Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at 35.18 on Friday. Applied Materials, Inc. has a 12-month low of $18.09 and a 12-month high of $35.85. The company has a market capitalization of $37.87 billion, a PE ratio of 22.84 and a beta of 1.81. The firm’s 50-day moving average price is $34.05 and its 200-day moving average price is $30.79.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Wednesday, February 15th. The manufacturing equipment provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.27 billion. Applied Materials had a net margin of 15.90% and a return on equity of 28.09%. During the same period in the previous year, the company earned $0.26 earnings per share. On average, analysts expect that Applied Materials, Inc. will post $2.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, February 22nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, February 17th. Applied Materials’s dividend payout ratio (DPR) is presently 25.64%.

In other Applied Materials news, VP Thomas F. Larkins sold 100,000 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $31.94, for a total value of $3,194,000.00. Following the sale, the vice president now directly owns 482,782 shares of the company’s stock, valued at $15,420,057.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen R. Forrest sold 4,800 shares of the company’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $31.86, for a total transaction of $152,928.00. The disclosure for this sale can be found here. Insiders have sold 125,817 shares of company stock worth $4,018,421 over the last three months. Corporate insiders own 0.31% of the company’s stock.

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Applied Materials Company Profile

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