Equities research analysts expect that AMETEK, Inc. (NYSE:AME) will announce $1.01 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for AMETEK’s earnings. The highest EPS estimate is $1.02 and the lowest is $1.00. AMETEK posted earnings of $0.82 per share during the same quarter last year, which indicates a positive year over year growth rate of 23.2%. The business is expected to report its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that AMETEK will report full year earnings of $4.10 per share for the current financial year, with EPS estimates ranging from $4.06 to $4.14. For the next year, analysts anticipate that the firm will post earnings of $4.35 per share, with EPS estimates ranging from $4.20 to $4.51. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow AMETEK.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.32 billion. AMETEK had a net margin of 16.32% and a return on equity of 19.27%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share.

Several brokerages have issued reports on AME. Oppenheimer raised their price objective on shares of AMETEK from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. KeyCorp raised their price objective on shares of AMETEK from $94.00 to $100.00 in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of AMETEK from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Thursday, June 13th. ValuEngine downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada set a $95.00 price target on shares of AMETEK and gave the company a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. AMETEK has an average rating of “Buy” and a consensus price target of $94.36.

NYSE AME traded up $0.17 during trading on Monday, hitting $90.87. The stock had a trading volume of 53,824 shares, compared to its average volume of 1,083,226. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 2.17. The stock has a market capitalization of $20.51 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 2.29 and a beta of 1.21. AMETEK has a one year low of $63.14 and a one year high of $92.30. The stock has a 50 day simple moving average of $86.56 and a 200 day simple moving average of $85.51.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, September 13th. AMETEK’s dividend payout ratio is presently 17.02%.

In other news, CFO William Joseph Burke sold 16,322 shares of AMETEK stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $86.51, for a total transaction of $1,412,016.22. Following the completion of the sale, the chief financial officer now owns 86,727 shares of the company’s stock, valued at $7,502,752.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony James Conti sold 1,570 shares of AMETEK stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $87.79, for a total transaction of $137,830.30. Following the sale, the director now directly owns 17,198 shares of the company’s stock, valued at approximately $1,509,812.42. The disclosure for this sale can be found here. Insiders have sold 30,250 shares of company stock valued at $2,628,156 in the last ninety days. Insiders own 0.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. NumerixS Investment Technologies Inc acquired a new position in shares of AMETEK in the 2nd quarter worth approximately $27,000. Capital Bank & Trust Co purchased a new stake in shares of AMETEK in the second quarter worth approximately $29,000. Cornerstone Advisors Inc. lifted its position in shares of AMETEK by 55.2% in the first quarter. Cornerstone Advisors Inc. now owns 388 shares of the technology company’s stock worth $32,000 after purchasing an additional 138 shares in the last quarter. Berman Capital Advisors LLC lifted its position in shares of AMETEK by 51.3% in the second quarter. Berman Capital Advisors LLC now owns 454 shares of the technology company’s stock worth $41,000 after purchasing an additional 154 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in shares of AMETEK in the second quarter worth approximately $52,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. The company's Electronic Instruments segment offers advanced instruments for the process, aerospace, power, and industrial markets; process control 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.

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Earnings History and Estimates for AMETEK (NYSE:AME)

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