Amentum (NYSE:AMTM) Shares Gap Up on Earnings Beat

Amentum Holdings, Inc. (NYSE:AMTM) gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $23.94, but opened at $25.52. Amentum shares last traded at $24.36, with a volume of 453,839 shares trading hands.

The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.47 billion. Amentum had a net margin of 1.04% and a return on equity of 11.74%. Amentum’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS.

Analysts Set New Price Targets

AMTM has been the topic of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a research note on Tuesday. BTIG Research reaffirmed a “buy” rating and set a $35.00 price objective on shares of Amentum in a research note on Thursday. Royal Bank Of Canada dropped their price objective on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Weiss Ratings cut shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley initiated coverage on shares of Amentum in a research note on Wednesday. They set an “equal weight” rating and a $30.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Amentum currently has an average rating of “Hold” and a consensus price target of $33.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC purchased a new position in shares of Amentum during the 4th quarter valued at approximately $26,000. NFSG Corp purchased a new position in shares of Amentum during the 1st quarter valued at approximately $35,000. Financial Consulate Inc. purchased a new position in Amentum in the 4th quarter valued at $38,000. Sound Income Strategies LLC lifted its holdings in Amentum by 45.3% in the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock valued at $40,000 after purchasing an additional 425 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its holdings in Amentum by 98.6% in the 4th quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock valued at $41,000 after purchasing an additional 648 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Stock Up 0.3%

The business has a fifty day simple moving average of $26.93 and a two-hundred day simple moving average of $28.58. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 0.83. The company has a market cap of $5.66 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 0.71 and a beta of 0.43.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.