AMTEK (AME) Earning Somewhat Positive Press Coverage, Study Finds
News stories about AMTEK (NYSE:AME) have been trending somewhat positive on Friday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AMTEK earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 47.1768449876834 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Edited Transcript of AME earnings conference call or presentation 2-Nov-17 12:30pm GMT (finance.yahoo.com)
- AMETEK Inc (AME): Poised For Long-Term Success? (finance.yahoo.com)
- AMETEK (AME) Q3 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
- Ametek Inc. Earnings Advance 17% In Q3 – Nasdaq (nasdaq.com)
- AMETEK Announces Record Third Quarter 2017 Results And Raises Full Year 2017 Guidance (finance.yahoo.com)
AMTEK (NYSE:AME) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of AMTEK from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Jefferies Group LLC boosted their price target on shares of AMTEK from $66.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Royal Bank Of Canada restated a “buy” rating and set a $70.00 price target on shares of AMTEK in a research report on Friday, October 13th. Robert W. Baird restated a “buy” rating and set a $70.00 price target on shares of AMTEK in a research report on Friday, October 6th. Finally, Stifel Nicolaus set a $70.00 price target on shares of AMTEK and gave the company a “buy” rating in a research report on Friday, October 6th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $69.00.
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In related news, Director Elizebeth R. Varet sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $63.24, for a total transaction of $189,720.00. Following the completion of the transaction, the director now directly owns 117,880 shares of the company’s stock, valued at $7,454,731.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank S. Hermance sold 150,840 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $66.38, for a total transaction of $10,012,759.20. Following the transaction, the insider now directly owns 2,191,341 shares of the company’s stock, valued at $145,461,215.58. The disclosure for this sale can be found here. Insiders have sold 170,655 shares of company stock valued at $11,315,338 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.
AMTEK Company Profile
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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