AMTEK (AME) Given News Impact Score of 0.20
Press coverage about AMTEK (NYSE:AME) has been trending somewhat positive on Thursday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. AMTEK earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.7292654869725 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- AMETEK, Inc. (AME) Expects Minor Fall In Growth – Morning Outlook (morningoutlook.com)
- ETFs with exposure to AMETEK, Inc. : December 12, 2017 (finance.yahoo.com)
- AMTEK’s (AME) Buy Rating Reaffirmed at BMO Capital Markets (americanbankingnews.com)
- David A. Zapico Sells 25,965 Shares of AMTEK, Inc. (AME) Stock (americanbankingnews.com)
- Stifel Nicolaus Reiterates “Buy” Rating for AMTEK (AME) (americanbankingnews.com)
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded AMTEK from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $70.00 price objective on shares of AMTEK in a report on Friday, October 13th. BMO Capital Markets lifted their price objective on AMTEK from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Oppenheimer lifted their price objective on AMTEK to $75.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. AMTEK has an average rating of “Buy” and an average price target of $72.00.
AMTEK (NYSE:AME) traded down $0.75 during midday trading on Thursday, reaching $70.96. The company’s stock had a trading volume of 806,958 shares, compared to its average volume of 1,332,736. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $16,670.48, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 2.35 and a beta of 1.36. AMTEK has a 12 month low of $48.21 and a 12 month high of $73.06.
AMTEK (NYSE:AME) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. AMTEK’s quarterly revenue was up 14.8% compared to the same quarter last year. equities analysts expect that AMTEK will post 2.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Tuesday, December 5th. AMTEK’s dividend payout ratio (DPR) is currently 15.13%.
In other news, VP Thomas M. Montgomery sold 1,800 shares of AMTEK stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.35, for a total value of $126,630.00. Following the completion of the transaction, the vice president now owns 19,947 shares in the company, valued at $1,403,271.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizebeth R. Varet sold 3,050 shares of AMTEK stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $71.83, for a total transaction of $219,081.50. Following the completion of the transaction, the director now owns 117,930 shares of the company’s stock, valued at approximately $8,470,911.90. The disclosure for this sale can be found here. Insiders sold 196,970 shares of company stock valued at $13,238,102 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.
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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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