Applied Materials (NASDAQ:AMAT) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.62-0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.77. The company issued revenue guidance of $3.33-3.63 billion, compared to the consensus revenue estimate of $3.66 billion.

A number of research firms have commented on AMAT. Stifel Nicolaus lowered their price objective on Applied Materials from $63.00 to $53.00 and set a buy rating on the stock in a research note on Monday. Zacks Investment Research lowered Applied Materials from a hold rating to a sell rating in a research note on Monday. BidaskClub upgraded Applied Materials from a hold rating to a buy rating in a research note on Saturday, February 9th. ValuEngine lowered Applied Materials from a hold rating to a sell rating in a research note on Monday, February 4th. Finally, Royal Bank of Canada upgraded Applied Materials from a sector perform rating to an outperform rating and raised their price objective for the stock from $38.00 to $45.00 in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. Applied Materials has a consensus rating of Buy and a consensus price target of $50.96.

Shares of NASDAQ AMAT traded down $0.14 during mid-day trading on Thursday, hitting $40.71. 13,890,650 shares of the stock traded hands, compared to its average volume of 12,033,930. The company has a quick ratio of 1.73, a current ratio of 2.64 and a debt-to-equity ratio of 0.78. Applied Materials has a twelve month low of $28.79 and a twelve month high of $62.40. The company has a market cap of $37.91 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.37 and a beta of 1.69.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.97. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4 billion. On average, research analysts anticipate that Applied Materials will post 3.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, February 20th. Applied Materials’s dividend payout ratio (DPR) is 17.98%.

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About Applied Materials

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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

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