Applied Materials, Inc. (NASDAQ:AMAT) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.94-1.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.91. The company issued revenue guidance of $4.0-4.2 billion, compared to the consensus revenue estimate of $3.97 billion.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Applied Materials from a buy rating to a hold rating in a research note on Monday, August 14th. Vetr raised shares of Applied Materials from a buy rating to a strong-buy rating and set a $48.16 target price on the stock in a research note on Thursday, August 10th. Stifel Nicolaus reaffirmed a buy rating and set a $61.00 target price (up previously from $55.00) on shares of Applied Materials in a research note on Friday, August 18th. Credit Suisse Group lifted their target price on shares of Applied Materials from $5.00 to $62.00 and gave the company an outperform rating in a research note on Friday, August 18th. They noted that the move was a valuation call. Finally, B. Riley reissued a buy rating and set a $61.00 price objective on shares of Applied Materials in a research note on Saturday, August 19th. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $57.14.

Applied Materials, Inc. (AMAT) traded up $2.07 on Thursday, hitting $57.84. 16,463,826 shares of the stock traded hands, compared to its average volume of 9,754,876. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.91 and a quick ratio of 2.25. Applied Materials, Inc. has a 1 year low of $29.54 and a 1 year high of $57.34. The stock has a market capitalization of $61,690.00, a PE ratio of 18.93, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. equities analysts predict that Applied Materials, Inc. will post 3.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. Applied Materials’s dividend payout ratio is currently 14.18%.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexander Karsner sold 22,762 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total transaction of $1,002,210.86. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

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Applied Materials Company Profile

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

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