Applied Materials, Inc. (NASDAQ:AMAT) – Equities research analysts at DA Davidson lifted their Q1 2018 EPS estimates for shares of Applied Materials in a report issued on Friday. DA Davidson analyst T. Diffely now expects that the manufacturing equipment provider will post earnings per share of $0.98 for the quarter, up from their prior forecast of $0.92. DA Davidson currently has a “Buy” rating and a $55.00 target price on the stock. DA Davidson also issued estimates for Applied Materials’ Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $1.00 EPS, FY2018 earnings at $3.90 EPS, Q1 2019 earnings at $1.03 EPS, Q2 2019 earnings at $1.09 EPS, Q3 2019 earnings at $1.18 EPS and Q4 2019 earnings at $1.20 EPS.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. Applied Materials’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. COPYRIGHT VIOLATION NOTICE: “Q1 2018 EPS Estimates for Applied Materials, Inc. Lifted by DA Davidson (AMAT)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/q1-2018-eps-estimates-for-applied-materials-inc-lifted-by-da-davidson-amat/1719808.html.

Several other research firms also recently commented on AMAT. Vetr downgraded Applied Materials from a “buy” rating to a “hold” rating and set a $61.08 price objective on the stock. in a report on Tuesday. Nomura restated a “buy” rating and set a $65.00 price objective (up from $55.00) on shares of Applied Materials in a report on Tuesday. Royal Bank Of Canada raised their price objective on Applied Materials from $55.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, November 17th. Deutsche Bank AG raised their price objective on Applied Materials from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, Credit Suisse Group raised their price objective on Applied Materials from $62.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, November 17th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $60.83.

Applied Materials (NASDAQ AMAT) traded down $0.88 on Monday, reaching $57.92. The company’s stock had a trading volume of 2,507,557 shares, compared to its average volume of 9,886,889. The stock has a market cap of $61,900.00, a P/E ratio of 17.73, a P/E/G ratio of 1.10 and a beta of 1.85. Applied Materials has a one year low of $29.85 and a one year high of $60.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be given a dividend of $0.10 per share. The ex-dividend date 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 12.62%.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction dated Thursday, October 5th. The stock was 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 is accessible through this link. Insiders own 0.31% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. LeJeune Puetz Investment Counsel LLC acquired a new stake in Applied Materials during the 3rd quarter worth about $105,000. MPS Loria Financial Planners LLC acquired a new position in shares of Applied Materials in the 2nd quarter valued at about $109,000. Wunderlich Capital Managemnt lifted its holdings in shares of Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after buying an additional 87 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Applied Materials by 145.4% in the 2nd quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after buying an additional 1,817 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Applied Materials in the 2nd quarter valued at about $134,000. 78.79% of the stock is owned by institutional investors.

Applied Materials Company Profile

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

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