Analysts forecast that AMTEK, Inc. (NYSE:AME) will post sales of $1.04 billion for the current quarter, according to Zacks. Six analysts have issued estimates for AMTEK’s earnings, with the lowest sales estimate coming in at $1.03 billion and the highest estimate coming in at $1.05 billion. AMTEK posted sales of $945.03 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 7th.

On average, analysts expect that AMTEK will report full-year sales of $1.04 billion for the current year, with estimates ranging from $4.07 billion to $4.22 billion. For the next fiscal year, analysts expect that the business will post sales of $4.41 billion per share, with estimates ranging from $4.21 billion to $4.50 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for AMTEK.

AMTEK (NYSE:AME) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. The business had revenue of $1.06 billion for 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 firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS.

AME has been the topic of a number of recent research reports. Zacks Investment Research raised shares of AMTEK from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Monday, June 5th. Morgan Stanley raised their price objective on shares of AMTEK from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $67.00 price objective on shares of AMTEK in a research note on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $67.00 price objective on shares of AMTEK in a research note on Tuesday, June 6th. Finally, BidaskClub lowered shares of AMTEK from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $64.91.

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In other AMTEK news, Director Elizebeth R. Varet sold 3,000 shares of AMTEK stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $63.24, for a total value of $189,720.00. Following the sale, the director now owns 117,880 shares of the company’s stock, valued at $7,454,731.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Wesley Hardin sold 2,600 shares of AMTEK stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $64.51, for a total transaction of $167,726.00. Following the completion of the sale, the insider now directly owns 59,698 shares in the company, valued at approximately $3,851,117.98. The disclosure for this sale can be found here. Insiders have sold 13,100 shares of company stock worth $828,041 over the last three months. 2.10% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of AMTEK by 3,109.3% in the first quarter. BlackRock Inc. now owns 13,823,451 shares of the technology company’s stock valued at $747,572,000 after buying an additional 13,392,716 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of AMTEK by 22,076.4% in the second quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock valued at $387,870,000 after buying an additional 6,374,794 shares in the last quarter. Boston Partners raised its stake in shares of AMTEK by 534.8% in the first quarter. Boston Partners now owns 3,439,416 shares of the technology company’s stock valued at $186,004,000 after buying an additional 2,897,568 shares in the last quarter. American Century Companies Inc. raised its stake in shares of AMTEK by 115.2% in the first quarter. American Century Companies Inc. now owns 2,777,068 shares of the technology company’s stock valued at $150,184,000 after buying an additional 1,486,889 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of AMTEK by 9.0% in the first quarter. Wellington Management Group LLP now owns 10,528,307 shares of the technology company’s stock valued at $569,372,000 after buying an additional 868,895 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

AMTEK (NYSE:AME) traded down 0.03% during midday trading on Tuesday, reaching $63.23. 1,101,547 shares of the company traded hands. The company has a 50 day moving average of $62.51 and a 200-day moving average of $58.83. AMTEK has a 12-month low of $43.98 and a 12-month high of $64.97. The stock has a market capitalization of $14.59 billion, a P/E ratio of 27.74 and a beta of 1.34.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, September 14th. AMTEK’s payout ratio is currently 15.79%.

About AMTEK

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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Earnings History and Estimates for AMTEK (NYSE:AME)

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