AMETEK (AME) Projected to Post Earnings on Tuesday

AMETEK (NYSE:AME - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect AMETEK to post earnings of $1.85 per share and revenue of $1.82 billion for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm earned $1.64 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts expect AMETEK to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

AMETEK Stock Down 1.1 %

Shares of AMETEK stock traded down $2.01 during trading hours on Tuesday, reaching $182.94. 1,030,007 shares of the company's stock were exchanged, compared to its average volume of 1,281,685. The stock has a market cap of $42.32 billion, a P/E ratio of 31.87, a P/E/G ratio of 2.73 and a beta of 1.16. The company has a 50 day moving average of $186.30 and a two-hundred day moving average of $176.11. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. AMETEK has a fifty-two week low of $149.03 and a fifty-two week high of $198.33.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.28 per share. The ex-dividend date was Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.61%. AMETEK's dividend payout ratio (DPR) is presently 19.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AME shares. Mizuho upped their price objective on AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. StockNews.com upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Tuesday. Truist Financial boosted their price objective on shares of AMETEK from $221.00 to $222.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Robert W. Baird raised their target price on shares of AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Finally, KeyCorp upped their price objective on AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $203.44.

Insider Buying and Selling at AMETEK

In other AMETEK news, insider Tony J. Ciampitti sold 16,210 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the sale, the insider now owns 49,490 shares of the company's stock, valued at $9,750,024.90. The trade was a 24.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Emanuela Speranza sold 6,747 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the transaction, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. This represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,200 shares of company stock valued at $5,707,620 in the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.