Applied Materials (AMAT) Set to Announce Earnings on Thursday

Applied Materials (NASDAQ:AMAT - Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of $2.18 per share for the quarter. Applied Materials has set its Q4 guidance at $2.00-2.36 EPS and its Q4 2024 guidance at 2.000-2.360 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 EPS for the quarter, topping the consensus estimate of $2.02 by $0.10. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The company had revenue of $6.78 billion during the quarter, compared to analysts' expectations of $6.68 billion. During the same period last year, the company posted $1.90 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect Applied Materials to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Applied Materials Trading Up 3.5 %

Shares of AMAT traded up $6.57 during midday trading on Thursday, hitting $194.09. The stock had a trading volume of 5,263,390 shares, compared to its average volume of 6,064,624. Applied Materials has a fifty-two week low of $141.61 and a fifty-two week high of $255.89. The business has a 50-day simple moving average of $191.07 and a two-hundred day simple moving average of $207.37. The firm has a market cap of $160.01 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.56. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, November 21st. Applied Materials's payout ratio is 17.98%.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMAT shares. Morgan Stanley decreased their target price on shares of Applied Materials from $224.00 to $185.00 and set an "equal weight" rating for the company in a report on Tuesday, September 17th. UBS Group reduced their price target on shares of Applied Materials from $220.00 to $210.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. B. Riley reduced their price target on shares of Applied Materials from $300.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, August 16th. Stifel Nicolaus reduced their price target on shares of Applied Materials from $275.00 to $270.00 and set a "buy" rating for the company in a research report on Friday, August 16th. Finally, Dbs Bank lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Applied Materials has a consensus rating of "Moderate Buy" and an average target price of $229.14.

Applied Materials Company Profile

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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.