Applied Materials (NASDAQ:AMAT) Issues Earnings Results

Applied Materials (NASDAQ:AMAT - Get Free Report) announced its quarterly earnings results on Thursday. The manufacturing equipment provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.19 by $0.13, Briefing.com reports. Applied Materials had a net margin of 26.41% and a return on equity of 39.71%. The company had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. During the same quarter in the prior year, the business posted $2.12 EPS. Applied Materials's quarterly revenue was up 4.8% on a year-over-year basis. Applied Materials updated its Q1 2025 guidance to 2.110-2.470 EPS and its Q1 guidance to $2.11-2.47 EPS.

Applied Materials Stock Down 9.2 %

Shares of Applied Materials stock traded down $17.12 on Friday, hitting $168.88. The company had a trading volume of 16,287,484 shares, compared to its average volume of 5,981,500. The firm has a market capitalization of $139.22 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.07 and a beta of 1.56. Applied Materials has a twelve month low of $141.94 and a twelve month high of $255.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.86 and a quick ratio of 2.09. The stock has a 50-day moving average of $190.88 and a 200-day moving average of $206.78.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 0.95%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials's dividend payout ratio (DPR) is presently 18.58%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 target price on shares of Applied Materials in a research note on Friday. Citigroup decreased their price target on shares of Applied Materials from $240.00 to $217.00 and set a "buy" rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company decreased their price target on shares of Applied Materials from $235.00 to $220.00 and set an "overweight" rating on the stock in a research report on Friday. B. Riley decreased their price target on shares of Applied Materials from $300.00 to $280.00 and set a "buy" rating on the stock 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 equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Applied Materials has a consensus rating of "Moderate Buy" and a consensus price target of $219.81.

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.

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