A-Mark Precious Metals (AMRK) to Release Quarterly Earnings on Wednesday

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.98 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. The business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.64 billion.

A-Mark Precious Metals Stock Down 0.5 %

A-Mark Precious Metals stock traded down $0.19 during midday trading on Wednesday, hitting $39.10. 107,517 shares of the stock were exchanged, compared to its average volume of 351,654. A-Mark Precious Metals has a 1 year low of $23.14 and a 1 year high of $47.39. The firm has a market cap of $893.63 million, a P/E ratio of 12.05 and a beta of -0.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.39. The company has a 50 day moving average price of $41.72 and a two-hundred day moving average price of $38.29.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals's payout ratio is currently 24.54%.

Insider Activity

In other news, Director Michael R. Wittmeyer sold 10,975 shares of A-Mark Precious Metals stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the completion of the transaction, the director now directly owns 292,535 shares of the company's stock, valued at approximately $12,666,765.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 shares of the business's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following the completion of the transaction, the director now directly owns 292,535 shares of the company's stock, valued at $12,666,765.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory N. Roberts sold 22,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the transaction, the chief executive officer now directly owns 28,202 shares of the company's stock, valued at $1,281,498.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 110,316 shares of company stock valued at $4,911,036. Company insiders own 23.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMRK shares. DA Davidson boosted their target price on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. StockNews.com downgraded shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, A-Mark Precious Metals currently has an average rating of "Hold" and an average price target of $49.33.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.