Applied Materials (NASDAQ:AMAT) Releases Q4 Earnings Guidance

Applied Materials (NASDAQ:AMAT) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.72-0.80 for the period, compared to the Thomson Reuters consensus estimate of $0.76. The company issued revenue guidance of $3.535-3.835 billion, compared to the consensus revenue estimate of $3.66 billion.Applied Materials also updated its Q4 2019 guidance to $0.72-0.80 EPS.

Shares of NASDAQ:AMAT opened at $44.72 on Friday. The business’s fifty day moving average price is $47.06 and its two-hundred day moving average price is $42.49. Applied Materials has a fifty-two week low of $28.79 and a fifty-two week high of $52.42. The stock has a market capitalization of $44.99 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 2.43 and a beta of 1.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.79 and a quick ratio of 1.77.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. Applied Materials had a return on equity of 47.88% and a net margin of 22.10%. The firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The business’s revenue was down 14.4% compared to the same quarter last year. Research analysts expect that Applied Materials will post 2.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Wednesday, August 21st. Applied Materials’s dividend payout ratio (DPR) is 18.88%.

A number of analysts have weighed in on AMAT shares. Wells Fargo & Co reiterated an outperform rating on shares of Applied Materials in a research report on Thursday, June 20th. Deutsche Bank upped their price target on Applied Materials from $44.00 to $47.00 and gave the company a hold rating in a research report on Friday. Needham & Company LLC reiterated a buy rating and issued a $52.00 price target on shares of Applied Materials in a research report on Sunday, May 19th. Citigroup upped their price target on Applied Materials from $51.00 to $52.00 and gave the company a buy rating in a research report on Friday, May 17th. Finally, B. Riley upgraded Applied Materials from a neutral rating to a buy rating and upped their price target for the company from $46.00 to $54.00 in a research report on Friday, May 17th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Applied Materials presently has an average rating of Buy and a consensus target price of $51.30.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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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Earnings History and Estimates for Applied Materials (NASDAQ:AMAT)

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