FY2024 Earnings Estimate for AMETEK Issued By Zacks Research

AMETEK, Inc. (NYSE:AME) – Equities researchers at Zacks Research dropped their FY2024 EPS estimates for AMETEK in a note issued to investors on Tuesday, October 22nd. Zacks Research analyst S. Mete now expects that the technology company will post earnings per share of $6.74 for the year, down from their previous forecast of $6.75. The consensus estimate for AMETEK’s current full-year earnings is $6.76 per share. Zacks Research also issued estimates for AMETEK’s Q1 2025 earnings at $1.72 EPS, Q3 2025 earnings at $1.77 EPS, Q4 2025 earnings at $1.93 EPS, FY2025 earnings at $7.24 EPS, Q1 2026 earnings at $1.74 EPS, Q2 2026 earnings at $1.84 EPS, Q3 2026 earnings at $1.91 EPS and FY2026 earnings at $7.77 EPS.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $1.57 earnings per share.

AME has been the subject of several other research reports. Truist Financial raised their price objective on shares of AMETEK from $201.00 to $219.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Mizuho lifted their price target on shares of AMETEK from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.29.

AMETEK Price Performance

Shares of AME opened at $168.38 on Wednesday. AMETEK has a 1-year low of $136.89 and a 1-year high of $186.32. The stock has a market cap of $38.97 billion, a PE ratio of 29.59, a P/E/G ratio of 2.77 and a beta of 1.17. The firm has a 50-day simple moving average of $168.15 and a two-hundred day simple moving average of $169.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76.

Hedge Funds Weigh In On AMETEK

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in shares of AMETEK by 48.4% in the 1st quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company’s stock valued at $1,294,121,000 after purchasing an additional 2,306,535 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of AMETEK by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,536,231 shares of the technology company’s stock valued at $1,195,478,000 after purchasing an additional 44,899 shares in the last quarter. Bank of New York Mellon Corp grew its stake in AMETEK by 34.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock valued at $600,615,000 after acquiring an additional 926,657 shares during the last quarter. Boston Partners grew its stake in AMETEK by 3.0% in the 1st quarter. Boston Partners now owns 3,063,588 shares of the technology company’s stock valued at $560,278,000 after acquiring an additional 90,271 shares during the last quarter. Finally, Flossbach Von Storch AG grew its stake in AMETEK by 3.4% in the 1st quarter. Flossbach Von Storch AG now owns 2,673,507 shares of the technology company’s stock valued at $488,984,000 after acquiring an additional 87,477 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the completion of the transaction, the director now owns 23,349 shares in the company, valued at $4,006,454.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by insiders.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. AMETEK’s payout ratio is currently 19.68%.

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.