AMETEK (NYSE:AME) Updates Q4 2024 Earnings Guidance

AMETEK (NYSE:AME) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.810-1.860 for the period, compared to the consensus earnings per share estimate of 1.840. The company issued revenue guidance of -. AMETEK also updated its FY 2024 guidance to 6.770-6.820 EPS.

Wall Street Analyst Weigh In

Several research firms have weighed in on AME. Robert W. Baird reduced their target price on AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Wolfe Research upgraded AMETEK to a “hold” rating in a report on Wednesday, September 18th. Mizuho boosted their price target on AMETEK from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Truist Financial lifted their target price on AMETEK from $201.00 to $219.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $193.29.

AMETEK Stock Performance

NYSE AME opened at $168.84 on Thursday. The company has a market capitalization of $39.08 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 2.77 and a beta of 1.17. AMETEK has a twelve month low of $136.89 and a twelve month high of $186.32. The stock has a fifty day simple moving average of $168.59 and a 200 day simple moving average of $168.90. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the business posted $1.57 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Sell-side analysts expect that AMETEK will post 6.76 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.28 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.12 annualized dividend and a yield of 0.66%. AMETEK’s payout ratio is 19.68%.

Insider Activity at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’s 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 transaction, the director now owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

About AMETEK

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.