Applied Materials (AMAT) Scheduled to Post Quarterly Earnings on Thursday

Applied Materials (NASDAQ:AMAT) is scheduled to be releasing its earnings data after the market closes on Thursday, November 14th. Analysts expect Applied Materials to post earnings of $2.18 per share for the quarter. Applied Materials has set its Q4 guidance at $2.00-2.36 EPS and its Q4 2024 guidance at 2.000-2.360 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.10. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the business earned $1.90 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, analysts expect Applied Materials to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Applied Materials Trading Up 0.6 %

NASDAQ:AMAT opened at $187.52 on Thursday. Applied Materials has a 12 month low of $139.69 and a 12 month high of $255.89. The company has a 50 day simple moving average of $191.07 and a two-hundred day simple moving average of $207.37. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. The company has a market cap of $154.59 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.24 and a beta of 1.56.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, November 21st. Applied Materials’s payout ratio is 17.98%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com lowered Applied Materials from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Mizuho lowered their target price on Applied Materials from $245.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Morgan Stanley decreased their price objective on shares of Applied Materials from $224.00 to $185.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 17th. Finally, Citigroup reduced their price target on shares of Applied Materials from $240.00 to $217.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $229.14.

About Applied Materials

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.