Zacks Research Has Pessimistic View of AMAT FY2027 Earnings

Applied Materials, Inc. (NASDAQ:AMAT) – Investment analysts at Zacks Research decreased their FY2027 earnings per share estimates for shares of Applied Materials in a research note issued to investors on Friday, January 17th. Zacks Research analyst R. Department now expects that the manufacturing equipment provider will earn $10.70 per share for the year, down from their prior estimate of $10.78. The consensus estimate for Applied Materials’ current full-year earnings is $9.37 per share.

AMAT has been the subject of several other research reports. Wells Fargo & Company dropped their price target on shares of Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Evercore ISI cut their target price on Applied Materials from $260.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Applied Materials from $220.00 to $200.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Stifel Nicolaus reduced their target price on Applied Materials from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, Mizuho lowered their price target on shares of Applied Materials from $220.00 to $210.00 and set an “outperform” rating for the company in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $218.95.

Applied Materials Stock Up 3.0 %

NASDAQ:AMAT opened at $192.05 on Monday. Applied Materials has a one year low of $156.78 and a one year high of $255.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87. The company has a market cap of $156.27 billion, a PE ratio of 22.31, a P/E/G ratio of 1.75 and a beta of 1.53. The firm’s 50 day simple moving average is $173.10 and its 200 day simple moving average is $190.95.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.19 by $0.13. The firm had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.96 billion. Applied Materials had a return on equity of 39.26% and a net margin of 26.41%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $2.12 earnings per share.

Institutional Trading of Applied Materials

A number of hedge funds and other institutional investors have recently bought and sold shares of AMAT. Forum Financial Management LP grew its holdings in shares of Applied Materials by 0.6% during the third quarter. Forum Financial Management LP now owns 9,143 shares of the manufacturing equipment provider’s stock valued at $1,847,000 after buying an additional 53 shares during the last quarter. Merriman Wealth Management LLC boosted its stake in Applied Materials by 4.0% during the 2nd quarter. Merriman Wealth Management LLC now owns 1,438 shares of the manufacturing equipment provider’s stock valued at $339,000 after purchasing an additional 55 shares during the last quarter. Sargent Investment Group LLC increased its holdings in Applied Materials by 4.0% during the 3rd quarter. Sargent Investment Group LLC now owns 1,415 shares of the manufacturing equipment provider’s stock worth $286,000 after purchasing an additional 55 shares in the last quarter. Biltmore Family Office LLC raised its stake in shares of Applied Materials by 5.3% in the third quarter. Biltmore Family Office LLC now owns 1,093 shares of the manufacturing equipment provider’s stock worth $221,000 after purchasing an additional 55 shares during the last quarter. Finally, waypoint wealth counsel lifted its holdings in shares of Applied Materials by 3.1% in the third quarter. waypoint wealth counsel now owns 1,853 shares of the manufacturing equipment provider’s stock valued at $374,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, February 20th. Applied Materials’s dividend payout ratio is currently 18.58%.

Applied Materials Company Profile

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.