Applied Materials (AMAT) Set to Announce Quarterly Earnings on Thursday

Applied Materials (NASDAQ:AMAT) is scheduled to be posting its quarterly earnings results 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. The firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.68 billion. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 EPS. 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 Price Performance

Shares of NASDAQ AMAT opened at $188.56 on Tuesday. The company has a fifty day moving average price of $190.99 and a 200 day moving average price of $207.48. Applied Materials has a 1-year low of $141.94 and a 1-year high of $255.89. 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 firm has a market cap of $155.45 billion, a PE ratio of 21.19, a PEG ratio of 2.34 and a beta of 1.56.

Applied Materials Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on AMAT. UBS Group reduced their price objective on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. StockNews.com downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. JPMorgan Chase & Co. increased their price objective on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Morgan Stanley cut their target price on shares of Applied Materials from $224.00 to $185.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 17th. Finally, Susquehanna cut their target price on shares of Applied Materials from $190.00 to $170.00 and set a “neutral” rating for the company in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Applied Materials presently has an average rating of “Moderate Buy” and a consensus price target of $228.19.

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.