FY2024 Earnings Forecast for AMETEK Issued By Zacks Research

AMETEK, Inc. (NYSE:AME) – Stock analysts at Zacks Research reduced their FY2024 EPS estimates for shares of AMETEK in a research report issued on Tuesday, October 22nd. Zacks Research analyst S. Mete now expects that the technology company will post earnings of $6.74 per share for the year, down from their previous estimate 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 released its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 earnings per share.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada reduced their price target on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird decreased their target price on AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Truist Financial raised their target price on shares of AMETEK from $201.00 to $219.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $193.29.

AMETEK Stock Down 0.0 %

AMETEK stock opened at $166.61 on Wednesday. The firm has a market capitalization of $38.57 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.77 and a beta of 1.17. The company’s 50 day simple moving average is $168.26 and its 200 day simple moving average is $169.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76. AMETEK has a fifty-two week low of $136.89 and a fifty-two week high of $186.32.

AMETEK Announces Dividend

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

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Trading of AMETEK

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Washington Trust Advisors Inc. acquired a new position in AMETEK during the first quarter valued at approximately $37,000. Family Firm Inc. bought a new stake in shares of AMETEK during the 2nd quarter worth approximately $39,000. Headlands Technologies LLC acquired a new stake in shares of AMETEK in the 1st quarter valued at approximately $43,000. Industrial Alliance Investment Management Inc. bought a new position in shares of AMETEK in the second quarter valued at $42,000. Finally, Crewe Advisors LLC increased its holdings in AMETEK by 168.8% during the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

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.