What is DA Davidson’s Estimate for AMETEK Q4 Earnings?

AMETEK, Inc. (NYSE:AME) – DA Davidson issued their Q4 2024 EPS estimates for shares of AMETEK in a research report issued on Friday, November 1st. DA Davidson analyst M. Summerville forecasts that the technology company will post earnings of $1.84 per share for the quarter. The consensus estimate for AMETEK’s current full-year earnings is $6.81 per share.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. AMETEK’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.64 earnings per share.

Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada decreased their price objective on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Monday. TD Cowen lowered shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Robert W. Baird upped their target price on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a report on Monday. Finally, Mizuho raised their price target on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AMETEK currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.86.

AMETEK Stock Up 1.2 %

Shares of NYSE AME opened at $182.02 on Monday. The business has a 50-day moving average price of $169.69 and a 200 day moving average price of $168.91. The stock has a market cap of $42.10 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 2.91 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. AMETEK has a 52-week low of $141.65 and a 52-week high of $186.32.

AMETEK Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.62%. AMETEK’s payout ratio is currently 19.51%.

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the completion of the sale, the director now directly owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AMETEK

Hedge funds and other institutional investors have recently bought and sold shares of the business. Washington Trust Advisors Inc. acquired a new position in shares of AMETEK during the 1st quarter worth $37,000. Family Firm Inc. purchased a new stake in AMETEK during the second quarter worth about $39,000. Industrial Alliance Investment Management Inc. acquired a new position in AMETEK during the second quarter worth about $42,000. Headlands Technologies LLC purchased a new position in AMETEK in the first quarter valued at about $43,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of AMETEK during the 3rd quarter worth approximately $44,000. 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.