Applied Materials, Inc. to Post Q1 2019 Earnings of $0.79 Per Share, B. Riley Forecasts (AMAT)

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Applied Materials, Inc. (NASDAQ:AMAT) – Investment analysts at B. Riley dropped their Q1 2019 earnings per share (EPS) estimates for shares of Applied Materials in a research report issued to clients and investors on Friday, November 16th. B. Riley analyst C. Ellis now expects that the manufacturing equipment provider will post earnings per share of $0.79 for the quarter, down from their previous estimate of $0.97. B. Riley currently has a “Neutral” rating and a $33.00 target price on the stock.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.97. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4 billion. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%.

A number of other equities research analysts have also recently issued reports on AMAT. Zacks Investment Research reiterated a “hold” rating on shares of Applied Materials in a research note on Monday, November 12th. Craig Hallum cut their target price on Applied Materials from $65.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday. KeyCorp reiterated an “overweight” rating and issued a $56.00 target price (down from $71.00) on shares of Applied Materials in a research note on Friday. BidaskClub upgraded Applied Materials from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Summit Insights cut Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $53.10.

AMAT stock opened at $34.42 on Monday. The company has a current ratio of 2.64, a quick ratio of 1.73 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $34.80 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.99 and a beta of 1.60. Applied Materials has a 1 year low of $30.53 and a 1 year high of $62.40.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 23rd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, November 21st. Applied Materials’s dividend payout ratio is currently 17.98%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Atria Investments LLC raised its holdings in Applied Materials by 18.3% in the 2nd quarter. Atria Investments LLC now owns 18,331 shares of the manufacturing equipment provider’s stock worth $847,000 after acquiring an additional 2,839 shares during the last quarter. Westpac Banking Corp raised its holdings in Applied Materials by 4.3% in the 2nd quarter. Westpac Banking Corp now owns 115,502 shares of the manufacturing equipment provider’s stock worth $5,335,000 after acquiring an additional 4,720 shares during the last quarter. James Investment Research Inc. purchased a new position in Applied Materials in the 2nd quarter worth approximately $1,721,000. Cornerstone Wealth Management LLC purchased a new position in Applied Materials in the 2nd quarter worth approximately $2,719,000. Finally, Whittier Trust Co. raised its holdings in Applied Materials by 24.3% in the 2nd quarter. Whittier Trust Co. now owns 6,281 shares of the manufacturing equipment provider’s stock worth $142,000 after acquiring an additional 1,228 shares during the last quarter. Institutional investors and hedge funds own 78.74% of the company’s stock.

About Applied Materials

Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.

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Earnings History and Estimates for Applied Materials (NASDAQ:AMAT)

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