DA Davidson Weighs in on AMETEK, Inc.’s Q1 2018 Earnings (AME)

AMETEK, Inc. (NYSE:AME) – Research analysts at DA Davidson issued their Q1 2018 earnings estimates for shares of AMETEK in a note issued to investors on Wednesday, April 11th. DA Davidson analyst M. Summerville anticipates that the technology company will earn $0.72 per share for the quarter. DA Davidson currently has a “Buy” rating and a $85.00 target price on the stock. DA Davidson also issued estimates for AMETEK’s Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.83 EPS, FY2018 earnings at $3.10 EPS, Q1 2019 earnings at $0.80 EPS, Q2 2019 earnings at $0.85 EPS, Q3 2019 earnings at $0.85 EPS, Q4 2019 earnings at $0.90 EPS and FY2019 earnings at $3.40 EPS.

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A number of other research firms also recently issued reports on AME. ValuEngine upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BMO Capital Markets raised their price objective on shares of AMETEK from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of AMETEK from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Wednesday, April 11th. Morgan Stanley raised their price objective on shares of AMETEK from $67.00 to $76.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Finally, Wells Fargo set a $88.00 price objective on shares of AMETEK and gave the stock a “buy” rating in a report on Thursday, January 18th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. AMETEK presently has a consensus rating of “Buy” and a consensus target price of $81.58.

NYSE AME opened at $76.38 on Monday. AMETEK has a 52-week low of $53.65 and a 52-week high of $79.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.70 and a quick ratio of 1.22. The stock has a market cap of $17,336.21, a P/E ratio of 29.26, a P/E/G ratio of 2.45 and a beta of 1.24.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. AMETEK had a net margin of 15.85% and a return on equity of 16.39%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 16th were paid a $0.14 dividend. This is an increase from AMETEK’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, March 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. AMETEK’s dividend payout ratio (DPR) is presently 21.46%.

In other news, insider John Wesley Hardin sold 25,965 shares of AMETEK stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $78.50, for a total value of $2,038,252.50. Following the completion of the transaction, the insider now owns 85,663 shares in the company, valued at $6,724,545.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Elizebeth R. Varet sold 3,000 shares of AMETEK stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $75.85, for a total transaction of $227,550.00. The disclosure for this sale can be found here. Insiders sold 77,604 shares of company stock valued at $5,976,638 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. MML Investors Services LLC increased its stake in shares of AMETEK by 7.7% in the fourth quarter. MML Investors Services LLC now owns 9,905 shares of the technology company’s stock worth $718,000 after purchasing an additional 705 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in shares of AMETEK by 3.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 22,200 shares of the technology company’s stock valued at $1,609,000 after acquiring an additional 800 shares during the period. IFM Investors Pty Ltd boosted its position in shares of AMETEK by 11.4% in the fourth quarter. IFM Investors Pty Ltd now owns 8,581 shares of the technology company’s stock valued at $622,000 after acquiring an additional 875 shares during the period. North Star Asset Management Inc. boosted its position in shares of AMETEK by 0.7% in the fourth quarter. North Star Asset Management Inc. now owns 135,437 shares of the technology company’s stock valued at $9,815,000 after acquiring an additional 895 shares during the period. Finally, Leavell Investment Management Inc. boosted its position in shares of AMETEK by 16.7% in the fourth quarter. Leavell Investment Management Inc. now owns 6,384 shares of the technology company’s stock valued at $463,000 after acquiring an additional 915 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.

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About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.

Earnings History and Estimates for AMETEK (NYSE:AME)

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