AMETEK (NYSE:AME) Releases Q4 2024 Earnings Guidance

AMETEK (NYSE:AME) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.810-1.860 for the period, compared to the consensus estimate of 1.840. The company issued revenue guidance of -. AMETEK also updated its FY 2024 guidance to 6.770-6.820 EPS.

Wall Street Analyst Weigh In

Several analysts have issued reports on AME shares. TD Cowen cut AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Robert W. Baird cut their price objective on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada decreased their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Mizuho raised their price target on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wolfe Research upgraded AMETEK to a “hold” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

AMETEK Trading Down 2.7 %

AMETEK stock traded down $4.91 during trading on Friday, hitting $178.43. The company had a trading volume of 1,962,659 shares, compared to its average volume of 1,144,114. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20. The company’s 50 day simple moving average is $169.17 and its 200-day simple moving average is $168.99. AMETEK has a 1-year low of $141.26 and a 1-year high of $186.32. The stock has a market cap of $41.31 billion, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 2.77 and a beta of 1.17.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. AMETEK’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. As a group, analysts expect that AMETEK will post 6.76 EPS for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date was Monday, September 16th. AMETEK’s payout ratio is currently 19.51%.

Insider Buying and Selling at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the transaction, the director now directly owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

About AMETEK

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.