A-Mark Precious Metals (AMRK) to Release Earnings on Wednesday

A-Mark Precious Metals (NASDAQ:AMRK) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect A-Mark Precious Metals to post earnings of $0.98 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion.

A-Mark Precious Metals Stock Up 1.5 %

AMRK opened at $37.85 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 1.63. The stock has a fifty day moving average of $41.83 and a 200-day moving average of $38.31. A-Mark Precious Metals has a fifty-two week low of $23.14 and a fifty-two week high of $47.39. The company has a market capitalization of $876.98 million, a P/E ratio of 13.76 and a beta of -0.01.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals’s payout ratio is currently 29.09%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMRK. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. DA Davidson lifted their price objective on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $49.33.

Insider Transactions at A-Mark Precious Metals

In related news, Director Michael R. Wittmeyer sold 25,841 shares of A-Mark Precious Metals stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the sale, the director now directly owns 292,535 shares in the company, valued at $12,973,927.25. 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 at this hyperlink. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 4,320 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $44.00, for a total transaction of $190,080.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,240,888. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Wittmeyer sold 25,841 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the completion of the sale, the director now directly owns 292,535 shares in the company, valued at approximately $12,973,927.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,316 shares of company stock worth $4,911,036. Insiders own 48.64% of the company’s stock.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.