Applied Materials (NASDAQ:AMAT) Releases Q1 Earnings Guidance

Applied Materials (NASDAQ:AMAT) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $2.11-2.47 for the period, compared to the consensus EPS estimate of $2.27. The company issued revenue guidance of $6.75-7.55 billion, compared to the consensus revenue estimate of $7.24 billion. Applied Materials also updated its Q1 2025 guidance to 2.110-2.470 EPS.

Analysts Set New Price Targets

AMAT has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price target on shares of Applied Materials in a report on Friday, August 16th. B. Riley cut their price objective on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price target on shares of Applied Materials in a report on Tuesday, October 8th. Dbs Bank downgraded Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 16th. Finally, Mizuho decreased their price target on Applied Materials from $245.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $227.24.

Applied Materials Stock Performance

Shares of AMAT traded up $3.21 during midday trading on Thursday, reaching $186.00. 9,404,306 shares of the stock were exchanged, compared to its average volume of 6,080,847. The business’s 50-day moving average price is $190.88 and its 200 day moving average price is $207.13. The company has a market capitalization of $153.34 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.29 and a beta of 1.56. Applied Materials has a twelve month low of $141.94 and a twelve month high of $255.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.86 and a quick ratio of 2.09.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. Applied Materials had a net margin of 27.74% and a return on equity of 39.99%. The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the firm posted $1.90 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Applied Materials will post 8.51 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Applied Materials’s dividend payout ratio (DPR) is 17.98%.

About Applied Materials

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.