A-Mark Precious Metals Inc. Expected to Post Q2 2017 Earnings of $0.33 Per Share (AMRK)
A-Mark Precious Metals Inc. (NASDAQ:AMRK) – Research analysts at B. Riley lifted their Q2 2017 EPS estimates for A-Mark Precious Metals in a research note issued on Tuesday. B. Riley analyst I. Corydon now anticipates that the firm will post earnings of $0.33 per share for the quarter, up from their previous forecast of $0.18. B. Riley has a “Neutral” rating and a $17.50 price objective on the stock. B. Riley also issued estimates for A-Mark Precious Metals’ Q3 2017 earnings at $0.37 EPS, Q4 2017 earnings at $0.39 EPS, FY2017 earnings at $1.34 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $1.49 EPS.
A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Monday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.24. A-Mark Precious Metals had a net margin of 0.08% and a return on equity of 8.63%.
AMRK has been the subject of several other reports. TheStreet downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Wednesday, August 17th. Zacks Investment Research raised A-Mark Precious Metals from a “strong sell” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $20.83.
A-Mark Precious Metals (NASDAQ:AMRK) opened at 17.05 on Thursday. The stock’s 50 day moving average is $15.75 and its 200 day moving average is $16.65. A-Mark Precious Metals has a 12 month low of $14.00 and a 12 month high of $22.07. The firm has a market cap of $119.88 million, a PE ratio of 22.00 and a beta of 0.07.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, November 9th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 35.90%.
In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 3,300 shares of the firm’s stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $15.50, for a total value of $51,150.00. Following the completion of the sale, the chief executive officer now owns 65,656 shares of the company’s stock, valued at $1,017,668. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 44.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC boosted its position in shares of A-Mark Precious Metals by 2,585.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,982 shares of the company’s stock worth $113,000 after buying an additional 6,722 shares in the last quarter. Cannell Capital LLC purchased a new position in shares of A-Mark Precious Metals during the second quarter worth $121,000. JPMorgan Chase & Co. boosted its position in shares of A-Mark Precious Metals by 656.3% in the second quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock worth $155,000 after buying an additional 8,302 shares in the last quarter. Spark Investment Management LLC boosted its position in shares of A-Mark Precious Metals by 33.3% in the second quarter. Spark Investment Management LLC now owns 17,600 shares of the company’s stock worth $284,000 after buying an additional 4,400 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of A-Mark Precious Metals by 3.9% in the third quarter. Northern Trust Corp now owns 25,066 shares of the company’s stock worth $403,000 after buying an additional 935 shares in the last quarter. Institutional investors and hedge funds own 20.51% of the company’s stock.
About A-Mark Precious Metals
A-Mark Precious Metals, Inc is a precious metals trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. The Company also distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers secure storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as Repo accounts, and trade quotes in a range of foreign currencies.
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