Applied Materials, Inc. (NASDAQ:AMAT) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.86-0.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.82. The company issued revenue guidance of $3.85-4 billion, compared to the consensus revenue estimate of $3.71 billion.

Applied Materials, Inc. (NASDAQ:AMAT) opened at 43.12 on Friday. Applied Materials, Inc. has a one year low of $27.56 and a one year high of $47.86. The company has a 50-day moving average price of $44.36 and a 200-day moving average price of $41.24. The firm has a market capitalization of $46.34 billion, a P/E ratio of 17.83 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the business earned $0.50 EPS. Applied Materials’s revenue for the quarter was up 32.7% compared to the same quarter last year. On average, equities research analysts anticipate that Applied Materials, Inc. will post $3.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a yield of 0.93%. Applied Materials’s dividend payout ratio is presently 16.46%.

Several equities research analysts have issued reports on AMAT shares. Royal Bank Of Canada restated a hold rating and set a $35.00 price objective on shares of Applied Materials in a report on Tuesday, April 25th. B. Riley restated a buy rating and set a $44.00 price objective on shares of Applied Materials in a report on Monday, May 15th. Needham & Company LLC lifted their price objective on Applied Materials from $43.00 to $50.00 and gave the stock a buy rating in a report on Monday, May 15th. Stifel Nicolaus lifted their price objective on Applied Materials from $42.00 to $50.00 and gave the stock a buy rating in a report on Monday, May 15th. Finally, Citigroup Inc. restated a buy rating and set a $50.00 price objective on shares of Applied Materials in a report on Wednesday, May 17th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $46.60.

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About Applied Materials

Earnings History and Estimates for Applied Materials (NASDAQ:AMAT)

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