Applied Materials, Inc. (NASDAQ:AMAT) announced its quarterly earnings results on Thursday. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02, Bloomberg Earnings reports. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year. Applied Materials updated its Q1 guidance to $0.94-1.02 EPS.

Applied Materials (AMAT) opened at $56.49 on Friday. Applied Materials has a one year low of $29.85 and a one year high of $60.89. The company has a quick ratio of 2.25, a current ratio of 2.91 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $61,690.00, a PE ratio of 18.93, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, November 22nd. Applied Materials’s payout ratio is 14.18%.

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A number of analysts have weighed in on AMAT shares. Vetr upgraded Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target on the stock in a research report on Monday, July 24th. Cowen and Company reiterated a “buy” rating and issued a $50.00 price target on shares of Applied Materials in a research report on Friday, July 28th. BidaskClub cut Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. B. Riley reiterated a “buy” rating and issued a $56.00 price target on shares of Applied Materials in a research report on Monday, August 14th. Finally, Zacks Investment Research cut Applied Materials from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Applied Materials presently has a consensus rating of “Buy” and an average price target of $59.35.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexander Karsner sold 22,762 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

About Applied Materials

Earnings History for Applied Materials (NASDAQ:AMAT)

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