Applied Materials (NASDAQ:AMAT) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.72-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.76. The company issued revenue guidance of $3.535-3.835 billion, compared to the consensus revenue estimate of $3.66 billion.Applied Materials also updated its Q4 2019 guidance to $0.72-0.80 EPS.

A number of equities research analysts have commented on AMAT shares. Zacks Investment Research raised shares of Applied Materials from a hold rating to a buy rating and set a $41.00 price objective on the stock in a research report on Tuesday, June 4th. B. Riley raised shares of Applied Materials from a neutral rating to a buy rating and increased their price objective for the company from $46.00 to $54.00 in a research report on Friday, May 17th. Cowen set a $53.00 price objective on shares of Applied Materials and gave the company a buy rating in a research report on Monday. DA Davidson downgraded shares of Applied Materials from a buy rating to a neutral rating and dropped their price objective for the company from $55.00 to $45.00 in a research report on Monday, July 8th. Finally, Stifel Nicolaus set a $57.00 price objective on shares of Applied Materials and gave the company a buy rating in a research report on Monday. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Applied Materials has a consensus rating of Buy and an average price target of $51.00.

Shares of NASDAQ AMAT traded up $0.45 during mid-day trading on Thursday, reaching $47.16. The company had a trading volume of 7,169,270 shares, compared to its average volume of 10,039,060. The company has a current ratio of 2.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.65. The firm has a 50 day simple moving average of $47.06 and a two-hundred day simple moving average of $42.49. The stock has a market cap of $44.15 billion, a P/E ratio of 10.60, a PEG ratio of 2.35 and a beta of 1.68. Applied Materials has a 52-week low of $28.79 and a 52-week high of $52.42.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Applied Materials had a net margin of 22.10% and a return on equity of 47.88%. The company’s revenue was down 14.4% on a year-over-year basis. During the same period last year, the firm posted $1.20 EPS. On average, equities analysts expect that Applied Materials will post 2.96 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 22nd will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, August 21st. Applied Materials’s dividend payout ratio (DPR) is 18.88%.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.

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

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