A-Mark Precious Metals (AMRK) Set to Announce Quarterly Earnings on Wednesday

A-Mark Precious Metals (NASDAQ:AMRK) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect A-Mark Precious Metals to post earnings of $0.98 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.59). The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.64 billion. A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%.

A-Mark Precious Metals Stock Down 4.0 %

NASDAQ:AMRK opened at $37.28 on Monday. The business’s fifty day moving average price is $41.81 and its 200 day moving average price is $38.30. The firm has a market capitalization of $863.78 million, a price-to-earnings ratio of 13.56 and a beta of -0.01. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $47.39.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.15%. A-Mark Precious Metals’s dividend payout ratio is 29.09%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. DA Davidson boosted their price objective on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, September 30th. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.33.

Insider Buying and Selling

In other A-Mark Precious Metals news, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the sale, the director now directly owns 190,500 shares in the company, valued at $8,702,040. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gregory N. Roberts sold 22,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jess M. Ravich sold 14,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the sale, the director now owns 190,500 shares of the company’s stock, valued at approximately $8,702,040. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,316 shares of company stock worth $4,911,036. Insiders own 48.64% of the company’s stock.

A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.