Amentum (NYSE:AMTM) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Amentum (NYSE:AMTM) issued its earnings results on Tuesday. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06, Zacks reports.

Amentum Price Performance

NYSE AMTM traded up $0.09 on Tuesday, reaching $20.49. The stock had a trading volume of 1,703,637 shares, compared to its average volume of 2,266,995. The company’s 50-day moving average is $22.15. Amentum has a 12-month low of $18.38 and a 12-month high of $34.50. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Truist Financial assumed coverage on Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 price objective for the company. Raymond James initiated coverage on Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Royal Bank of Canada began coverage on shares of Amentum in a report on Friday, January 10th. They issued a “sector perform” rating and a $24.00 target price for the company.

Amentum Company Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.