AMETEK (NYSE:AME) Updates Q4 2024 Earnings Guidance

AMETEK (NYSE:AME) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.810-1.860 for the period, compared to the consensus earnings per share estimate of 1.840. The company issued revenue guidance of -. AMETEK also updated its FY 2024 guidance to 6.770-6.820 EPS.

AMETEK Stock Down 2.7 %

Shares of AMETEK stock traded down $4.91 on Friday, reaching $178.43. 1,962,659 shares of the company were exchanged, compared to its average volume of 1,144,114. The stock’s 50 day moving average price is $169.17 and its 200-day moving average price is $168.99. The company has a market cap of $41.31 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 2.77 and a beta of 1.17. AMETEK has a 1-year low of $141.26 and a 1-year high of $186.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 EPS. As a group, equities analysts forecast that AMETEK will post 6.76 EPS for the current year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Monday, September 16th. AMETEK’s dividend payout ratio (DPR) is 19.51%.

Analyst Ratings Changes

AME has been the subject of several recent analyst reports. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Robert W. Baird dropped their target price on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Truist Financial boosted their price target on shares of AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wolfe Research raised AMETEK to a “hold” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Insider Buying and Selling at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now owns 23,349 shares in the company, valued at approximately $4,006,454.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by company insiders.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.