Applied Materials (NASDAQ:AMAT) Updates Q1 Earnings Guidance

Applied Materials (NASDAQ:AMAT) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $2.11-2.47 for the period, compared to the consensus earnings per share estimate of $2.27. The company issued revenue guidance of $6.75-7.55 billion, compared to the consensus revenue estimate of $7.24 billion. Applied Materials also updated its Q1 2025 guidance to 2.110-2.470 EPS.

Applied Materials Stock Up 1.8 %

AMAT traded up $3.21 during midday trading on Thursday, hitting $186.00. The company had a trading volume of 9,021,653 shares, compared to its average volume of 6,079,115. The company has a quick ratio of 2.09, a current ratio of 2.86 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average price is $190.88 and its 200 day moving average price is $207.13. Applied Materials has a 52 week low of $141.94 and a 52 week high of $255.89. The company has a market capitalization of $153.34 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.29 and a beta of 1.56.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.10. The business had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 earnings per share. On average, research analysts anticipate that Applied Materials will post 8.51 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date is Thursday, November 21st. Applied Materials’s payout ratio is 17.98%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup cut their price target on shares of Applied Materials from $240.00 to $217.00 and set a “buy” rating for the company in a research note on Monday, September 16th. StockNews.com cut Applied Materials from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price target on shares of Applied Materials in a research report on Tuesday, October 8th. Stifel Nicolaus cut their price objective on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Morgan Stanley cut their price target on shares of Applied Materials from $224.00 to $185.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 17th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $227.24.

About Applied Materials

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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.