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 Performance

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

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

AMETEK Announces Dividend

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

Wall Street Analysts Forecast Growth

AME has been the topic of a number of analyst reports. Robert W. Baird decreased their price target on AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Wolfe Research raised shares of AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Mizuho raised their price objective on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial upped their target price on shares of AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday. Finally, StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Insider Buying and Selling

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the sale, the director now owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This trade represents 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 at the SEC website. Insiders own 0.61% of the company’s stock.

About AMETEK

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.