A-Mark Precious Metals (AMRK) Scheduled to Post Quarterly Earnings on Wednesday

A-Mark Precious Metals (NASDAQ:AMRK) will be posting its quarterly earnings results 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

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

A-Mark Precious Metals Price Performance

Shares of NASDAQ:AMRK opened at $37.85 on Tuesday. The business has a fifty day moving average price of $41.83 and a 200-day moving average price of $38.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.39. The company has a market capitalization of $876.98 million, a PE ratio of 13.76 and a beta of -0.01. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were paid 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 2.11%. A-Mark Precious Metals’s dividend payout ratio is presently 29.09%.

Insiders Place Their Bets

In related news, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the sale, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,281,498.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Gregory N. Roberts sold 22,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,281,498.88. This trade 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 available through this hyperlink. Also, Director Michael R. Wittmeyer sold 10,975 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following the transaction, the director now owns 292,535 shares in the company, valued at $12,666,765.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,316 shares of company stock worth $4,911,036 in the last 90 days. 48.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMRK has been the topic of several analyst reports. DA Davidson lifted their price target on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a report on Monday, September 30th. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, A-Mark Precious Metals currently has a consensus rating of “Hold” and a consensus target price of $49.33.

About A-Mark Precious Metals

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.