Applied Materials (NASDAQ:AMAT) Issues Q1 Earnings Guidance

Applied Materials (NASDAQ:AMAT) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.11-2.47 for the period, compared to the consensus 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.

Analysts Set New Price Targets

AMAT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a research report on Friday. Mizuho lowered their price objective on Applied Materials from $245.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. B. Riley reduced their price target on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Stifel Nicolaus lowered their target price on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Morgan Stanley dropped their price target on Applied Materials from $185.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday. Eight equities 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 price target of $219.81.

Applied Materials Trading Down 9.2 %

AMAT opened at $168.88 on Friday. The firm has a market capitalization of $139.22 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 2.24 and a beta of 1.56. Applied Materials has a one year low of $141.94 and a one year high of $255.89. The business has a 50 day simple moving average of $190.88 and a two-hundred day simple moving average of $206.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.86 and a quick ratio of 2.09.

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

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Applied Materials’s payout ratio is 17.98%.

Applied Materials Company Profile

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.