AMETEK, Inc. (NYSE:AME) is set to announce second quarter earning results on Tuesday 4th August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AME to report 2Q20 income of $ 0.72 per share.
For the full year, analysts anticipate top line of $ 4447.58 million, while looking forward to income of $ 3.57 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.24 ~ $ 4.38 per share
Click Here For More Historical Outlooks Of AMETEK, Inc.
Previous Quarter Performance
AMETEK, Inc. unwinded income for the first quarter of $ 1.02 per share, from the revenue of $ 1,202.00 million. The quarterly earnings extended 2.00 percent while revenues lowered 5.54 percent compared with the same quarter last year.
Street analysts expected AMETEK, Inc. to report income of $ 0.96 per share on revenue of $ 1225.40 million for the first quarter. The bottom line results beat street analysts by $ 0.06 or 6.25 percent, at the same time, top line results fell short of analysts by $ 23.4 million or 1.91 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of AMETEK, Inc.
Stock Performance
According to the previous trading day, closing price of AME was $ 94.95, representing a 73.20 % increase from the 52 week low of $ 54.82 and a 7.19 % decrease over the 52 week high of $ 102.31.
The company has a market capital of $ 21.78 billion and is part of the Industrials sector and Diversified Industrials industry.
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Recent Analyst recommendations
- On 14th July 2020, maintained by Morgan Stanley at Overweight rating, with $ 98.00 target price.
- On 18th June 2020, maintained by Rosenblatt Securities at Buy rating, with $ 104.00 target price.
- On 12th June 2020, downgraded by Oppenheimer to Perform from Outperform rating.
Recent Stock Dividend Announcement
On May 7, 2020, the board of directors authorized quarterly dividend of $ 0.18 per share to holders of record as of the close of business on June 12, 2020, with payment date of June 30, 2020 and ex-dividend date on June 11, 2020.
Conference Call
AMETEK, Inc. will be hosting a conference call at 8:30 AM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ametek.com
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. The companys Electronic Instruments segment offers advanced instruments for the process, aerospace, power, and industrial markets; process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.
