Applied Materials (NASDAQ:AMAT) Posts Earnings Results, Beats Expectations By $0.13 EPS

Applied Materials (NASDAQ:AMAT) released its quarterly earnings data on Thursday. The manufacturing equipment provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.13, Briefing.com reports. Applied Materials had a return on equity of 39.71% and a net margin of 26.41%. The company had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. During the same quarter in the previous year, the company posted $2.12 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Applied Materials updated its Q1 2025 guidance to 2.110-2.470 EPS and its Q1 guidance to $2.11-2.47 EPS.

Applied Materials Stock Down 9.2 %

Shares of NASDAQ:AMAT traded down $17.12 during trading on Friday, hitting $168.88. 16,287,484 shares of the company were exchanged, compared to its average volume of 5,981,500. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.86 and a quick ratio of 2.09. The firm’s 50 day moving average price is $190.88 and its 200-day moving average price is $206.87. The stock has a market capitalization of $139.23 billion, a P/E ratio of 19.61, a PEG ratio of 2.07 and a beta of 1.56. Applied Materials has a 12-month low of $141.94 and a 12-month high of $255.89.

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, November 21st. Applied Materials’s dividend payout ratio (DPR) is presently 18.58%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AMAT shares. Stifel Nicolaus lowered their price target on shares of Applied Materials from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on shares of Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, August 16th. UBS Group cut their price target on shares of Applied Materials from $220.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a report on Friday. Finally, Wells Fargo & Company reduced their target price on Applied Materials from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Applied Materials has an average rating of “Moderate Buy” and an average target price of $219.81.

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.