Applied Materials, Inc. will release AMAT fourth-quarter earnings results, after the closing bell on Thursday, November 14.
Analysts expect the Santa Clara, California-based bank to report quarterly earnings at $2.19 per share, up from $2.12 per share in the same period last year. Applied Materials expects to report revenue of $6.97 billion for the latest quarter, compared to $6.72 billion a year earlier, according to data from Benzinga Pro.
On September 12, Applied Materials’ board of directors approved a quarterly cash dividend of 40 cents per share payable on the company’s common stock.
Applied Materials shares fell 2.1% to close at $182.79 on Wednesday.
Benzinga readers can access the latest analyst ratings on our Analyst Ratings for Stock page. Readers can sort by stock ticker, company name, analysis company, rating change, or other variables.
Let’s take a look at how Benzinga’s most accurate analysts have rated the company lately.
Stifel analyst Brian Chin maintained a buy rating and lowered the price target from $270 to $250 on November 12. This analyzer has an accuracy rate of 71%. Cantor Fitzgerald analyst CJ Muse reiterated an Overweight rating with a $250 price target on October 8. This analyzer has an accuracy rate of 72%. Wells Fargo analyst Joseph Quattrocchi maintained an overweight rating and lowered his price target from $260 to $235 on October 3. This analyzer has an accuracy rate of 75%. Mizuho analyst Vijay Rakesh maintained his Outperform rating and lowered his price target from $245 to $225 on September 20. This analyzer has an accuracy rate of 77%. Citigroup analyst Atif Malik maintained a buy rating and lowered his price target from $240 to $217 on September 16. This analyzer has an accuracy rate of 78%.
Are you thinking about buying AMAT stock? Here’s what analysts think:
Read more:
Market news and data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
