Applied Materials (NASDAQ:AMAT) Announces Earnings Results, Beats Estimates By $0.13 EPS

Applied Materials (NASDAQ:AMAT) posted its quarterly earnings results on Thursday. The manufacturing equipment provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.13, Briefing.com reports. The company had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. Applied Materials had a return on equity of 39.71% and a net margin of 26.41%. Applied Materials’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 EPS. 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 Performance

Shares of NASDAQ:AMAT traded down $17.12 during trading on Friday, reaching $168.88. The company had a trading volume of 16,287,484 shares, compared to its average volume of 5,981,500. The stock’s fifty day moving average price is $190.88 and its 200 day moving average price is $206.78. Applied Materials has a fifty-two week low of $141.94 and a fifty-two week high of $255.89. The firm has a market capitalization of $139.23 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.07 and a beta of 1.56. 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 Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, November 21st. Applied Materials’s dividend payout ratio is presently 18.58%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Bank of America dropped their target price on Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Friday. Mizuho cut 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. UBS Group dropped their price target on Applied Materials from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. B. Riley decreased their price target on Applied Materials from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Finally, Evercore ISI reduced their price objective on Applied Materials from $260.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Applied Materials currently 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.