AMETEK, Inc. (NYSE:AME) is trading up 17.34% versus 12-month low of 42.50 and stands -4.67% lower from its 1-year peak of $52.31. The consensus price target (PT) of $55.20 means that the market expects Company shares to increase by 11.2% in the short run. The sell-side target prices range from $48 to $62. In the last month the stock has moved in price -2.31%, with a one year change of 4.25%. The last trading session volume compares with the 2.36M average and market worth floats around 11.34B.
AMETEK, Inc. (NYSE:AME) gained 0.48% to reach at the trading price of $49.87 as it is set to release its next quarterly earnings report on January 26, 2017. AMETEK, Inc. stock trades in the range of $49.35 to $50.07 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.58 a share with $969.84M in revenue.
AMETEK, Inc. (AME) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast AMETEK, Inc. to earn $0.59 per share (EPS) on revenue of $975.38M. The EPS consensus range is $0.57-$0.6 on revenue between $986M and $966M.
While if we look at the Earnings Track Record, AMETEK, Inc. (AME) managed to surpass quarterly earnings per share estimates in 6 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 50%. Last time the company reported, AMETEK, Inc. (AME) generated $0.56 in earnings per share, beating the consensus estimate of $0.55. Revenues hit $945.03M in the September 2017 quarter, which was below the consensus $955.56M projection. On the other hand, in the June 2017 quarter the company recorded a net $977.71M revenue with earnings per share of $0.59. Wall Street had anticipated $986.11M and $0.59, respectively. For comparison, there was a revenue of $944.4M and EPS of $0.57 in the March 2016 period.
AMETEK, Inc. (NYSE:AME) Analyst Insights
The buoyancy in the outlook of AMETEK, Inc. (AME) is getting stronger by the somewhat negative sentiment (1.60 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Neutral. Robert W. Baird has been covering shares of AME, so it is most recent view is worth a look. In a research note issued on Dec 22, 2016, analysts at Robert W. Baird lifted the stock to Outperform from Neutral. Another noteworthy analyst activity was recorded on Apr 29, 2016. Downgraded the stock to Neutral from Outperform.