AMETEK, Inc. (NYSE:AME) manufacturer of electronic instruments, is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.93 per share.
Looking ahead, the full year income are expected at $ 3.77 per share on the revenues of $ 4518.30 million.
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. reported income for the second quarter of $ 0.84 per share, from the revenue of $ 1,012.00 million. The quarterly earnings contracted 20.00 percent while revenues reduced 21.51 percent compared with the same quarter last year.
Wall street analysts are predicting, AME to report 2Q20 income of $ 0.72 per share from revenue of $ 984.97 million. The bottom line results beat street analysts by $ 0.12 or 16.67 percent, at the same time, top line results outshined analysts by $ 27.03 million or 2.74 percent.
Stock Performance
Shares of AMETEK, Inc. traded low $ -4.40 or -4.29 percent on Wednesday, reaching $ 98.19 with volume of 1.24 million shares. AMETEK, Inc. has traded high as $ 101.38 and has cracked $ 98.06 on the downward trend
According to the previous trading day, closing price of $ 98.19, representing a 87.14 % increase from the 52 week low of $ 54.82 and a 7.43 % decrease over the 52 week high of $ 110.82.
The company has a market capital of $ 22.55 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Stock Dividend Announcement
On August 6, 2020, the board of directors authorized quarterly dividend of $ 0.18 per share to holders of record as of the close of business on September 14, 2020, with payment date of September 30, 2020 and ex-dividend date on September 11, 2020.
Conference Call
AMETEK, Inc. will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 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.
