For its first fiscal quarter (ending March 31), AMETEK Inc (NYSE: AME) has reported a 2% increase in E.P.S. from $1.33 a year ago to $1.35 in the current quarter. However, this performance was $-0.42 short of the consensus estimate of $1.77. E.P.S. were $5.73 for the latest four quarters through March 31 versus $5.20 for the same period a year ago — an increase of 10%.
Recent Price Action
On 5/2/24, AMETEK Inc (NYSE: AME) stock suffered a large decline of -6.1%, closing at $163.34. Moreover, this decline was accompanied by exceptionally high trading volume at 317% of normal. Relative to the market the stock has been strong over the last nine months but has declined -8.3% during the last week.
Current PriceTarget Research Rating
AME’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
AMETEK has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. AMETEK has a slightly negative Appreciation Score of 31 but a good Power Rating of 79, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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