AMETEK Inc (NYSE: AME) has reported E.P.S. of $1.46 for its second fiscal quarter (ending June 30) versus $1.41 for the same period a year ago. E.P.S. were $5.77 for the latest four quarters through June 30 versus $5.38 for the same period a year ago.
Recent Price Action
On 8/1/24, AMETEK Inc (NYSE: AME) stock suffered a large decline of -8.3%, closing at $159.13. Moreover, exceptionally high trading volume at 370% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -4.7% 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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AMETEK has a slightly negative Appreciation Score of 35 but a slightly positive Power Rating of 67, triggering 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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