Applied Materials Inc (NASDAQ: AMAT) has reported E.P.S. of $2.06 for its third fiscal quarter (ending July 31) versus $1.86 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $8.97 compared to $7.62 a year ago.
Recent Price Action
Applied Materials Inc (NASDAQ: AMAT) stock closed at $211.83 on 8/15/24 after a very large increase of 5.1%. Moreover, trading volume in this advance was unusually high at 185% of normal. The stock has risen 18.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
AMAT’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Applied Materials has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Applied Materials has a neutral Appreciation Score of 48 but a very high Power Rating of 90, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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