Market Update (NASDAQ:AMAT): Applied Materials to Hold Q2 FY2016 Earnings Webcast on May 19, 2016 at 4:30 p.m. ET

[GlobeNewswire] – SANTA CLARA, Calif., May 06, 2016– Applied Materials, Inc. will hold a webcast to discuss its second quarter of fiscal 2016 financial results, along with its business outlook, on Thursday, May 19, 2016 … Read more on this. Applied Materials, Inc. (AMAT) , with a current market cap of $22.25B, opened at $19.75. Today’s price range has been between $19.64 and $19.90 per share and has traded between $14.25 and $21.67 over the past 12 months. AMAT shares are currently priced at 15.04x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.71x earnings multiple. The company pays shareholders $0.40 per share annually in dividends, yielding 1.99%. According to a consensus of 19 analysts, the earnings estimate of $0.32 per share would be $0.03 better than the year-ago quarter and a $0.05 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $1.32, which would be a $0.13 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.42 Billion. If reported, that would be a 0.82% decrease over the year-ago quarter. More recently, Susquehanna downgraded AMAT from Neutral to Negative (Apr 19, 2016). Previously, UBS upgraded AMAT from Neutral to Buy. With the above information in mind, readers should note that the average price target is $23.11, which is 17.01% above where the stock opened this morning. See more in (NASDAQ:AMAT) Similar Articles: Market Update: Applied Materials Inc (NASDAQ:AMAT) – Applied Materials Surge on Earnings Beat, Guidance (AMAT) Company Update: Applied Materials Inc (NASDAQ:AMAT) – Applied Materials (AMAT) Stock Soars on Earnings Beat, Jim Cramer’s View Stock Update: Applied Materials Inc (NASDAQ:AMAT) – Applied Materials (AMAT) Stock Lower Ahead of Today’s Earnings Report