Stock Update: Applied Materials Inc (NASDAQ:AMAT) – Applied Materials Stock Trades Ex-Dividend Tuesday (AMAT)

[at Investopedia] – Applied Materials will send its dividend payment on June 16 to shareholders of record as of May 26. Read more on this. Applied Materials, Inc. (AMAT) , valued at $25.83B, opened this morning at $22.88. During the trading session, AMAT traded between $22.77 to $23.02 with its 52-week range being $14.25 to $23.02. Applied Materials (AMAT) shares are currently priced at 14.91x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.87x earnings multiple for the same period. And for income investors, the company pays shareholders $0.40 per share annually in dividends, yielding 1.77%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $0.48 per share, which would be $0.15 better than the year-ago quarter and a $0.13 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $1.52, which would be a $0.33 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.82 Billion. If reported, that would be a 13.25% increase over the year-ago quarter. In terms of ratings, Susquehanna downgraded AMAT from Neutral to Negative (Apr 19, 2016). Previously, UBS upgraded AMAT from Neutral to Buy. The average price target for AMAT shares is $25.48, which is 11.36% 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