Applied Materials, Inc. Raises FY2023 Earnings Estimates

Stock analysts at William Blair have increased their earnings estimates for Applied Materials, Inc. for the fiscal year 2023. The manufacturing equipment provider is now expected to post earnings per share of $7.89, up from a previous estimate of $7.23.

The consensus estimate for Applied Materials’ current full-year earnings is $7.85 per share. The research report also includes estimates for Applied Materials’ Q4 2023 earnings at $1.97 EPS, Q1 2024 earnings at $1.86 EPS, Q2 2024 earnings at $1.88 EPS, and FY2024 earnings at $7.79 EPS.

Applied Materials recently released its quarterly earnings results, reporting $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74. The company had a net margin of 24.27% and a return on equity of 49.29%. The firm’s revenue for the quarter was $6.43 billion, compared to the consensus estimate of $6.15 billion.

Several equities analysts have recently provided their ratings for Applied Materials. According to, the company has an average rating of “Moderate Buy” and an average target price of $150.41. The stock currently has a twelve-month low of $71.12 and a twelve-month high of $155.26.

In terms of institutional trading, many hedge funds and other investors have modified their holdings of Applied Materials. Insiders have also made significant transactions with company stock. CFO Brice Hill sold 1,000 shares at an average price of $150.04, while SVP Teri A. Little sold 10,000 shares at an average price of $142.00.

Applied Materials has also recently announced a quarterly dividend of $0.32 per share, which will be paid to shareholders on December 14th. The ex-dividend date is November 22nd.

Applied Materials, Inc. engages in the manufacturing of equipment, services, and software for the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.

– William Blair
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