AMETEK Inc. (AME) Earnings Surprise by 5.00% in 9/29/2019: What Dose This Mean?

AMETEK Inc. (AME) is owned by a number of high-value investors. Its largest direct holder is Elizabeth R. Varet Independent Director with 85,670 shares. The second-largest direct holder is William J. Burke Executive Vice President and Chief Financial Officer, with 69,016 shares of the company’s stock. In third place with 59,346 shares of AME is John Wesley Hardin President, Electronic Instruments.

Now turning to institutional ownership of AMETEK Inc. (AME), The Vanguard Group, Inc. is the top holder with 24.27 million shares. The next largest fund holder of this company’s stock is BlackRock Fund Advisors with 12.11 million shares. In the third-place spot with 11.17 million shares is Fidelity Management & Research Co..

This company’s stock price was $97.54 at the previous market close, with its latest volume reaching 1153484. Compare that to its average daily volume of 1.17M. Given the fact that this stock has 229.70M shares outstanding, its current market value is sitting at $22.40B. This publicly-traded stock’s 60-month Beta is 1.23. Its Price to Sales ratio is 4.37, its Price to Cash Flow ratio is 30.47, and its Price to Book ratio is 4.57.

AME stock has achieved a 5-day range of $97.50 to $99.74, with a total performance of -1.19% during that period. Meanwhile, in the past month of trading, this stock has traded in the range of $94.44 to $99.74, generating a +3.55% change during the period. In the past three months, this stock’s price has changed by +13.51%, trading in the range of $82.76 to $99.74.

In the past 5 days, shares of AME have made a new high 2 times. In the last month, it has made a new high 8 times, and in the past 3 months, it has made a new high 21 times.

Now let’s turn to this public company’s earnings. For the quarter ending 9/29/2019, the earnings per share (EPS) was reported at 1.06. This is a 0.05 difference compared to the consensus estimate of 1.01, amounting to an earnings surprise of 5.00%. In the previous quarter, which ended in 9/29/2019, the consensus estimate was 1.02, making for an earnings surprise of 2.90%. For the quarter ending 3/30/2019, EPS was reported at 1, generating a 3.10% earnings surprise.

The Net Income for the most recent full fiscal year, which ended in 12-2018, was $777.93 million. This is compared to the prior year, where Net Income was $681.47 million. Meanwhile, this company’s Operating Cash Flow was $925.52 million for the year, compared to $833.26 million in 2017. Capital Expenditures for the year were reportedly -$82.08 million, compared to -$75.07 million, and Free Cash flow was $843.44 million compared to the prior year’s $758.18 million.

AMETEK Inc. (AME) stock currently has a Financial Strength score of 6/10. This is due to a combination of factors, including a Cash to Debt ratio of 0.28, an Equity to Asset ratio of 0.53, a Debt to Equity ratio of 0.54 and a Debt to EBITDA of 1.91. The Interest Coverage of this stock is 13.55, its Piotroski F-Score is 7, its Altman Z-Score is 5.18 and its Beneish M-Score is -2.55.

This publicly-traded company’s Profitability and Growth score is 9/10, thanks to a combination of things: an Operating Margin of 22.67, a Net Margin of 16.62, a ROE of 18.73, and a ROC of 89.54.

Shifting focus now to Valuation and Return for AME, this company’s Price to Median PS Value is 1.43. Price to Peter Lynch Fair Value for AME is now 3.59. Meanwhile, its Forward Rate of Return (Yactman) is 10.61.

Certain ratios provide helpful insights into how a stock is performing. The Quick Ratio for AME is sitting at 1.48, while its Current Ratio is 2.05 and its PEG Ratio is 4.12. This stock’s PB Ratio is 4.59, its PS Ratio is 4.38, its Forward PE Ratio is 22.52, and its PE Ratio without NRI is 26.34. Similarly, its Shiller PE Ratio is 39.56, its Price to Owner Earnings is 23.11, its Price to Free Cash Flow is 23.05 and its Price to Operating Cash Flow is 20.99.