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4 Technology Stocks Poised to Beat Earnings Estimates in Q4
ZACKS· 2025-01-30 13:40
4 Technology Stocks Poised to Beat Earnings Estimates in Q4The technology sector saw growth in the fourth quarter of 2024, driven by strong adoption of Artificial Intelligence (AI) and machine learning, as well as Generative AI (GenAI).The sector is riding on the ongoing digitalization wave. The rapid adoption of cloud computing, 5G, the Internet of Things, wearables, headsets supporting augmented and virtual reality technologies, drones, robotics, cybersecurity, blockchain and quantum computing is expected ...
Ametek (AME) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-01-28 16:06
Wall Street expects a year-over-year increase in earnings on higher revenues when Ametek (AME) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 4. On t ...
AMETEK Announces Fourth Quarter 2024 Earnings Call and Webcasted Investor Conference Call Information
Prnewswire· 2025-01-16 13:00
Core Insights - AMETEK, Inc. will release its fourth quarter 2024 earnings before the market opens on February 4, 2025 [1] - An investor conference call will be held on the same day at 8:30 AM ET, accessible via a live audio webcast [2] Company Profile - AMETEK is a leading global provider of industrial technology solutions with sales of approximately $7.0 billion [3] - The company employs a Growth Model that integrates four strategies: Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions [3] - AMETEK aims for double-digit percentage growth in earnings per share over the business cycle and seeks a superior return on total capital [3] - Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500 [3]
Pacific Ridge Attending AME Roundup
Newsfile· 2025-01-16 12:00
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) ("Pacific Ridge" or the "Company") is pleased to announce that it will be attending AME Roundup and that drill core from the Chuchi copper-gold project, located in B.C., has been selected for display at the Core Shack.Management will be present at booth #216, from January 20-23, to discuss the newly acquired U.S. copper and gold project portfolio, the B.C. copper project ...
Dryden Gold Corp to Participate at the Metals Investor Forum and AME Roundup
Newsfile· 2025-01-15 11:00
Company Participation - Dryden Gold Corp will participate in the Metals Investor Forum in Vancouver on January 17th and 18th, 2025, where President Maura Kolb will present [1] - The company will also be present at the AME Roundup on January 20th and 21st, 2025, at Core Shack 821 [2] Event Details - The Metals Investor Forum features top-tier companies selected by leading newsletter editors, providing actionable insights for investors [3] - AME Roundup is a significant event for networking among geoscientists, prospectors, financiers, and investors, featuring various opportunities for knowledge exchange [4] Company Overview - Dryden Gold Corp is focused on discovering high-grade gold mineralization and is listed on the TSX Venture Exchange and OTCQB marketplace [5] - The company controls a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario, which includes historic gold mines with limited modern exploration [5] - The property has high-grade gold mineralization over a potential strike length of 50 kilometers along the Manitou-Dinorwic deformation zone and benefits from excellent infrastructure and relationships with First Nations communities [5]
AMETEK Appoints Narayan Vishwanathan Vice President and General Manager, Materials Analysis Division
Prnewswire· 2024-12-02 13:00
BERWYN, Pa., Dec. 2, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Narayan Vishwanathan as Vice President and General Manager, Materials Analysis Division. Mr. Vishwanathan most recently served as Divisional Vice President and Business Unit Manager for the Electron Microscopy Technologies (EMT) businesses within AMETEK's Materials Analysis Division."I am very pleased to announce Narayan's promotion to Vice President and General Manager," commented David A. Zapico, AMETEK C ...
Ametek (AME) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2024-11-14 15:56
From a technical perspective, AMETEK, Inc. (AME) is looking like an interesting pick, as it just reached a key level of support. AME's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-d ...
Don't Overlook Ametek (AME) International Revenue Trends While Assessing the Stock
ZACKS· 2024-11-06 15:15
Have you assessed how the international operations of Ametek (AME) performed in the quarter ended September 2024? For this maker of electronic instruments and electromechanical devices, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial ...
Ametek Q3 Earnings Beat: Will Strong Guidance Lift the Stock?
ZACKS· 2024-11-01 14:20
Ametek (AME) reported better-than-expected results for third-quarter 2024. AME reported adjusted earnings (non-GAAP) of $1.66 per share, which surpassed the Zacks Consensus Estimate by 2.5%. The figure increased 1.2% from the year-ago period. AME’s third-quarter 2024 revenues were $1.71 billion, which increased 5% from the year-ago quarter. The figure surpassed the consensus mark of $1.69 billion. The top-line growth can be attributed to the strong performance across the Electromechanical Group (EMG) and El ...
AMETEK(AME) - 2024 Q3 - Earnings Call Transcript
2024-10-31 18:39
Financial Data and Key Metrics Changes - Third quarter sales were $1.71 billion, up 5% from the same period in 2023, with organic sales down 2% and acquisitions contributing 7.5 points [9][11] - Operating income increased to $446 million, a 2% increase over the third quarter of 2023, with operating margins at 26.1% [10] - EBITDA was $553 million, up 4% year-over-year, with EBITDA margins at 31.2% [11] - Earnings per diluted share were $1.66, up 1% from the third quarter of 2023, exceeding guidance [11] - Free cash flow was $461 million, up 4% year-over-year, with a free cash flow conversion rate of 135% [32] Business Line Data and Key Metrics Changes - **Electronic Instruments Group (EIG)**: Sales were $1.13 billion, organic sales down 2%, with operating income at $339 million and operating margins at 29.9% [12][13] - **Electromechanical Group (EMG)**: Sales were $574 million, up 18% year-over-year, with organic sales down 3% and operating income at $132 million, operating margins at 22.9% [14][15] Market Data and Key Metrics Changes - Strong growth in Aerospace & Defense, with mid-single-digit growth in both overall and organic sales [44] - Power and industrial businesses saw mid-single-digit growth driven by recent acquisitions, while organic sales were down low single digits [45] - Automation & Engineered Solutions market segment sales increased in the low 20% range, but organic sales declined high single digits due to inventory normalization [46] - Asia business grew, with China up 10%, while the US experienced some declines [47] Company Strategy and Development Direction - The company is focused on strategic acquisitions as a core component of its growth model, recently acquiring Virtek Vision [17][19] - Plans to invest an additional $90 million in growth initiatives, including new product development [21] - The Vitality Index, measuring sales from products introduced over the past three years, was 28% [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic challenges and maintaining long-term growth [25] - The company raised its earnings guidance for the full year, expecting sales to be up 5% to 7% and diluted earnings per share in the range of $6.77 to $6.82 [24] - Management noted that destocking issues are expected to continue but are not indicative of overall demand decline [39][49] Other Important Information - The company ended the quarter with a strong backlog of $3.44 billion [9] - Total debt was $2.34 billion, down $360 million in the quarter, with cash and cash equivalents of $396 million [34] Q&A Session Summary Question: Update on medical and life sciences markets - Management noted that destocking is occurring as OEM customers work down excess inventory, but order trends are stabilizing [38] Question: Comments on end markets and China - Aerospace & Defense showed strong performance, while the process business saw low single-digit declines [43][44] Question: Impact of project delays - Project delays were noted in the EIG test and measurement businesses, but the order funnel remains strong [40] Question: Update on Paragon and EMG orders - Paragon is well-positioned for future growth, and all divisions within EMG saw substantial order increases [55][54] Question: Acquisition pipeline and market conditions - The acquisition pipeline remains robust, with management feeling optimistic about upcoming opportunities [65] Question: Price and cost spread outlook - Price increases were noted at three points across the portfolio, with a positive spread to the P&L [97]