Latest news with #AME
Yahoo
18-05-2025
- Business
- Yahoo
Was Jim Cramer Right About AMETEK (AME) Stock?
Back in 2024, on May 14, a caller asked about AMETEK, Inc (NYSE:AME), praising its chart and its role in electromechanical devices and gas analyzers for the semiconductor industry at the time. Cramer was enthusiastic back then, saying: "Oh man, come on, AME? Just one of the great industrials too. I mean, absolutely terrific company. Used to own a ton of it when I was at my hedge fund. I like what you're up to." Cramer's endorsement was modestly correct, with the stock rising 6.43% over the past year. AMETEK, Inc. (NYSE:AME) is a global manufacturer of precision instruments and electromechanical devices used across aerospace, power, and semiconductor industries. While we acknowledge the potential of AME to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AME and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Yahoo
15-05-2025
- Business
- Yahoo
AME Q1 Earnings Call: Margin Expansion Offsets Flat Revenue Amid Tariff Uncertainty
Electronic products manufacturer AMETEK (NYSE:AME) fell short of the market's revenue expectations in Q1 CY2025, with sales flat year on year at $1.73 billion. Its non-GAAP profit of $1.75 per share was 3.5% above analysts' consensus estimates. Is now the time to buy AME? Find out in our full research report (it's free). Revenue: $1.73 billion vs analyst estimates of $1.74 billion (flat year on year, 0.7% miss) Adjusted EPS: $1.75 vs analyst estimates of $1.69 (3.5% beat) Adjusted EBITDA: $561.2 million vs analyst estimates of $545.9 million (32.4% margin, 2.8% beat) Management reiterated its full-year Adjusted EPS guidance of $7.10 at the midpoint Operating Margin: 26.3%, up from 24% in the same quarter last year Free Cash Flow Margin: 22.8%, similar to the same quarter last year Organic Revenue was flat year on year, in line with the same quarter last year Market Capitalization: $41.41 billion AMETEK's first quarter results reflected the company's ability to maintain profitability despite flat year-over-year sales and revenue slightly below Wall Street expectations. Management attributed margin gains to operational discipline as well as ongoing cost improvements, particularly within the Engineered Materials Group, where order growth was notable in medical-related businesses like Paragon Medical. CEO Dave Zapico highlighted that the company's distributed operating structure, diversified portfolio, and focus on cost controls allowed it to deliver higher operating margins and free cash flow, even as macroeconomic uncertainty persisted. Looking ahead, AMETEK's leadership reiterated its full-year adjusted earnings per share guidance, citing confidence in tariff mitigation strategies and robust order backlogs. Management emphasized ongoing investments in research and engineering, targeted supply chain adjustments, and manufacturing localization as key levers to offset external pressures from trade policy changes. Zapico noted, 'We expect the benefits from these various mitigating actions to build throughout the year,' while also acknowledging that the timing of certain high-margin shipments to China could create near-term volatility in quarterly performance. AMETEK's management focused on operational execution, market diversification, and proactive tariff mitigation as central themes during the quarter. These factors were discussed as the main reasons for stable earnings and margin expansion despite sales remaining flat year over year. Order Growth in Medical Segment: Paragon Medical saw a significant rebound in orders, with management citing more than 25% growth as customers completed a destocking process. This improvement is expected to support stronger sales and margin gains in the second half of the year. Geographic Trends: U.S. markets delivered modest growth, offsetting slight declines in Europe and Asia. China sales fell by about 10%, with management attributing this to both local demand softness and the impact of tariffs. Tariff Response and Supply Chain Flexibility: Management outlined a comprehensive tariff mitigation plan, including strategic price increases, localized manufacturing, and supply chain shifts. The company expects to fully offset approximately $100 million in direct tariff exposure through these actions. Innovation and New Product Launches: The company highlighted recent launches such as Gatan's EDAX Elite Ultra x-ray spectroscopy system and Vision Research's Phantom KT-series cameras. These products leverage cross-business collaboration and are aimed at high-value research and industrial applications. Capital Allocation Priorities: AMETEK continues to prioritize acquisitions, but management also signaled readiness to deploy capital for opportunistic share repurchases given strong free cash flow and a robust balance sheet. A $1.25 billion repurchase authorization was noted as part of this flexible approach. Management's outlook for the remainder of the year centers on executing tariff mitigation strategies, advancing new product initiatives, and maintaining margin discipline amid shifting demand patterns and policy uncertainties. Tariff Mitigation Effects: The company's ability to pass through higher costs, adjust supply chains, and localize manufacturing is expected to protect margins and earnings against the impact of new trade tariffs, particularly those affecting China and Mexico. Order Backlog and Normalization: A near-record backlog and normalization of customer inventory levels in sectors like med tech and automation are anticipated to drive improved sales conversion in the second half of the year. Continued R&D Investment: Ongoing investments in research, development, and engineering are aimed at sustaining product differentiation, with management expecting these expenditures to support long-term growth in both core and adjacent markets. Matt Summerville (D.A. Davidson): Asked about the recovery in Paragon Medical orders and inventory destocking; management confirmed robust order growth and noted margin improvement is expected as volumes rise. Deane Dray (RBC Capital Markets): Inquired about geographic performance and tariff exposure; leadership detailed modest U.S. growth, international softness, and a $100 million annual direct tariff impact to be offset by mitigation actions. Jamie Cook (Truist): Questioned potential margin upside for Engineered Materials Group and the status of M&A management expects margin gains in the second half and emphasized an active acquisition pipeline despite some deal timing delays. Andrew Obin (Bank of America): Asked about opportunities arising from supply chain adjustments in response to tariffs; executives highlighted advantages from U.S.-based manufacturing and increased flexibility to win market share. Brett Linzey (Mizuho): Sought updates on automation OEM inventory levels and capital project delays; management noted destocking is nearing completion in the U.S. but continues in Europe, with some project decisions delayed but not canceled. In the coming quarters, the StockStory team will be monitoring (1) the pace at which AMETEK's order backlog converts to sales, especially as tariff-related shipment delays to China are resolved; (2) the effectiveness of price increases and localization strategies in sustaining operating margins; and (3) the impact of ongoing R&D investments and new product launches on market share gains. The timing and outcome of potential acquisitions will also be closely watched as a driver of future growth. AMETEK currently trades at a forward P/E ratio of 24.8×. Should you load up, cash out, or stay put? See for yourself in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
Business Insider
10-05-2025
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: Ametek (AME) and GFL Environmental (GFL)
There's a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Ametek (AME – Research Report) and GFL Environmental (GFL – Research Report) with bullish sentiments. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Ametek (AME) In a report released today, Scott Graham from Seaport Global reiterated a Buy rating on Ametek, with a price target of $195.00. The company's shares closed last Friday at $171.75. According to Graham is a 5-star analyst with an average return of 10.6% and a 59.8% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as A. O. Smith Corporation, nVent Electric, and Hubbell B. Currently, the analyst consensus on Ametek is a Moderate Buy with an average price target of $188.43, representing a 9.4% upside. In a report issued on May 2, KeyBanc also maintained a Buy rating on the stock. GFL Environmental (GFL) Seaport Global analyst John Mazzoni initiated coverage with a Buy rating on GFL Environmental today and set a price target of $58.00. The company's shares closed last Friday at $49.65. According to Mazzoni is a 4-star analyst with an average return of 26.6% and a 90.0% success rate. Mazzoni covers the Industrial Goods sector, focusing on stocks such as Republic Services, Waste Connections, and Waste Management. Currently, the analyst consensus on GFL Environmental is a Strong Buy with an average price target of $56.34, implying an 11.7% upside from current levels. In a report issued on May 1, Truist Financial also maintained a Buy rating on the stock.
Globe and Mail
01-05-2025
- Business
- Globe and Mail
AMETEK Q1 Earnings Surpass Expectations, Revenues Decline Y/Y
AMETEK, Inc. AME reported first-quarter 2025 non-GAAP earnings of $1.75 per share, beating the Zacks Consensus Estimate by 3.6%. The figure increased 7% year over year. AMETEK's top line of $1.73 billion missed the Zacks Consensus Estimate by 0.51%. The figure decreased 0.2% year over year. The company experienced declining sales in its largest EIG segment, partially offset by the year-over-year improvement in the EMG segment. The stock gained 3.8% in the past year, outperforming the Zacks Electronics - Testing Equipment industry's decline of 3.5%. Ametek's Q1 2025 Details EIG sales (65.9% of total revenue) in the first quarter were $1.14 billion, down 1% from the year-ago quarter's reported figure. The figure missed the Zacks Consensus Estimate of $1.15 billion. In the first quarter, revenues from EMG (34.1% of total revenues) were $588.3 million, up 2% from the year-ago quarter. The figure beat the consensus mark of $580 million. For the first quarter, operating income increased 2% year over year to $454.8 million and operating margin expanded by 60 basis points (bps) from the year-ago quarter. EIG's operating income in the quarter increased 0.3% to $354.1 million with operating income margins of 31%, reflecting an increase of 50 bps from the year-ago reported figure. EMG's first-quarter operating income was $128.7 million and operating income margins were 21.9% in the quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) AME's Balance Sheet & Cash Flow As of March 31, 2025, AME had cash and cash equivalents of $399 million compared with the previous quarter's $373.9 million. As of March 31, 2025, AME's long-term debt was $1.46 billion from the previous quarter's levels. Operating cash flow in the first quarter was $417.5 million, free cash flow was $394.5 million and free cash flow to net income conversion was 112%. AME Updates Guidance For 2025, AME still expects overall sales to be up in low single digits on a percentage basis compared to the 2024 reported level. The Zacks Consensus Estimate is pegged at $7.17 billion, indicating a year-over-year increase of 3.4%. The company reiterated its guidance for adjusted earnings per share in the range of $7.02-$7.18, suggesting an increase of 3-5%. The Zacks Consensus Estimate for earnings is pegged at $7.13 per share, indicating a year-over-year increase of 4.4%. Zacks Rank and Stocks to Consider Currently, AME carries a Zacks Rank #3 (Hold). Affirm AFRM, Super Micro Computer SMCI and Paycom Software PAYC are some better-ranked stocks that investors can consider in the broader Zacks Computer & Technology sector. AFRM, SMCI and PAYC sport a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today's Zacks #1 Rank stocks here. AFRM shares have gained 4% in the past year. The Zacks Consensus Estimate for AFRM's 2025 is pegged at a loss of 6 cents per share, narrowed by 7 cents over the past 60 days, suggesting growth of 96.7% from the year-ago quarter's reported figure. SMCI shares have plunged 56.4% in the past year. The Zacks Consensus Estimate for SMCI's fiscal 2025 earnings has been revised downward to $2.52 in the past seven days, suggesting year-over-year growth of 14%. PAYC shares have gained 6% over the past year. The Zacks Consensus Estimate for PAYC's 2025 earnings is pegged at $8.72 per share, implying a rise of 6.21% from the year-ago quarter's levels. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMETEK, Inc. (AME): Free Stock Analysis Report Super Micro Computer, Inc. (SMCI): Free Stock Analysis Report Paycom Software, Inc. (PAYC): Free Stock Analysis Report Affirm Holdings, Inc. (AFRM): Free Stock Analysis Report
The Citizen
24-04-2025
- General
- The Citizen
AME Church extends Easter blessings to the community
SEBOKENG.- In the true spirit of compassion and service, the African Methodist Episcopal (AME) Church – Dare Mae Robinson in Zone 11, Sebokeng, under the dynamic leadership of Pastor Motsiri Mokotedi, concluded the Easter weekend with a powerful act of generosity and solidarity. Just over a year ago, upon assuming pastoral leadership, Pastor Mokotedi introduced a transformative initiative known as the Benevolent Offering – a term unfamiliar to many within the congregation at the time, but one that has since become a cornerstone of the church's outreach philosophy. Over the last Easter weekend, that vision came to life as Pastor Mokotedi, supported by various church structures and ministries, led a heartfelt mission to the community of Sonderwater near Evaton. Through the Benevolent Offering, the church shared essential goods and support with families in need, affirming the core Christian values of love, unity, and social justice. 'This is more than charity – it is a statement of faith in action,' said Pastor Mokotedi. He added, 'We are called to be the hands and feet of Christ in our communities, and that means responding to the needs of the most vulnerable with compassion and consistency.' The church remains committed to continued outreach efforts that uplift previously disadvantaged communities and restore dignity to those often left behind. 'The Easter outreach to Sonderwater is a reminder that the resurrection message is not confined to the pulpit – it lives on in how we treat one another, especially the poor, the forgotten, and the hurting,' Pastor Mokotedi said. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
