A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Expected to Announce Earnings of $2.80 Per Share
Analysts expect that A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) will post $2.80 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for A-Mark Precious Metals’ earnings, with the highest EPS estimate coming in at $3.09 and the lowest estimate coming in at $2.51. A-Mark Precious Metals reported earnings per share of $4.28 during the same quarter last year, which would suggest a negative year-over-year growth rate of 34.6%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that A-Mark Precious Metals will report full-year earnings of $10.64 per share for the current fiscal year, with EPS estimates ranging from $10.35 to $10.93. For the next financial year, analysts expect that the company will post earnings of $10.54 per share, with EPS estimates ranging from $8.00 to $13.07. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for A-Mark Precious Metals.
A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $1.10. A-Mark Precious Metals had a return on equity of 41.21% and a net margin of 1.77%. During the same quarter in the previous year, the company posted $8.84 earnings per share.
A number of equities analysts have recently commented on the company. StockNews.com assumed coverage on A-Mark Precious Metals in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating and set a $76.00 target price for the company in a report on Tuesday, May 10th. Finally, Northland Securities upped their target price on A-Mark Precious Metals from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, May 25th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $89.25.
A-Mark Precious Metals stock opened at $74.01 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.46. A-Mark Precious Metals has a 52 week low of $42.20 and a 52 week high of $89.19. The firm has a market cap of $851.86 million, a PE ratio of 6.11 and a beta of -0.45. The stock’s fifty day simple moving average is $75.20.
A-Mark Precious Metals shares are going to split on Tuesday, June 7th. The 2-1 split was announced on Tuesday, June 7th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, June 7th.
In other news, Director Michael R. Wittmeyer sold 35,186 shares of the stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $74.37, for a total value of $2,616,782.82. Following the completion of the sale, the director now owns 257,803 shares of the company’s stock, valued at $19,172,809.11. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey D. Benjamin sold 5,209 shares of the stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $70.30, for a total value of $366,192.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,217 shares of company stock valued at $8,778,709. Insiders own 25.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter valued at about $26,000. Dorsey Wright & Associates bought a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at about $44,000. Royal Bank of Canada boosted its holdings in A-Mark Precious Metals by 45.3% in the third quarter. Royal Bank of Canada now owns 985 shares of the company’s stock worth $59,000 after acquiring an additional 307 shares in the last quarter. Citigroup Inc. boosted its holdings in A-Mark Precious Metals by 139.7% in the third quarter. Citigroup Inc. now owns 997 shares of the company’s stock worth $60,000 after acquiring an additional 581 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in A-Mark Precious Metals in the first quarter worth approximately $61,000. Institutional investors own 43.08% of the company’s stock.
A-Mark Precious Metals Company Profile (Get Rating)
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.
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