How To Earn $500 A Month From Applied Materials Stock Ahead Of Q2 Earnings Report
Portfolio Pulse from Avi Kapoor
Applied Materials, Inc. (NASDAQ:AMAT) is set to release its Q2 earnings report, with analysts expecting earnings of $1.99 per share and revenue of $6.54 billion. Jefferies analyst Blayne Curtis downgraded the stock from Buy to Hold and reduced the price target from $215 to $210. The company's dividend yield is currently 0.74%, translating to a quarterly dividend of 40 cents per share. Shares of Applied Materials rose 3.7% to close at $217.49 on Wednesday.
May 16, 2024 | 12:22 pm
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Applied Materials is expected to report Q2 earnings of $1.99 per share and revenue of $6.54 billion. Jefferies downgraded the stock from Buy to Hold and reduced the price target to $210. The company's dividend yield is 0.74%. Shares rose 3.7% to $217.49.
The upcoming earnings report and the recent downgrade by Jefferies are significant events. The expected earnings and revenue figures are positive, but the downgrade and reduced price target may offset this. The dividend yield is relatively low, and the stock price has recently increased.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100