Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Brokerages expect that A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) will report earnings per share (EPS) of $2.80 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for A-Mark Precious Metals’ earnings, with the lowest EPS estimate coming in at $2.51 and the highest estimate coming in at $3.09. A-Mark Precious Metals reported earnings per share of $4.28 in the same quarter last year, which would suggest a negative year-over-year growth rate of 34.6%. The business is expected to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, 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 year, analysts anticipate that the business will post earnings of $10.54 per share, with EPS estimates ranging from $8.00 to $13.07. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for A-Mark Precious Metals.
A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $1.10. A-Mark Precious Metals had a net margin of 1.77% and a return on equity of 41.21%. During the same period in the previous year, the business posted $8.84 earnings per share.
A number of research firms recently commented on AMRK. Zacks Investment Research upgraded shares of A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating and set a $76.00 price target for the company in a report on Tuesday, May 10th. StockNews.com began coverage on shares of A-Mark Precious Metals in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Northland Securities upped their price target on shares of A-Mark Precious Metals from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, May 25th. One research 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $89.25.
In other news, Director Jeffrey D. Benjamin sold 5,209 shares of the company’s 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory N. Roberts sold 12,000 shares of the company’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $70.77, for a total transaction of $849,240.00. The disclosure for this sale can be found here. Insiders sold a total of 117,217 shares of company stock valued at $8,778,709 over the last 90 days. Company insiders own 25.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in A-Mark Precious Metals during the 3rd quarter valued at about $26,000. Dorsey Wright & Associates bought a new stake in A-Mark Precious Metals during the 4th quarter worth approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in A-Mark Precious Metals during the 1st quarter worth approximately $61,000. New York State Teachers Retirement System bought a new stake in A-Mark Precious Metals during the 1st quarter worth approximately $62,000. Finally, Royal Bank of Canada raised its position in shares of A-Mark Precious Metals by 45.3% during the third quarter. Royal Bank of Canada now owns 985 shares of the company’s stock valued at $59,000 after buying an additional 307 shares during the last quarter. 43.08% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:AMRK opened at $74.01 on Friday. The firm’s fifty day moving average price is $75.20. A-Mark Precious Metals has a 52 week low of $42.20 and a 52 week high of $89.19. The company has a quick ratio of 0.46, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. The company has a market cap of $851.86 million, a price-to-earnings ratio of 6.11 and a beta of -0.45.
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 issued to shareholders after the market closes on Tuesday, June 7th.
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.
See Also
- Get a free copy of the StockNews.com research report on A-Mark Precious Metals (AMRK)
- MarketBeat: Week in Review 5/30 – 6/3
- Dividend Capture Strategy: What You Need to Know
- Xiaomi Co: Facing Macro Headwinds
- Don’t Bet On A Bounce For RH
- Okta On Verge Of Multi-Week Rally
Get a free copy of the Zacks research report on A-Mark Precious Metals (AMRK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider A-Mark Precious Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and A-Mark Precious Metals wasn’t on the list.
While A-Mark Precious Metals currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
In this episode, Kate’s guest is Tyler Laundon, editor of the Cabot Small-Cap Confidential and grand slam advisory Cabot Early Opportunities newsletters. Tyler shares his analysis of the small-cap asset class, within the lens of the broader market. He also offers some stocks he’s eyeing right now as potential watch-list candidates.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.
