
AMETEK (AME) Stock Forecast & Price Target
AMETEK (AME) Analyst Ratings
Bulls say
Ametek, with its diverse portfolio of over 40 autonomous industrial businesses, has demonstrated solid performance in its Electronic Instruments Group (EIG), achieving a year-over-year sales increase of 1.7% and a noteworthy operating margin expansion of 35 basis points to 25.8%. The company's operating income for the Electronic Instruments segment rose by 14% year-over-year, reaching $349.9 million, with a robust operating margin of 30.3%, reflecting significant efficiency improvements. Additionally, Ametek's guidance for fiscal year 2024 suggests a sales growth of 5-7%, projecting full-year sales between $6.927 billion and $7.059 billion, highlighting strong underlying revenue trends and a positive outlook for future performance.
Bears say
AMETEK's outlook reflects a significant downgrade in expectations, with organic sales projected to be flat to down low single digits, a decline of four points from previous forecasts, indicating a concerning shift in growth momentum. The company has also revised its FY2024 adjusted EPS guidance down to a range of $6.70 to $6.80, which is 9 cents or 1.3% below consensus estimates, driven by ongoing destocking among OEM customers and delays in project spending due to customer uncertainty. Additionally, the decline in organic sales of 6% highlights weaknesses primarily in the automation and engineered solutions segments, suggesting potential ongoing operational challenges, particularly in key markets like Asia.
This aggregate rating is based on analysts' research of AMETEK and is not a guaranteed prediction by Public.com or investment advice.
AMETEK (AME) Analyst Forecast & Price Prediction
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