Saturday, May 14, 2022
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Zacks: Analysts Count on A-Mark Treasured Metals, Inc. (NASDAQ:AMRK) to Submit $2.59 EPS

Equities analysis analysts anticipate that A-Mark Treasured Metals, Inc. (NASDAQ:AMRK – Get Ranking) will announce earnings per share of $2.59…

By Staff , in Precious Metals , at May 14, 2022



Equities analysis analysts anticipate that A-Mark Treasured Metals, Inc. (NASDAQ:AMRK – Get Ranking) will announce earnings per share of $2.59 for the present fiscal quarter, Zacks studies. Two analysts have made estimates for A-Mark Treasured Metals’ earnings, with the very best EPS estimate coming in at $2.67 and the bottom estimate coming in at $2.51. A-Mark Treasured Metals reported earnings per share of $4.28 throughout the identical quarter final 12 months, which signifies a damaging year-over-year development price of 39.5%. The agency is predicted to report its subsequent earnings report on Monday, January 1st.

On common, analysts anticipate that A-Mark Treasured Metals will report full 12 months earnings of $10.43 per share for the present fiscal 12 months, with EPS estimates starting from $10.35 to $10.51. For the subsequent monetary 12 months, analysts forecast that the agency will submit earnings of $8.28 per share, with EPS estimates starting from $8.00 to $8.55. Zacks’ EPS averages are a mean based mostly on a survey of analysts that cowl A-Mark Treasured Metals.

A-Mark Treasured Metals (NASDAQ:AMRK – Get Ranking) final introduced its quarterly earnings information on Thursday, Might fifth. The corporate reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $1.10. A-Mark Treasured Metals had a web margin of 1.77% and a return on fairness of 41.21%. Throughout the identical interval final 12 months, the enterprise posted $8.84 earnings per share.

AMRK has been the topic of a variety of current analysis studies. Northland Securities initiated protection on shares of A-Mark Treasured Metals in a report on Tuesday, April nineteenth. They issued an “outperform” ranking and a $105.00 worth goal for the corporate. StockNews.com began protection on shares of A-Mark Treasured Metals in a report on Thursday, March thirty first. They set a “maintain” ranking for the corporate. Lastly, Zacks Funding Analysis upgraded shares of A-Mark Treasured Metals from a “maintain” ranking to a “strong-buy” ranking and set a $76.00 worth goal for the corporate in a report on Tuesday. One analyst has rated the inventory with a maintain ranking, three have issued a purchase ranking and one has issued a powerful purchase ranking to the inventory. In line with information from MarketBeat.com, A-Mark Treasured Metals has a mean ranking of “Purchase” and a mean goal worth of $85.50.

Shares of AMRK opened at $63.57 on Friday. The corporate has a market cap of $731.94 million, a price-to-earnings ratio of 5.25 and a beta of -0.45. The corporate has a present ratio of 1.43, a fast ratio of 0.57 and a debt-to-equity ratio of 0.21. A-Mark Treasured Metals has a fifty-two week low of $42.20 and a fifty-two week excessive of $89.19. The enterprise has a 50 day easy transferring common of $76.25.

A-Mark Treasured Metals’s inventory goes to separate earlier than the market opens on Tuesday, June seventh. The two-1 cut up was introduced on Tuesday, June seventh. The newly created shares might be distributed to shareholders after the closing bell on Tuesday, June seventh.

In different A-Mark Treasured Metals information, Director Jeffrey D. Benjamin bought 5,209 shares of the enterprise’s inventory in a transaction on Monday, March 14th. The shares had been bought at a mean worth of $70.30, for a complete transaction of $366,192.70. The sale was disclosed in a submitting with the SEC, which could be accessed by means of this hyperlink. Additionally, Director Beverley Lepine bought 500 shares of the enterprise’s inventory in a transaction on Thursday, March tenth. The shares had been bought at a mean worth of $73.54, for a complete transaction of $36,770.00. The disclosure for this sale could be discovered right here. Insiders have bought a complete of 41,233 shares of firm inventory valued at $2,975,497 during the last quarter. 25.60% of the inventory is at present owned by firm insiders.

Massive buyers have lately added to or decreased their stakes within the firm. Point72 Hong Kong Ltd bought a brand new stake in shares of A-Mark Treasured Metals within the third quarter value about $26,000. Dorsey Wright & Associates bought a brand new stake in shares of A-Mark Treasured Metals within the 4th quarter value about $44,000. Royal Financial institution of Canada grew its place in shares of A-Mark Treasured Metals by 45.3% within the third quarter. Royal Financial institution of Canada now owns 985 shares of the corporate’s inventory value $59,000 after shopping for an extra 307 shares throughout the interval. Citigroup Inc. grew its place in shares of A-Mark Treasured Metals by 139.7% within the third quarter. Citigroup Inc. now owns 997 shares of the corporate’s inventory value $60,000 after shopping for an extra 581 shares throughout the interval. Lastly, Zurcher Kantonalbank Zurich Cantonalbank bought a brand new stake in shares of A-Mark Treasured Metals within the 1st quarter value about $61,000. 43.08% of the inventory is at present owned by hedge funds and different institutional buyers.

About A-Mark Treasured Metals (Get Ranking)

A-Mark Treasured Metals, Inc, along with its subsidiaries, operates as a valuable metals buying and selling firm. It operates in three segments: Wholesale Gross sales & Ancillary Companies, Direct-to-Client, and Secured Lending. The Wholesale Gross sales & Ancillary Companies phase sells gold, silver, platinum, and palladium within the type of bars, plates, powders, wafers, grains, ingots, and cash.

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