A-Mark Precious Metals (NASDAQ:AMRK) Issues Earnings Results, Misses Estimates By $0.10 EPS

A-Mark Precious Metals (NASDAQ:AMRK) issued its quarterly earnings data on Thursday. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.10), Zacks reports. A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%.

A-Mark Precious Metals Trading Up 1.0 %

Shares of AMRK stock opened at $28.58 on Friday. A-Mark Precious Metals has a 1-year low of $24.22 and a 1-year high of $47.39. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The stock has a market cap of $662.48 million, a price-to-earnings ratio of 12.16 and a beta of -0.02. The stock has a 50-day moving average of $27.69 and a 200-day moving average of $34.54.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals’s payout ratio is presently 34.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMRK. Northland Securities dropped their price target on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, DA Davidson reduced their price target on A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating on the stock in a report on Friday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.75.

A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through 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.