Amentum (NYSE:AMTM) Posts Earnings Results, Beats Expectations By $0.06 EPS

Amentum (NYSE:AMTM) released its quarterly earnings results on Tuesday. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06, Zacks reports.

Amentum Price Performance

Shares of AMTM stock traded up $0.09 on Tuesday, hitting $20.49. The stock had a trading volume of 1,703,637 shares, compared to its average volume of 2,266,995. The firm has a 50 day moving average of $22.15. Amentum has a 1 year low of $18.38 and a 1 year high of $34.50. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AMTM shares. Truist Financial began coverage on Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 price target for the company. Royal Bank of Canada assumed coverage on shares of Amentum in a research note on Friday, January 10th. They set a “sector perform” rating and a $24.00 target price for the company. Finally, Raymond James assumed coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target on the stock.

About Amentum

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.