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

Amentum (NYSE:AMTM) announced its earnings results on Tuesday. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06, Zacks reports. Amentum updated its FY 2025 guidance to 2.000-2.200 EPS.

Amentum Trading Up 5.9 %

AMTM stock traded up $1.21 during trading on Wednesday, hitting $21.71. The company had a trading volume of 196,609 shares, compared to its average volume of 2,176,243. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a 50 day moving average of $22.07. Amentum has a 52-week low of $18.38 and a 52-week high of $34.50.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMTM. Royal Bank of Canada began coverage on shares of Amentum in a research note on Friday, January 10th. They issued a “sector perform” rating and a $24.00 target price on the stock. Truist Financial began coverage on shares of Amentum in a research note on Monday, October 14th. They issued a “buy” rating and a $31.00 target price on the stock. Finally, Raymond James began 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.