AMETEK Raises FY18 Earnings Outlook - Quick Facts

(RTTNews) - AMETEK, Inc. (AME) on Thursday raised its fiscal 2018 guidance for earnings to a range of $3.25 to $3.27 per share from the prior guidance range of $3.16 to $3.20 per share.

The company also expects overall sales for the year to be up in low double digits percentage, with organic sales now up in the mid-to-high single digits.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.21 per share on sales growth of 11.3 percent to $4.79 billion for the year. Analysts' estimates typically exclude special items.

The company also projects fourth-quarter earnings in a range of $0.82 to $0.84 per share on sales growth of about 10 percent, with organic sales up in mid-single digits. Street is looking for earnings of $1.22 per share on sales growth of 7 percent to $920.17 million for the quarter.