Brokerages expect Amphenol Co. (NYSE:APH) to announce earnings per share (EPS) of $0.91 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Amphenol’s earnings, with estimates ranging from $0.90 to $0.92. Amphenol posted earnings of $1.05 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 13.3%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, January 22nd.
On average, analysts expect that Amphenol will report full year earnings of $3.66 per share for the current financial year, with EPS estimates ranging from $3.63 to $3.68. For the next fiscal year, analysts anticipate that the company will report earnings of $3.97 per share, with EPS estimates ranging from $3.87 to $4.10. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Amphenol.
Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.08. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Amphenol had a return on equity of 28.19% and a net margin of 14.15%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS.
Several brokerages recently weighed in on APH. JPMorgan Chase & Co. began coverage on shares of Amphenol in a research report on Tuesday, October 22nd. They set a “neutral” rating and a $104.00 price target for the company. Wells Fargo & Co reiterated a “buy” rating on shares of Amphenol in a research note on Monday, September 16th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $103.91.
In other Amphenol news, VP Jean-Luc Gavelle sold 54,800 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $100.81, for a total value of $5,524,388.00. Following the transaction, the vice president now directly owns 54,800 shares in the company, valued at approximately $5,524,388. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 13,500 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $101.45, for a total transaction of $1,369,575.00. Following the completion of the sale, the vice president now directly owns 17,000 shares of the company’s stock, valued at approximately $1,724,650. The disclosure for this sale can be found here. Insiders sold 577,760 shares of company stock valued at $58,686,372 in the last ninety days. 2.60% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Amphenol by 1.2% in the second quarter. Vanguard Group Inc. now owns 32,440,400 shares of the electronics maker’s stock valued at $3,112,332,000 after purchasing an additional 398,014 shares during the period. BlackRock Inc. raised its holdings in Amphenol by 2.0% in the second quarter. BlackRock Inc. now owns 22,903,031 shares of the electronics maker’s stock valued at $2,197,317,000 after acquiring an additional 456,490 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Amphenol by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 13,234,689 shares of the electronics maker’s stock valued at $1,269,736,000 after acquiring an additional 59,996 shares in the last quarter. State Street Corp lifted its stake in Amphenol by 3.3% in the third quarter. State Street Corp now owns 13,125,357 shares of the electronics maker’s stock worth $1,269,863,000 after acquiring an additional 416,897 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Amphenol by 4.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,358,455 shares of the electronics maker’s stock worth $903,091,000 after acquiring an additional 399,399 shares in the last quarter. 94.23% of the stock is currently owned by hedge funds and other institutional investors.
NYSE APH traded down $1.18 during trading hours on Tuesday, reaching $101.52. The stock had a trading volume of 9,768 shares, compared to its average volume of 964,662. The stock has a fifty day moving average of $101.54 and a 200 day moving average of $94.80. The stock has a market cap of $30.84 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 2.96 and a beta of 1.03. Amphenol has a 52-week low of $74.95 and a 52-week high of $105.51. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.39 and a current ratio of 1.99.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.99%. Amphenol’s dividend payout ratio is presently 26.53%.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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