Amphenol (NYSE:APH) Announces Earnings Results, Beats Expectations By $0.07 EPS

Amphenol (NYSE:APH) posted its quarterly earnings data on Wednesday. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07, Briefing.com reports. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Amphenol updated its Q2 guidance to $0.79-0.81 EPS and its Q2 2024 guidance to 0.790-0.810 EPS.

Amphenol Price Performance

Shares of NYSE APH opened at $119.00 on Friday. The stock has a market capitalization of $71.59 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 3.10 and a beta of 1.30. Amphenol has a 12 month low of $72.00 and a 12 month high of $119.59. The firm’s 50 day simple moving average is $111.74 and its 200-day simple moving average is $99.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.48.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.74%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The disclosure for this sale can be found here. Insiders have sold 305,000 shares of company stock valued at $31,846,050 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

Amphenol announced that its Board of Directors has approved a share repurchase program on Wednesday, April 24th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Robert W. Baird boosted their price objective on shares of Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup boosted their price objective on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Bank of America boosted their price objective on shares of Amphenol from $121.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group began coverage on shares of Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price target on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.83.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.