Amphenol (NYSE:APH) Posts Earnings Results, Beats Estimates By $0.07 EPS

Amphenol (NYSE:APH) released its quarterly earnings results on Wednesday. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07, Briefing.com reports. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The firm’s revenue for the quarter 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 Trading Up 2.3 %

NYSE APH opened at $119.00 on Friday. Amphenol has a 52 week low of $72.00 and a 52 week high of $119.59. 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. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 2.06. The stock’s 50 day moving average price is $111.74 and its two-hundred day moving average price is $99.44.

Amphenol Announces Dividend

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

Amphenol announced that its board has approved a stock buyback plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction 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 transaction, the vice president now owns 25,700 shares in the company, valued at approximately $2,692,075. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Doherty sold 170,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock worth $31,846,050 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on APH. Citigroup lifted their price objective on Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Robert W. Baird boosted their price objective on Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America boosted their price objective on Amphenol from $121.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group boosted their price objective on Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Amphenol from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average price target of $118.83.

About Amphenol

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.