Wall Street brokerages expect Amphenol Co. (NYSE:APH) to report $0.81 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Amphenol’s earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.83. Amphenol reported earnings of $0.75 per share during the same quarter last year, which indicates a positive year over year growth rate of 8%. The firm is expected to report its next earnings results before the market opens on Wednesday, January 24th.
On average, analysts expect that Amphenol will report full year earnings of $3.21 per share for the current fiscal year, with EPS estimates ranging from $3.20 to $3.22. For the next year, analysts expect that the firm will post earnings of $3.44 per share, with EPS estimates ranging from $3.37 to $3.58. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Amphenol.
Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. Amphenol had a net margin of 14.73% and a return on equity of 25.63%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business posted $0.73 earnings per share. Amphenol’s revenue for the quarter was up 12.5% on a year-over-year basis.
Several equities research analysts have issued reports on the stock. Cowen reiterated a “buy” rating and set a $105.00 target price on shares of Amphenol in a research report on Wednesday. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Wednesday. Deutsche Bank lifted their target price on shares of Amphenol from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. Finally, Canaccord Genuity restated a “hold” rating on shares of Amphenol in a report on Monday, October 16th. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $89.60.
In related news, Director Diana G. Reardon sold 503,000 shares of Amphenol stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total value of $45,637,190.00. Following the transaction, the director now directly owns 260,000 shares of the company’s stock, valued at $23,589,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Craig A. Lampo sold 10,000 shares of Amphenol stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.51, for a total transaction of $895,100.00. Following the completion of the transaction, the chief financial officer now directly owns 35,000 shares in the company, valued at $3,132,850. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 849,000 shares of company stock valued at $75,518,690. Company insiders own 2.51% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. People s United Financial Inc. increased its stake in shares of Amphenol by 6.8% in the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after buying an additional 95 shares during the period. Comerica Securities Inc. increased its stake in shares of Amphenol by 6.2% in the second quarter. Comerica Securities Inc. now owns 4,213 shares of the electronics maker’s stock worth $312,000 after buying an additional 245 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Amphenol by 1.6% in the second quarter. Riverhead Capital Management LLC now owns 19,538 shares of the electronics maker’s stock worth $1,442,000 after buying an additional 308 shares during the period. Prudential PLC increased its stake in shares of Amphenol by 1.5% in the second quarter. Prudential PLC now owns 27,900 shares of the electronics maker’s stock worth $2,060,000 after buying an additional 400 shares during the period. Finally, Flinton Capital Management LLC increased its stake in shares of Amphenol by 1.7% in the second quarter. Flinton Capital Management LLC now owns 26,418 shares of the electronics maker’s stock worth $1,950,000 after buying an additional 442 shares during the period. 96.55% of the stock is currently owned by institutional investors.
Shares of Amphenol (APH) opened at $91.83 on Friday. Amphenol has a 1 year low of $66.00 and a 1 year high of $91.94. The stock has a market cap of $28,039.28, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 2.41 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th were issued a $0.19 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.83%. Amphenol’s payout ratio is 24.20%.
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Amphenol Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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