TE Connectivity (NYSE:TEL) will release its earnings data before the market opens on Wednesday, October 30th. Analysts expect TE Connectivity to post earnings of $1.30 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.08. TE Connectivity had a net margin of 22.94% and a return on equity of 18.33%. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the company posted $1.43 earnings per share. TE Connectivity’s revenue was down 5.4% on a year-over-year basis. On average, analysts expect TE Connectivity to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NYSE TEL opened at $93.92 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.47 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $92.42 and its two-hundred day moving average price is $91.22. TE Connectivity has a 52-week low of $69.84 and a 52-week high of $97.99. The stock has a market capitalization of $31.18 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.49 and a beta of 1.18.
In other news, Director Thomas J. Lynch sold 124,400 shares of TE Connectivity stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $93.41, for a total transaction of $11,620,204.00. Following the sale, the director now owns 290,316 shares of the company’s stock, valued at $27,118,417.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven T. Merkt sold 65,650 shares of TE Connectivity stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $93.55, for a total value of $6,141,557.50. Following the sale, the insider now directly owns 89,854 shares in the company, valued at approximately $8,405,841.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,500 shares of company stock worth $23,737,285. Corporate insiders own 0.80% of the company’s stock.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of TE Connectivity from a “hold” rating to a “sell” rating and set a $97.00 target price on the stock. in a report on Monday. ValuEngine cut shares of TE Connectivity from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Morgan Stanley cut shares of TE Connectivity from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $98.00 to $95.00 in a report on Monday, September 23rd. Wolfe Research assumed coverage on shares of TE Connectivity in a report on Tuesday, October 8th. They issued a “market perform” rating and a $91.00 target price on the stock. Finally, Citigroup cut shares of TE Connectivity from a “buy” rating to a “neutral” rating and cut their target price for the stock from $105.00 to $95.00 in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $92.06.
TE Connectivity Company Profile
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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