Amphenol (NYSE:APH) Updates Q2 2024 Earnings Guidance

Amphenol (NYSE:APH) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.790-0.810 for the period, compared to the consensus earnings per share estimate of 0.790. The company issued revenue guidance of $3.2 billion-$3.3 billion, compared to the consensus revenue estimate of $3.3 billion. Amphenol also updated its Q2 guidance to $0.79-0.81 EPS.

Analyst Ratings Changes

A number of brokerages have weighed in on APH. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $118.00 to $125.00 and gave the company an overweight rating in a research report on Thursday, April 11th. Robert W. Baird lifted their price target on shares of Amphenol from $100.00 to $106.00 and gave the company an outperform rating in a research report on Thursday, January 25th. Evercore ISI lifted their price target on shares of Amphenol from $110.00 to $125.00 and gave the company an outperform rating in a research report on Monday, March 25th. Bank of America lifted their price target on shares of Amphenol from $117.00 to $121.00 and gave the company a buy rating in a research report on Thursday, April 18th. Finally, The Goldman Sachs Group lifted their price target 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Amphenol has an average rating of Moderate Buy and an average target price of $113.75.

Amphenol Stock Up 1.8 %

Shares of NYSE:APH traded up $2.05 during midday trading on Wednesday, reaching $116.31. The company had a trading volume of 7,624,930 shares, compared to its average volume of 2,853,614. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. The stock’s fifty day moving average price is $111.23 and its 200-day moving average price is $99.18. The stock has a market capitalization of $69.97 billion, a P/E ratio of 37.40, a PEG ratio of 3.00 and a beta of 1.30. Amphenol has a one year low of $72.00 and a one year high of $119.59.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Equities research analysts expect that Amphenol will post 3.28 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the transaction, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 305,000 shares of company stock worth $31,846,050. Insiders own 1.80% of the company’s stock.

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.