Amphenol (NYSE:APH) Announces Earnings Results

Amphenol (NYSE:APH) posted its quarterly earnings data on Wednesday. The electronics maker reported $0.80 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Amphenol updated its Q2 guidance to $0.79-0.81 EPS and its Q2 2024 guidance to 0.790-0.810 EPS.

Amphenol Stock Up 1.1 %

APH stock traded up $1.29 during midday trading on Friday, reaching $120.30. The company had a trading volume of 1,451,819 shares, compared to its average volume of 2,851,552. The company has a 50 day moving average of $111.74 and a two-hundred day moving average of $99.44. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. Amphenol has a 1 year low of $72.77 and a 1 year high of $120.83. The company has a market capitalization of $72.37 billion, a P/E ratio of 36.39, a PEG ratio of 3.10 and a beta of 1.30.

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 issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio is currently 26.91%.

Insider Transactions at Amphenol

In other news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,000 shares of company stock valued at $31,846,050. 1.80% of the stock is owned by insiders.

Amphenol declared that its board has authorized a stock buyback plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on APH shares. Bank of America lifted their price target on shares of Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group boosted their target price on Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group increased their price target on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Robert W. Baird boosted their price objective on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a 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. According to MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target 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.