Amphenol (NYSE:APH) Issues Earnings Results

Amphenol (NYSE:APH) released its earnings results 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 return on equity of 23.85% and a net margin of 15.87%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the business 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 Trading Up 1.2 %

Amphenol stock traded up $1.48 during mid-day trading on Friday, hitting $120.49. The stock had a trading volume of 4,024,837 shares, compared to its average volume of 2,885,384. The stock has a 50-day simple moving average of $111.74 and a two-hundred day simple moving average of $99.44. The stock has a market capitalization of $72.48 billion, a PE ratio of 36.39, a P/E/G ratio of 3.10 and a beta of 1.30. Amphenol has a 12 month low of $72.77 and a 12 month high of $121.25. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders 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 payout ratio is presently 26.91%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Evercore ISI upped their target price on Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday. Truist Financial increased their price objective on Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus increased their price objective on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Finally, Robert W. Baird increased their price objective on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.83.

Insider Activity at Amphenol

In related 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 value of $2,212,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were 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. Insiders have sold a total of 305,000 shares of company stock worth $31,846,050 over the last 90 days. Insiders own 1.80% of the company’s stock.

Amphenol declared that its board has initiated a stock repurchase 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 reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.