Headlines about TE Connectivity (NYSE:TEL) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TE Connectivity earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the electronics maker an impact score of 46.0713974965071 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
TE Connectivity (NYSE TEL) opened at $98.79 on Wednesday. TE Connectivity has a 52-week low of $71.93 and a 52-week high of $108.23. The firm has a market capitalization of $34,710.00, a price-to-earnings ratio of 28.72, a PEG ratio of 1.65 and a beta of 1.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 1.03.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.15. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.39 billion. TE Connectivity had a return on equity of 19.49% and a net margin of 9.12%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share. sell-side analysts forecast that TE Connectivity will post 5.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Thursday, February 22nd. TE Connectivity’s dividend payout ratio is presently 46.51%.
TE Connectivity announced that its board has approved a share repurchase program on Friday, December 8th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the electronics maker to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.
Several brokerages have commented on TEL. SunTrust Banks reiterated a “hold” rating and issued a $102.00 price target on shares of TE Connectivity in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of TE Connectivity from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine raised TE Connectivity from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $116.00 price objective on shares of TE Connectivity in a report on Wednesday, January 24th. Finally, Stifel Nicolaus increased their price objective on TE Connectivity from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. TE Connectivity presently has a consensus rating of “Buy” and a consensus price target of $137.09.
In other TE Connectivity news, insider Thomas J. Lynch sold 76,183 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $103.61, for a total value of $7,893,320.63. Following the sale, the insider now directly owns 254,715 shares of the company’s stock, valued at approximately $26,391,021.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Terrence R. Curtin sold 142,450 shares of TE Connectivity stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $104.24, for a total value of $14,848,988.00. Following the completion of the transaction, the insider now directly owns 200,258 shares in the company, valued at $20,874,893.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 598,196 shares of company stock valued at $58,835,804. 0.70% of the stock is currently owned by company insiders.
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TE Connectivity Company Profile
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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