Brokerages expect Amphenol Co. (NYSE:APH) to report $1.80 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Amphenol’s earnings. The highest sales estimate is $1.81 billion and the lowest is $1.79 billion. Amphenol posted sales of $1.56 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.4%. The company is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Amphenol will report full-year sales of $1.80 billion for the current fiscal year, with estimates ranging from $7.52 billion to $7.56 billion. For the next fiscal year, analysts forecast that the company will post sales of $7.92 billion per share, with estimates ranging from $7.81 billion to $8.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Amphenol.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business posted $0.75 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis.
A number of research analysts have commented on APH shares. Morgan Stanley raised their target price on shares of Amphenol from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Wells Fargo & Co started coverage on shares of Amphenol in a research report on Friday, November 10th. They set an “outperform” rating and a $98.00 target price on the stock. SunTrust Banks raised their target price on shares of Amphenol from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Stifel Nicolaus raised their target price on shares of Amphenol from $78.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $92.00.
In other news, Director Diana G. Reardon sold 503,000 shares of Amphenol stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total value of $45,637,190.00. Following the transaction, the director now owns 260,000 shares of the company’s stock, valued at approximately $23,589,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lance E. D’amico sold 10,000 shares of Amphenol stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $92.07, for a total transaction of $920,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 515,000 shares of company stock worth $46,682,830 in the last three months. Insiders own 2.51% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Dupont Capital Management Corp purchased a new position in shares of Amphenol in the 4th quarter worth approximately $115,000. Tower Research Capital LLC TRC grew its position in shares of Amphenol by 87.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock worth $120,000 after buying an additional 640 shares during the last quarter. Fusion Family Wealth LLC purchased a new position in shares of Amphenol in the 4th quarter worth approximately $121,000. Wagner Wealth Management LLC purchased a new position in shares of Amphenol in the 4th quarter worth approximately $127,000. Finally, Cribstone Capital Management LLC grew its position in shares of Amphenol by 123.5% in the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock worth $161,000 after buying an additional 1,050 shares during the last quarter. 95.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amphenol (NYSE:APH) traded down $0.19 on Monday, reaching $90.23. 1,191,113 shares of the company were exchanged, compared to its average volume of 1,536,270. Amphenol has a one year low of $68.57 and a one year high of $93.62. The company has a market cap of $27,590.44, a price-to-earnings ratio of 44.12, a price-to-earnings-growth ratio of 2.65 and a beta of 0.82. The company has a quick ratio of 2.25, a current ratio of 2.95 and a debt-to-equity ratio of 0.88.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Monday, March 19th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, March 16th. Amphenol’s dividend payout ratio (DPR) is 37.07%.
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Amphenol Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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