Equities research analysts expect Amphenol (NYSE:APH) to announce $1.80 billion in sales for the current quarter, Zacks reports. Four analysts have made estimates for Amphenol’s earnings, with estimates ranging from $1.79 billion to $1.81 billion. Amphenol reported sales of $1.56 billion during the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The company is expected to issue its next earnings report before the market opens on Wednesday, April 25th.
According to Zacks, analysts expect that Amphenol will report full-year sales of $7.53 billion for the current financial year, with estimates ranging from $7.52 billion to $7.56 billion. For the next year, analysts expect 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 that provide coverage for Amphenol.
Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. Amphenol had a return on equity of 26.09% and a net margin of 9.28%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the business earned $0.75 EPS. Amphenol’s revenue was up 17.7% compared to the same quarter last year.
A number of equities analysts recently issued reports on APH shares. Zacks Investment Research cut Amphenol from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Cowen restated a “buy” rating and set a $105.00 price objective on shares of Amphenol in a report on Wednesday, January 10th. SunTrust Banks restated a “hold” rating and set a $89.00 price objective (up previously from $82.00) on shares of Amphenol in a report on Thursday, January 25th. ValuEngine upgraded Amphenol from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Morgan Stanley upped their target price on Amphenol from $87.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $92.00.
APH traded up $0.86 during trading hours on Wednesday, reaching $86.47. 754,770 shares of the company’s stock traded hands, compared to its average volume of 1,345,790. Amphenol has a 52-week low of $68.83 and a 52-week high of $93.62. 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 stock has a market cap of $26,152.47, a P/E ratio of 27.71, a PEG ratio of 2.51 and a beta of 0.83.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 10th. Shareholders of record on Monday, March 19th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Friday, March 16th. Amphenol’s dividend payout ratio is 24.36%.
In other Amphenol news, VP Lance E. D’amico sold 10,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $92.07, for a total value of $920,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John R. Lord sold 2,000 shares of the company’s stock in a transaction on Sunday, September 2nd. The stock was sold at an average price of $62.47, for a total value of $124,940.00. Following the completion of the sale, the director now owns 38,677 shares of the company’s stock, valued at $2,416,152.19. The disclosure for this sale can be found here. 2.51% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in APH. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Amphenol by 7.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,616 shares of the electronics maker’s stock worth $1,497,000 after acquiring an additional 1,200 shares in the last quarter. Vident Investment Advisory LLC bought a new position in shares of Amphenol in the 3rd quarter worth $423,000. Zions Bancorporation bought a new position in shares of Amphenol in the 3rd quarter worth $169,000. Beacon Investment Advisory Services Inc. bought a new position in shares of Amphenol in the 3rd quarter worth $684,000. Finally, California Public Employees Retirement System raised its position in shares of Amphenol by 6.5% in the 3rd quarter. California Public Employees Retirement System now owns 749,808 shares of the electronics maker’s stock worth $63,464,000 after acquiring an additional 45,708 shares in the last quarter. 96.52% of the stock is owned by hedge funds and other institutional investors.
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Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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