TE Connectivity (TEL) Releases Q1 Earnings Guidance

TE Connectivity (NYSE:TEL) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.25-1.29 for the period, compared to the Thomson Reuters consensus estimate of $1.38. The company issued revenue guidance of $3.33-3.43 billion, compared to the consensus revenue estimate of $3.59 billion.TE Connectivity also updated its FY 2019 guidance to $5.60-5.80 EPS.

Several brokerages have recently weighed in on TEL. Royal Bank of Canada reduced their price objective on shares of TE Connectivity to $96.00 and set a positive rating for the company in a research report on Thursday. They noted that the move was a valuation call. SunTrust Banks restated a hold rating and set a $82.00 price objective on shares of TE Connectivity in a research report on Wednesday. Macquarie began coverage on shares of TE Connectivity in a research report on Monday, October 8th. They set an outperform rating for the company. ValuEngine downgraded shares of TE Connectivity from a hold rating to a sell rating in a research report on Wednesday, October 3rd. Finally, Morgan Stanley reduced their price objective on shares of TE Connectivity from $107.00 to $102.00 and set an overweight rating for the company in a research report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. TE Connectivity has an average rating of Buy and an average target price of $108.00.

Shares of TE Connectivity stock opened at $77.90 on Friday. The firm has a market capitalization of $27.24 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.20 and a beta of 1.01. TE Connectivity has a 12 month low of $73.70 and a 12 month high of $108.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.47.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, October 31st. The electronics maker reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.65 billion. TE Connectivity had a net margin of 9.26% and a return on equity of 20.33%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. As a group, equities research analysts expect that TE Connectivity will post 5.96 EPS for the current fiscal year.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia–Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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Earnings History and Estimates for TE Connectivity (NYSE:TEL)

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