TE Connectivity Ltd (NYSE:TEL) – Equities research analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for shares of TE Connectivity in a report released on Monday, December 3rd. Jefferies Financial Group analyst D. Kelley anticipates that the electronics maker will post earnings per share of $1.28 for the quarter. Jefferies Financial Group has a “Hold” rating and a $84.00 price target on the stock. Jefferies Financial Group also issued estimates for TE Connectivity’s Q2 2019 earnings at $1.38 EPS, Q3 2019 earnings at $1.51 EPS, Q4 2019 earnings at $1.47 EPS, FY2019 earnings at $5.64 EPS and FY2020 earnings at $6.23 EPS.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, October 31st. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.02. TE Connectivity had a return on equity of 20.06% and a net margin of 17.69%. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the business posted $1.25 EPS. The business’s revenue was up 8.5% compared to the same quarter last year.
TEL has been the topic of a number of other reports. Morgan Stanley cut their price target on TE Connectivity from $116.00 to $107.00 and set an “overweight” rating on the stock in a report on Monday, September 17th. Zacks Investment Research upgraded TE Connectivity from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. ValuEngine downgraded TE Connectivity from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Robert W. Baird downgraded TE Connectivity from an “outperform” rating to a “neutral” rating in a research note on Monday, October 1st. Finally, Royal Bank of Canada dropped their target price on TE Connectivity to $96.00 and set a “positive” rating on the stock in a research note on Thursday, November 1st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $105.64.
Shares of NYSE:TEL opened at $73.33 on Thursday. TE Connectivity has a 12-month low of $72.60 and a 12-month high of $108.23. The firm has a market capitalization of $25.44 billion, a PE ratio of 13.07, a P/E/G ratio of 1.16 and a beta of 1.16. The company has a current ratio of 1.41, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 23rd were paid a dividend of $0.44 per share. The ex-dividend date was Wednesday, November 21st. This represents a $1.76 annualized dividend and a yield of 2.40%. TE Connectivity’s dividend payout ratio (DPR) is 31.37%.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in TE Connectivity by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 24,999,009 shares of the electronics maker’s stock worth $2,198,164,000 after buying an additional 340,661 shares during the last quarter. BlackRock Inc. lifted its position in TE Connectivity by 3.9% during the 3rd quarter. BlackRock Inc. now owns 20,012,890 shares of the electronics maker’s stock worth $1,759,734,000 after acquiring an additional 743,519 shares during the period. Janus Henderson Group PLC lifted its position in TE Connectivity by 12.9% during the 2nd quarter. Janus Henderson Group PLC now owns 12,603,520 shares of the electronics maker’s stock worth $1,135,059,000 after acquiring an additional 1,443,941 shares during the period. Capital Research Global Investors acquired a new stake in TE Connectivity during the 3rd quarter worth about $720,118,000. Finally, EdgePoint Investment Group Inc. lifted its position in TE Connectivity by 16.2% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 5,698,700 shares of the electronics maker’s stock worth $513,225,000 after acquiring an additional 795,423 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.
TE Connectivity Company Profile
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 AsiaPacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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