Equities research analysts predict that Amphenol Co. (NYSE:APH) will post sales of $2.10 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Amphenol’s earnings. The lowest sales estimate is $2.08 billion and the highest is $2.11 billion. Amphenol posted sales of $1.94 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The firm is expected to report its next quarterly earnings report on Wednesday, January 23rd.
On average, analysts expect that Amphenol will report full year sales of $8.07 billion for the current fiscal year, with estimates ranging from $8.06 billion to $8.09 billion. For the next year, analysts forecast that the business will report sales of $8.36 billion, with estimates ranging from $8.18 billion to $8.47 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Amphenol.
Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.02 billion. Amphenol had a return on equity of 28.57% and a net margin of 9.64%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share.
Several research firms have recently weighed in on APH. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Morgan Stanley decreased their price objective on Amphenol from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, October 3rd. Goldman Sachs Group began coverage on Amphenol in a report on Tuesday, October 9th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Friday, October 26th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $98.67.
In other news, VP Richard Gu sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $87.00, for a total transaction of $174,000.00. Following the completion of the sale, the vice president now owns 3,000 shares in the company, valued at $261,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.51% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in APH. Bartlett & Co. LLC purchased a new stake in shares of Amphenol during the third quarter worth approximately $110,000. Braun Bostich & Associates Inc. raised its stake in shares of Amphenol by 1,407.1% during the second quarter. Braun Bostich & Associates Inc. now owns 1,281 shares of the electronics maker’s stock worth $112,000 after purchasing an additional 1,196 shares during the last quarter. Landaas & Co. WI ADV purchased a new stake in shares of Amphenol during the second quarter worth approximately $113,000. Fort L.P. purchased a new stake in shares of Amphenol during the second quarter worth approximately $119,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Amphenol by 16,640.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,674 shares of the electronics maker’s stock worth $146,000 after purchasing an additional 1,664 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.
Shares of APH stock traded down $0.34 during trading hours on Tuesday, hitting $83.58. The stock had a trading volume of 2,947,713 shares, compared to its average volume of 1,507,962. The company has a market capitalization of $25.18 billion, a P/E ratio of 26.79, a PEG ratio of 1.90 and a beta of 0.86. Amphenol has a twelve month low of $80.42 and a twelve month high of $97.56. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.61.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 8th. Stockholders of record on Monday, December 17th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, December 14th. Amphenol’s dividend payout ratio (DPR) is presently 29.49%.
Amphenol Company Profile
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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