Amphenol (NYSE:APH) announced its earnings results on Wednesday. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07, Briefing.com reports. Amphenol had a net margin of 14.15% and a return on equity of 28.19%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the business posted $1.05 earnings per share. Amphenol’s revenue for the quarter was down 3.3% on a year-over-year basis.
APH stock opened at $106.31 on Wednesday. The company has a market capitalization of $32.45 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 2.87 and a beta of 1.03. Amphenol has a one year low of $79.85 and a one year high of $110.24. The company’s 50 day moving average price is $107.37 and its two-hundred day moving average price is $98.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.39 and a current ratio of 1.99.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Monday, December 16th. Amphenol’s dividend payout ratio (DPR) is presently 26.53%.
APH has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of Amphenol from $104.00 to $112.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada assumed coverage on shares of Amphenol in a research note on Tuesday, December 17th. They set a “sector perform” rating and a $110.00 price target on the stock. Cross Research downgraded shares of Amphenol from a “hold” rating to a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. assumed coverage on shares of Amphenol in a research note on Tuesday, October 22nd. They set a “neutral” rating and a $104.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on shares of Amphenol in a research note on Monday, December 16th. They set a “buy” rating and a $125.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $107.43.
In other Amphenol news, VP David M. Silverman sold 9,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $105.01, for a total transaction of $945,090.00. Following the transaction, the vice president now directly owns 9,000 shares of the company’s stock, valued at approximately $945,090. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 13,500 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $101.45, for a total transaction of $1,369,575.00. Following the transaction, the vice president now directly owns 17,000 shares in the company, valued at $1,724,650. The disclosure for this sale can be found here. Insiders have sold 595,760 shares of company stock worth $60,558,282 over the last three months. Insiders own 2.60% of the company’s stock.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets 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, busbars, and distribution systems; and other connectors.
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