Amphenol (NYSE:APH) updated its first quarter 2020
Pre-Market earnings guidance on Wednesday. The company provided EPS guidance of 0.85-0.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.89. The company issued revenue guidance of $1.96-2 billion, compared to the consensus revenue estimate of $1.95 billion.Amphenol also updated its FY 2020
Pre-Market guidance to 3.76-3.84 EPS.
Several research analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Amphenol in a report on Tuesday, October 22nd. They issued a neutral rating and a $104.00 price target on the stock. Morgan Stanley raised their price target on shares of Amphenol from $104.00 to $112.00 and gave the company an overweight rating in a report on Wednesday, December 18th. Cross Research lowered shares of Amphenol from a hold rating to a sell rating in a report on Tuesday. Royal Bank of Canada assumed coverage on shares of Amphenol in a report on Tuesday, December 17th. They issued a sector perform rating and a $110.00 price target on the stock. Finally, Jefferies Financial Group began coverage on shares of Amphenol in a report on Monday, December 16th. They issued a buy rating and a $125.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Amphenol currently has a consensus rating of Hold and an average target price of $107.43.
APH stock opened at $108.26 on Wednesday. Amphenol has a twelve month low of $79.85 and a twelve month high of $110.24. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $32.45 billion, a P/E ratio of 28.41, a PEG ratio of 2.87 and a beta of 1.03. The firm has a 50 day simple moving average of $107.37 and a 200-day simple moving average of $98.45.
Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. Amphenol had a net margin of 14.15% and a return on equity of 28.19%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company earned $0.99 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, research analysts predict that Amphenol will post 3.66 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Monday, December 16th. Amphenol’s payout ratio is currently 26.53%.
In other news, SVP William J. Doherty sold 72,334 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $100.68, for a total transaction of $7,282,587.12. Following the completion of the sale, the senior vice president now owns 10,400 shares of the company’s stock, valued at $1,047,072. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.96, for a total transaction of $16,153,600.00. Following the sale, the chief executive officer now directly owns 160,000 shares of the company’s stock, valued at approximately $16,153,600. The disclosure for this sale can be found here. Insiders have sold 595,760 shares of company stock valued at $60,558,282 in the last three months. Corporate 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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