Amphenol (NYSE:APH) Issues Q2 2024 Earnings Guidance

Amphenol (NYSE:APH) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.790-0.810 for the period, compared to the consensus EPS estimate of 0.790. The company issued revenue guidance of $3.2 billion-$3.3 billion, compared to the consensus revenue estimate of $3.3 billion. Amphenol also updated its Q2 guidance to $0.79-0.81 EPS.

Amphenol Trading Up 1.8 %

APH stock traded up $2.05 during mid-day trading on Wednesday, reaching $116.31. 7,624,930 shares of the stock traded hands, compared to its average volume of 2,853,614. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. Amphenol has a one year low of $72.00 and a one year high of $119.59. The stock has a market capitalization of $69.97 billion, a PE ratio of 37.40, a PEG ratio of 3.00 and a beta of 1.30. The business has a 50-day moving average price of $111.23 and a two-hundred day moving average price of $99.18.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts expect that Amphenol will post 3.28 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio is currently 28.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APH. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $118.00 to $125.00 and gave the company an overweight rating in a research note on Thursday, April 11th. Evercore ISI increased their price target on shares of Amphenol from $110.00 to $125.00 and gave the company an outperform rating in a research report on Monday, March 25th. Robert W. Baird increased their price target on shares of Amphenol from $100.00 to $106.00 and gave the company an outperform rating in a research report on Thursday, January 25th. Stifel Nicolaus increased their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a hold rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group increased their price target on shares of Amphenol from $107.00 to $119.00 and gave the company a buy rating in a research report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Amphenol presently has an average rating of Moderate Buy and an average price target of $113.75.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the sale, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,000 shares of company stock worth $31,846,050. Corporate insiders own 1.80% of the company’s stock.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.