Amphenol (NYSE:APH) Releases Q2 Earnings Guidance

Amphenol (NYSE:APH) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.79-0.81 for the period, compared to the consensus estimate of $0.79. The company issued revenue guidance of $3.24-3.30 billion, compared to the consensus revenue estimate of $3.27 billion. Amphenol also updated its Q2 2024 guidance to 0.790-0.810 EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APH. Robert W. Baird boosted their price objective on shares of Amphenol from $123.00 to $124.00 and gave the company an outperform rating in a report on Thursday. Citigroup boosted their price objective on shares of Amphenol from $117.00 to $135.00 and gave the company a buy rating in a report on Thursday, April 4th. Evercore ISI boosted their price objective on shares of Amphenol from $125.00 to $130.00 and gave the company an outperform rating in a report on Thursday. Bank of America upped their price target on shares of Amphenol from $121.00 to $124.00 and gave the company a buy rating in a report on Thursday. Finally, Truist Financial upped their price target on shares of Amphenol from $121.00 to $136.00 and gave the company a buy rating in a report on Thursday. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $118.83.

Amphenol Stock Performance

Shares of APH stock opened at $120.49 on Friday. The company’s fifty day simple moving average is $112.04 and its 200-day simple moving average is $99.70. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. The firm has a market cap of $72.48 billion, a PE ratio of 36.85, a P/E/G ratio of 3.13 and a beta of 1.30. Amphenol has a 12 month low of $72.77 and a 12 month high of $121.25.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Amphenol will post 3.34 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 26.91%.

Amphenol announced that its board has initiated a stock buyback program on Wednesday, April 24th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,000 shares of company stock valued at $31,846,050. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Company Profile

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.