Brokerages predict that Amphenol Co. (NYSE:APH) will announce earnings of $0.86 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Amphenol’s earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $0.89. Amphenol posted earnings per share of $0.95 in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.5%. The company is expected to issue its next earnings results before the market opens on Wednesday, October 21st.
According to Zacks, analysts expect that Amphenol will report full year earnings of $3.33 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.43. For the next financial year, analysts anticipate that the company will report earnings of $3.96 per share, with EPS estimates ranging from $3.78 to $4.06. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Amphenol.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.18. Amphenol had a net margin of 13.56% and a return on equity of 23.39%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the firm posted $0.92 earnings per share.
Several research firms recently commented on APH. Stifel Nicolaus upped their price target on shares of Amphenol from $80.00 to $95.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Zacks Investment Research downgraded shares of Amphenol from a “buy” rating to a “hold” rating and set a $114.00 price objective for the company. in a research report on Tuesday, September 29th. upped their price objective on shares of Amphenol from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley downgraded shares of Amphenol from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a research report on Monday, August 24th. They noted that the move was a valuation call. Finally, UBS Group initiated coverage on shares of Amphenol in a research report on Tuesday, September 15th. They set a “buy” rating and a $133.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Amphenol has an average rating of “Hold” and a consensus price target of $113.18.
In related news, SVP William J. Doherty sold 55,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $109.74, for a total value of $6,035,700.00. Following the sale, the senior vice president now directly owns 55,000 shares of the company’s stock, valued at approximately $6,035,700. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jean-Luc Gavelle sold 42,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $109.25, for a total transaction of $4,588,500.00. Following the completion of the sale, the senior vice president now directly owns 32,000 shares in the company, valued at $3,496,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 196,200 shares of company stock worth $21,254,901. Corporate insiders own 2.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of APH. IBM Retirement Fund raised its position in Amphenol by 39.1% in the third quarter. IBM Retirement Fund now owns 9,385 shares of the electronics maker’s stock worth $1,016,000 after acquiring an additional 2,636 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Amphenol by 11.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 24,175 shares of the electronics maker’s stock valued at $2,617,000 after buying an additional 2,499 shares during the last quarter. Vigilant Capital Management LLC lifted its holdings in shares of Amphenol by 35.0% during the 3rd quarter. Vigilant Capital Management LLC now owns 3,375 shares of the electronics maker’s stock valued at $365,000 after buying an additional 875 shares during the last quarter. Bowling Portfolio Management LLC acquired a new stake in Amphenol in the 3rd quarter worth approximately $1,065,000. Finally, Nachman Norwood & Parrott Inc acquired a new stake in Amphenol in the 3rd quarter worth approximately $26,000. 94.72% of the stock is currently owned by hedge funds and other institutional investors.
APH stock traded up $0.80 on Friday, hitting $115.16. The company’s stock had a trading volume of 2,972,622 shares, compared to its average volume of 1,649,065. The firm has a 50 day moving average of $108.86 and a two-hundred day moving average of $98.06. Amphenol has a 1 year low of $63.05 and a 1 year high of $116.10. The stock has a market cap of $34.36 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 4.58 and a beta of 1.25. The company has a current ratio of 2.59, a quick ratio of 1.82 and a debt-to-equity ratio of 0.78.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.87%. Amphenol’s dividend payout ratio (DPR) is presently 26.74%.
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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