Analysts expect Amphenol Corporation (NYSE:APH) to announce sales of $1.60 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Amphenol Corporation’s earnings, with the lowest sales estimate coming in at $1.60 billion and the highest estimate coming in at $1.61 billion. Amphenol Corporation posted sales of $1.55 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.2%. The business is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, July 26th.
On average, analysts expect that Amphenol Corporation will report full year sales of $1.60 billion for the current financial year, with estimates ranging from $6.50 billion to $6.56 billion. For the next year, analysts forecast that the firm will post sales of $6.86 billion per share, with estimates ranging from $6.79 billion to $7.00 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Amphenol Corporation.
Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, April 26th. The electronics maker reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Amphenol Corporation had a net margin of 13.93% and a return on equity of 24.24%. Amphenol Corporation’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS.
Several analysts have commented on APH shares. Cowen and Company started coverage on shares of Amphenol Corporation in a research report on Tuesday, March 21st. They issued an “outperform” rating and a $85.00 price objective on the stock. Deutsche Bank AG lifted their price objective on shares of Amphenol Corporation from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Royal Bank Of Canada lifted their price objective on shares of Amphenol Corporation from $75.00 to $77.00 and gave the stock a “top pick” rating in a research report on Thursday, April 27th. Zacks Investment Research raised shares of Amphenol Corporation from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Finally, Stifel Nicolaus lifted their price objective on shares of Amphenol Corporation from $64.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $77.00.
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In other news, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total value of $1,092,900.00. Following the completion of the transaction, the chief financial officer now owns 40,000 shares in the company, valued at $2,914,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $73.10, for a total transaction of $14,620,000.00. Following the completion of the transaction, the chief executive officer now owns 293,992 shares of the company’s stock, valued at approximately $21,490,815.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 893,000 shares of company stock worth $66,184,060. Insiders own 2.92% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Amphenol Corporation by 2,540.0% in the first quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock valued at $1,356,586,000 after buying an additional 18,339,185 shares during the last quarter. Norges Bank acquired a new position in Amphenol Corporation during the fourth quarter valued at $161,569,000. Vanguard Group Inc. increased its position in Amphenol Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 29,794,362 shares of the electronics maker’s stock valued at $2,120,464,000 after buying an additional 914,857 shares during the last quarter. Janus Capital Management LLC increased its position in Amphenol Corporation by 10.8% in the first quarter. Janus Capital Management LLC now owns 9,234,030 shares of the electronics maker’s stock valued at $657,176,000 after buying an additional 900,961 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Amphenol Corporation by 103.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,745,948 shares of the electronics maker’s stock valued at $117,330,000 after buying an additional 886,502 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.
Shares of Amphenol Corporation (APH) traded down 0.51% on Friday, reaching $75.63. 2,235,919 shares of the company were exchanged. Amphenol Corporation has a 12-month low of $55.13 and a 12-month high of $76.67. The company’s 50 day moving average is $73.94 and its 200 day moving average is $70.34. The firm has a market capitalization of $23.11 billion, a PE ratio of 26.83 and a beta of 0.76.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Monday, June 19th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, June 15th. Amphenol Corporation’s dividend payout ratio is 22.70%.
About Amphenol Corporation
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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