Equities analysts expect Amphenol Corporation (NYSE:APH) to report sales of $1.73 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Amphenol Corporation’s earnings, with estimates ranging from $1.72 billion to $1.73 billion. Amphenol Corporation reported sales of $1.64 billion in the same quarter last year, which would suggest a positive year over year growth rate of 5.5%. The company is expected to issue its next earnings report on Wednesday, October 18th.
On average, analysts expect that Amphenol Corporation will report full-year sales of $1.73 billion for the current fiscal year, with estimates ranging from $6.66 billion to $6.68 billion. For the next financial year, analysts forecast that the firm will report sales of $7.00 billion per share, with estimates ranging from $6.97 billion to $7.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Amphenol Corporation.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. Amphenol Corporation’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share.
Several analysts recently weighed in on APH shares. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Thursday, June 22nd. Morgan Stanley lifted their price target on Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Deutsche Bank AG lifted their price target on Amphenol Corporation from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Royal Bank Of Canada lifted their price target on Amphenol Corporation from $77.00 to $80.00 and gave the stock a “top pick” rating in a report on Tuesday, June 27th. Finally, BidaskClub cut Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Amphenol Corporation presently has an average rating of “Buy” and an average target price of $79.00.
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In other Amphenol Corporation news, SVP Zachary W. Raley sold 432,000 shares of Amphenol Corporation stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $74.12, for a total value of $32,019,840.00. Following the completion of the transaction, the senior vice president now directly owns 144,000 shares of the company’s stock, valued at approximately $10,673,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total value of $15,590,000.00. Following the completion of the transaction, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at $22,916,676.40. The disclosure for this sale can be found here. Insiders sold a total of 1,050,200 shares of company stock valued at $79,467,056 over the last ninety days. Insiders own 2.51% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its position in shares of Amphenol Corporation by 25.1% in the second quarter. Toronto Dominion Bank now owns 106,805 shares of the electronics maker’s stock valued at $7,883,000 after buying an additional 21,429 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Amphenol Corporation during the second quarter valued at $392,000. Colony Group LLC boosted its position in shares of Amphenol Corporation by 5.6% in the second quarter. Colony Group LLC now owns 29,513 shares of the electronics maker’s stock valued at $2,179,000 after buying an additional 1,568 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Amphenol Corporation during the second quarter valued at $833,000. Finally, BB&T Investment Services Inc. bought a new position in shares of Amphenol Corporation during the second quarter valued at $374,000. 95.99% of the stock is owned by hedge funds and other institutional investors.
Shares of Amphenol Corporation (NYSE APH) opened at 78.71 on Tuesday. The stock’s 50 day moving average price is $76.28 and its 200-day moving average price is $72.99. Amphenol Corporation has a 52-week low of $60.97 and a 52-week high of $79.70. The company has a market capitalization of $24.04 billion, a PE ratio of 26.50 and a beta of 0.77.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, September 15th. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 0.97%. Amphenol Corporation’s payout ratio is currently 21.55%.
Amphenol Corporation Company Profile
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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