Amphenol (NYSE:APH) issued an update on its FY 2020
Pre-Market earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.76-3.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.98. The company issued revenue guidance of $8.24-8.4 billion, compared to the consensus revenue estimate of $8.38 billion.Amphenol also updated its FY20 guidance to $3.76-3.84 EPS.
Several research firms have recently issued reports on APH. Morgan Stanley increased their price objective on shares of Amphenol from $104.00 to $112.00 and gave the stock an overweight rating in a research report on Wednesday, December 18th. Jefferies Financial Group began coverage on shares of Amphenol in a report on Monday, December 16th. They set a buy rating and a $125.00 target price on the stock. Cross Research cut shares of Amphenol from a hold rating to a sell rating in a research report on Tuesday. JPMorgan Chase & Co. started coverage on Amphenol in a report on Tuesday, October 22nd. They issued a neutral rating and a $104.00 price target for the company. Finally, Royal Bank of Canada began coverage on Amphenol in a research report on Tuesday, December 17th. They issued a sector perform rating and a $110.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $107.43.
NYSE APH opened at $108.26 on Wednesday. The company’s fifty day simple moving average is $107.37 and its 200-day simple moving average is $98.45. Amphenol has a 52 week low of $79.85 and a 52 week high of $110.24. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.84. The stock has a market cap of $32.45 billion, a P/E ratio of 28.41, a PEG ratio of 2.87 and a beta of 1.03.
Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. Amphenol had a net margin of 14.15% and a return on equity of 28.19%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business earned $0.99 EPS. The business’s revenue was down 1.3% on a year-over-year basis. On average, research analysts expect that Amphenol will post 3.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. Amphenol’s dividend payout ratio is currently 26.53%.
In other news, VP Jean-Luc Gavelle sold 54,800 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $100.81, for a total value of $5,524,388.00. Following the sale, the vice president now owns 54,800 shares in the company, valued at approximately $5,524,388. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 13,500 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $101.45, for a total transaction of $1,369,575.00. Following the transaction, the vice president now directly owns 17,000 shares in the company, valued at approximately $1,724,650. The disclosure for this sale can be found here. Over the last three months, insiders sold 595,760 shares of company stock valued at $60,558,282. 2.60% 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 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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