Wall Street analysts predict that Amphenol Co. (NYSE:APH) will post sales of $1.94 billion for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Amphenol’s earnings. The highest sales estimate is $1.96 billion and the lowest is $1.93 billion. Amphenol posted sales of $1.87 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Amphenol will report full year sales of $8.33 billion for the current financial year, with estimates ranging from $8.27 billion to $8.44 billion. For the next fiscal year, analysts forecast that the company will post sales of $8.72 billion, with estimates ranging from $8.58 billion to $8.78 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Amphenol.
Get Amphenol alerts:Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 23rd. The electronics maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.07. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.09 billion. Amphenol had a return on equity of 29.82% and a net margin of 14.69%. Amphenol’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS.
Several research firms recently commented on APH. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Morgan Stanley lifted their price objective on Amphenol from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, December 19th. Finally, Bank of America reiterated a “buy” rating and issued a $107.00 price objective (up previously from $103.00) on shares of Amphenol in a research report on Thursday, February 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $104.00.
Shares of Amphenol stock traded up $1.11 during midday trading on Wednesday, hitting $93.97. 595,980 shares of the company were exchanged, compared to its average volume of 1,265,268. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.36. The company has a market capitalization of $27.99 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.20 and a beta of 0.87. Amphenol has a 52 week low of $74.95 and a 52 week high of $97.56.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.92 annualized dividend and a yield of 0.98%. Amphenol’s payout ratio is 24.40%.
In other news, VP Jean-Luc Gavelle sold 31,000 shares of Amphenol stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $94.00, for a total value of $2,914,000.00. Following the completion of the sale, the vice president now directly owns 31,000 shares of the company’s stock, valued at approximately $2,914,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin H. Loeffler sold 11,000 shares of Amphenol stock in a transaction on Friday, March 1st. The shares were sold at an average price of $95.30, for a total value of $1,048,300.00. Following the completion of the sale, the director now directly owns 249,951 shares of the company’s stock, valued at $23,820,330.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,000 shares of company stock valued at $4,916,500. Corporate insiders own 2.34% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC acquired a new stake in shares of Amphenol in the 4th quarter valued at $35,000. Parkside Financial Bank & Trust increased its stake in shares of Amphenol by 189.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 547 shares of the electronics maker’s stock valued at $45,000 after buying an additional 358 shares during the period. Bremer Trust National Association acquired a new stake in shares of Amphenol in the 4th quarter valued at $46,000. Athena Capital Advisors LLC acquired a new stake in shares of Amphenol in the 4th quarter valued at $48,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Amphenol in the 4th quarter valued at $67,000. 94.22% of the stock is owned by institutional investors.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.
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